Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1914
Sq.Footage
3,366
211 N 63rd is a renovated, turn key, 5-unit multifamily building offering immediate income potential in West Philadelphia’s Cobbs Creek/Haddington corridor. The property features two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, with all five units currently operating as a furnished mid-term rental program generating approx $7,500 per month. For investors seeking a traditional multifamily model, the property also offers a long-term rental pro forma of approximately $5,900 per month, or $70,800 annually. With no long-term leases to assume, the next owner has flexibility from day one. The building has been thoughtfully updated with a new roof, updated mechanical systems, renovated interiors, upated kitchens and bathrooms, and design-forward common areas. The units are fully furnished and rent-ready under the current rental program, allowing for a seamless transition for an investor looking to continue the existing operation. There is also a 225' deep lot which allows potential development to add additional units, subject to buyer verification of zoning and approvals. Located just blocks from 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. This an attractive option with heavy cash flow relative to other options perfect for yield-focused investors, conventional multifamily operators, or developers looking for future upside. Available individually or as part of a package with 207 N 63rd Street, a 7-unit property listed separately for $685,000. Tours by appointment with 48 hours’ notice.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
2616.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
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)
0.1
-
Lot Size(square feet)
4500.0
-
Property Type
Residential Income
-
Property Sub Type
Townhouse
-
Architectural Style
Other
Price
-
Sales Price
$490,000
-
Tax Amount
$3,831
-
Sq. Footage
3, 366
-
Price/SqFt
$145
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
84
-
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
Call Theresa today to schedule a private showing.
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