Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
4,312
A rare opportunity for the savvy investor to acquire a fully occupied, income-producing triplex with a compelling future value-add component in the heart of Francisville. What truly sets this apart is the 150-foot-deep, street-to-street parcel extending from Girard to W Flora Street. With RM-4 zoning, the depth and rear frontage may present an exciting opportunity to explore subdivision and additional development along Flora Street, subject to zoning, subdivision, and City approvals. The existing triplex generates $63,984 in annual gross rental income and consists of three well-maintained, updated units, each featuring central air conditioning. All three units are currently furnished and leased on flexible three- to six-month terms, with the furniture included in the sale. A new owner can continue the current furnished rental strategy or transition the units to traditional long-term leases as existing leases expire. The location is just one block to Broad St. and convenient subway access, the property offers exceptional connectivity to Center City, Temple University, and surrounding neighborhoods, creating a strong rental location for students, professionals, commuters, and longer-term residents alike. For investors looking to scale, 1501 W Girard Avenue, the neighboring six-unit property, is also separately available. Together, the two properties offer the opportunity to acquire nine existing units across adjoining properties, while potentially unlocking additional value from the unusually deep, street-to-street parcels and Flora Street frontage. Existing cash flow today, flexibility in rental strategy, and a potential development play for tomorrow, offering multiple paths to create long-term value in one acquisition.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
4312.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Back Yard
-
Lot Size(acres)
0.06
-
Lot Size(square feet)
2,700
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$650,000
-
Tax Amount
$11,523
-
Sq. Footage
4,312
-
Price/SqFt
$150
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
56
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Lara Ertwine, SERHANT PENNSYLVANIA LLC
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
Call Nick today to schedule a private showing.
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