Multi-Family Investment Opportunity – Fully Occupied Except One Unit!This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here’s what makes this property a must-see:1st Floor UnitSpacious 2-bedroom apartment with access to a private yard.Long-term tenant (6 years) paying $800/month – well below market value, presenting an opportunity to increase rent upon lease renewal.Meticulously cared for by the tenant, with original hardwood floors adding character and charm.2nd Floor UnitsBack Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month.Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value.3rd Floor Unit1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures.Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income.Key Features:Consistent rental income from long-term tenants.Renovation potential to boost rents and overall property value.Flexibility to adjust layouts and maximize returns.This property combines stable cash flow with opportunities for value-add improvements. Don’t miss your chance to capitalize on this income-generating asset!
Multi-Family Investment Opportunity – Fully Occupied Except One Unit!This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here’s what makes this property a must-see:1st Floor UnitSpacious 2-bedroom apartment with access to a private yard.Long-term tenant (6 years) paying $800/month – well below market value, presenting an opportunity to increase rent upon lease renewal.Meticulously cared for by the tenant, with original hardwood floors adding character and charm.2nd Floor UnitsBack Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month.Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value.3rd Floor Unit1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures.Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income.Key Features:Consistent rental income from long-term tenants.Renovation potential to boost rents and overall property value.Flexibility to adjust layouts and maximize returns.This property combines stable cash flow with opportunities for value-add improvements. Don’t miss your chance to capitalize on this income-generating asset!
Neighborhood
Type
County
Philadelphia
Area
19124
Tax Amount
$2,505
Status
Active
Listing #
PAPH2429990
Built
1925
Lot Size
0.05
Listed on site
25 days
Listing Agent Id
801374509256
Co Listing Agent Id
121135922063