6214 Morton - turnkey multifamily investment property in Historic Germantown

This massive 8500 SF nine (9) unit apartment building is fully leased on a master lease in the historic Germantown section of Philadelphia, Pennsylvania. Units have been recently renovated by Ownership and are turnkey, low maintenance, with low expenses. 7.03% in place cap rate. Huge rental upside for new Ownership as rental rates have not been increased in 5 years. Careful combination of 1, 2 and 3-bedroom apartments with lush rear yard and 5-car garage for additional rental income. Dramatic corner lot with commanding area presence. Emerging area surrounded by dozens of new developments in the blossoming Northwest Philadelphia district - located right off the historic cobblestones of Germantown Avenue with access to amenities, shops, parks and more.