3732 N 10TH Street

Description

Investment Opportunity in Hunting Park, PhiladelphiaWelcome to an exciting investment opportunity in the thriving Hunting Park neighborhood of Philadelphia. Presenting 3732 N 10th St, a recently renovated 3-bedroom, 1-bathroom property that is currently generating steady rental income. With a sale price of $125,000, this property offers an attractive investment proposition with a strong potential for returns.This well-maintained home is currently rented at $1,100 per month, providing a reliable stream of income for investors. With annual expenses totaling $2,690, including property management, maintenance, taxes, and insurance, the property offers a favorable financial outlook. The tenant lease is from May 15, 2023 to April 30, 2024.The calculated capitalization rate, or cap rate, is a key metric for investors seeking to evaluate the profitability of an investment property. In this case, the cap rate can be determined as follows:Net Operating Income (NOI) = Rental Income - Annual ExpensesNOI = $1,100 x 12 - $2,690NOI = $13,200 - $2,690NOI = $10,510Cap Rate = (NOI / Sale Price) x 100Cap Rate = ($10,510 / $125,000) x 100Cap Rate = 8.41%With a cap rate of 8.41%, this investment property offers a solid return on investment potential, making it an attractive option for savvy investors looking to diversify their portfolio.Beyond the financial aspects, Hunting Park is a desirable neighborhood that further enhances the property's investment value. Known for its sense of community, this vibrant area offers a range of amenities and conveniences. The proximity to Hunting Park provides tenants with opportunities for outdoor recreation, while the presence of local shops, restaurants, and cafes ensures easy access to everyday necessities.Additionally, Philadelphia itself is a dynamic city with a strong rental market. Its rich history, diverse neighborhoods, and cultural attractions make it an appealing destination for renters. Philadelphia's robust economy, educational institutions, and thriving arts scene contribute to a steady demand for rental properties.Investing in 3732 N 10th St presents an opportunity to enter the lucrative Philadelphia real estate market. With its attractive cap rate, steady rental income, and the potential for long-term appreciation, this property offers the chance to build wealth and establish a reliable income stream.Don't miss out on this promising investment opportunity in Hunting Park. Act now and seize the chance to add 3732 N 10th St to your portfolio. This property is part of a larger property package which can be reviewed in the document section of the MLS and can be sold others or separately. Schedule a showing today and discover the potential for success in the vibrant city of Philadelphia.