Property Details
Property Type
5 Unit
Location
Deal type
Simpson
Check out this latest deal brought to you by our acquisitions team — a 5-unit in Simpson, PA priced at just $55K per door. The numbers speak for themselves, and the upside is clear.
306 Morse Ave, Simpson, PA 18407
Asking Price: $275,000
Price Per Unit: $55,000
Buy & Hold Snapshot
Current
5 Units
Gross Rents: $45,000
Annual NOI: $18,630
Cap Rate: 6.12%
Projected
Gross Rents: $68,400
Annual NOI: $32,316
Cap Rate: 10.46%
Cash on Cash Return: 13.10% (includes vacancy and mgmt reserves)
ARV: $375,000
Rehab Estimate: $65,000
Each unit is 2 bed, 1 bath with solid layouts and significant rental upside. Off-street parking, separate electric, and located near major employment centers and recreation. All tenants are month-to-month, making value-add turnover feasible.
Photos, financials, comps, rent data, and more:
306 Morse Ave Full Deal Info