Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant
This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income.
Current Rents:
2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen
1st Floor (2BR): $1,650/month – reliable PHA tenant
Lower Level (2BR): $1,450/month – reliable PHA tenant
Total: $4,800/month
Upside Potential:
All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval.
Features:
On-site laundry machines
Updated fire alarm system
Current rental license
Vacant 2nd floor ready to lease at market rate
Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$364,900
Days On Site
51 Days
Bedrooms
6
Inside Area (SqFt)
2,226 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1915
MLS Number
PAPH2666240
Status
Active Under Contract
Property Tax
$3,047
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.