Example of Philly Fourplex!

Note: This Property Has Now Sold

We talk a lot about Philadelphia, the city of brotherly love, on this blog (did you catch the amazing webinar?) – and for good reason. Philadelphia is amazing for us real estate investors. Appreciation is on the upswing – but it’s still got a lot of upward momentum going forward (exactly what you want to look for when you invest in real estate).

Beyond just fundamentals, it has a thriving tenant population – its abundance of hospitals, employers, universities and proximity to DC all make this city a very loveable place for investors.

Even better – we just found you a FOURplex. Yep, folks, that’s four times the rental income in one single property. Can we say cash-flow enough? Take a look.


The photo above is an example of a Philly Fourplex.
As we are rushing to get you the info, we don’t have the finalized image up yet!

Location: Philadelphia, PA

Built In: 1945 (fully renovated and rented – tenant in place as condition of closing!)

Purchase price: $150,500  (not a foreclosure, normal sale)

Property info: 5 bedroom, 4 bathroom, 1,877 Square Feet

Income

Monthly rent collected: $2,200

Expenses

Monthly expenses

Property taxes: $143

Insurance: $80

Home Owners Association: $0

Property management fees: $220

Monthly expenses (conservatively estimated)

Vacancy (7%): $154

Repairs (5%): $110

Total Monthly Expenses- $707

Net Income = Income – Expenses = $1493
-imagine what you could do with this cash-flow?

Advanced Numbers

Cap Rate =11.90%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:

  • Deal Applies Only If Reserved Before June 20th
  • 1 Year Rental Guarantee: Property manager will pay you the full gross monthly rene event that any of your tenants default during your first year of ownership
  • 1 Year Maintenance Guarantee: Property manager will cover all labor and materials for any maintenance required during your first year of ownership
  • 15-Year Roof Warranty: All properties come with a 15-year roof warranty
If you are interested in this amazing property – or seeing others like it, just contact Ali at ali@hipsterinvestments.com
Comments
  • casey
    Reply

    Oh man, I see this one sold. I am interested in properties like this. How can I find more? ….You rock. Thanks for the info.

    • Ali
      Reply

      Yep, it sold literally within minutes of getting posted. We’ll email you and connect you with the seller so you can be in line for the next one.

  • Arsene
    Reply

    Is the fourplex still availible that you just posted on twitter?

    • Ali
      Reply

      Hi Arsene! It sure is – at the moment. Want us to email you – or you can send us one too – ali@hipsterinvestments.com

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