7000 Forrest Ave, Philadelphia, PA 19138

This is a unique opportunity for a turnkey rental property in West Oak Lane for either an owner-occupant investor (3rd floor tenant just moved out) or someone simply looking for positive cash flows. All three units are 2 bedrooms, relatively similar in size, and all fully renovated/updated in 2015. Units #1 & #2 are occupied by long-term tenants, though their rents are slightly below the current market values based on my rental comps. All current and projected rents are included in the listing details. Even at the current rents the property has a 6.5% cap rate, but projects at a 7.57% cap rate at the market value rents of $1,000/mo, $1,250/mo, and $1,200/mo. A pro-forma P&L is included in the document section of the listing. In addition to this being a sunny corner property, the location has an 83 WalkScore so most errands can be accomplished on foot. In addition to all of the conveniences located on nearby Ogontz Ave, there are also several close by local favorites such as Dubu, Jamil's Cafe, and Le Onde Ristorante.