Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
2,544
Outstanding value-add investment opportunity! This end of row, legally zoned four-unit multifamily property offers immediate income with significant upside potential. The building consists of two 1-bedroom, 1-bath units, one studio apartment, and one 2-bedroom unit, with three of the four units currently occupied, providing cash flow from day one. The first-floor 1-bedroom, 1-bath unit is occupied and in decent condition, while the second-floor front studio is occupied and well maintained. The third-floor 2-bedroom unit is also occupied and in average condition. The second-floor rear 1-bedroom, 1-bath unit is currently vacant and presents an excellent opportunity for a full renovation, allowing the next owner to significantly increase rental income and overall property value. As an end-unit building, the property benefits from additional natural light and enhanced privacy. Whether you're looking to expand your portfolio, execute a value-add strategy, or live in one unit while collecting rental income from the others, this property offers tremendous potential. Bring your vision and capitalize on the opportunity to renovate the vacant unit while maximizing rents over time. Don't miss your chance to acquire an income-producing multifamily property with built-in upside in a strong investment package.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2544.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1,552
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$499,900
-
Tax Amount
$5,224
-
Sq. Footage
2,544
-
Price/SqFt
$196
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
96
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Michael Faber , KW Empower
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
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