Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
4,732
207 N 63rd Street is a turn key, rent ready 7-unit multifamily building offering strong in-place income with additional development upside in West Philadelphia’s Cobbs Creek/Haddington corridor. The property features two 2-bedroom, 1-bath units and five 1-bedroom, 1-bath units, with all seven units currently operating as a furnished mid-term rental program generating approx $10,000 per month gross income. For investors seeking a traditional multifamily model, the property also offers a long-term rental pro forma of approximately $8,000 per month. With no long-term leases to assume, the next owner has flexibility to continue the existing operation or transition the building to conventional multifamily use. The building has been thoughtfully updated with a new roof, updated mechanical systems, finished kitchens, updated bathrooms, and design-forward accent finishes throughout. The units are fully furnished and rent-ready under the current boutique rental program, creating a seamless opportunity for an investor looking to continue the existing cash-flowing operation. The current operating structure may also be transferable, including pricing strategy, rental platform setup, cleaning vendors, and turn protocols. The lot goes street-to-street with a 225' deep lot, which may support a potential development opportunity to build an additional apartment building behind the existing structure, subject to buyer verification of zoning, approvals, and feasibility. This creates a unique opportunity to acquire stabilized in-place income while exploring future development potential. Located near the Market-Frankford Line at 63rd and Market Station, the property offers convenient access to Center City, University City, Drexel, Penn, CHOP, and surrounding employment and education hubs. Available individually or as part of a package with 211 N 63rd Street, a 5-unit property listed separately for $490,000. Buyers may submit offers on either building independently or the 12-unit portfolio. Tours by appointment with 48 hours’ notice.
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Above Grade Finished Area
4732.0
-
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
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5625.0
-
Property Type
Residential Income
-
Property Sub Type
Townhouse
-
Architectural Style
Other
Price
-
Sales Price
$685,000
-
Tax Amount
$740
-
Sq. Footage
4, 732
-
Price/SqFt
$144
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
121
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Dan Deckelbaum , KW Empower
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Owner, President, Investment Property Advisor
Theresa Kehler
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