Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
2013
Sq.Footage
2,763
Exceptional fully leased Triplex in the Qualified Opportunity Zone (QOZ) in the Powelton area of University City. This property is situated just minutes from Drexel University, the University of Pennsylvania and the University of the Sciences, offering prime access to some of Philadelphia’s most sought after colleges. Nestled on a quiet street but also steps from public transportation and University City amenities, this property boasts outstanding walk (85), transit (89) and bike (98) scores. This 13 years old well-maintained, ground-up construction triplex features hardwood floors, in unit laundry, stainless steel appliances, and large windows for abundance of natural light, each with separate utilities. The kitchens are equipped with shaker-style cabinets, granite countertops, dishwashers, garbage disposals, microwaves, and refrigerators. The building consists of: Unit 1: 5-bedroom, 2-bath bilevel with a private yard, Unit 2: 2-bedroom, 1-bath with a private rear deck, Unit 3: 2-bedroom, 1-bath with a private roof deck . With rents well currently below market value, there are significant potential for future rent increases and value add. The property is also located near several major development projects, including 3.0 University Place, Schuylkill Yards, uCity Square, and the Science Center, making it a strategically sound long-term investment. This turnkey asset is ideal for both investors and owner-occupants. The property falls under the FHA limit for four-unit buildings and qualifies for Fannie Mae/Freddie Mac’s new 5% down owner-occupied multi-family program. With strong appreciation and rental growth potential, this is a rare opportunity in a high-demand area.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2763.0
-
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
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1494.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$724,800
-
Tax Amount
$11,339
-
Sq. Footage
2, 763
-
Price/SqFt
$262
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
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 Duc Tran , Realty Mark Associates
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Owner, President, Investment Property Advisor
Theresa Kehler
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