INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Four-unit building, 8 bedrooms and 7 bathrooms across 3,222 sq ft. Three of the four units renovated in 2017. Fully leased through July 2027 — no lease-up exposure for an incoming owner. No tax abatement: assessed at full value, so no step-up risk on expiry.
Unit 1 — 3 bed / 3 bath, renovated 2017, $1,725/month
Unit 2F — 1 bed / 1 bath, renovated 2017, $1,050/month
Unit 2R — 1 bed / 1 bath, $775/month
Unit 3 — 3 bed / 2 bath, renovated 2017, $1,100/month
Gross rental income of $55,800 for the 26/27 season, up from $52,800 in 25/26. Unit 1 is a 3 bed / 3 bath with an ensuite bathroom to every bedroom — a 1:1 ratio in the building's largest unit. In-unit washer and dryer in Units 2 and 3. Unit 2R is the one unit not renovated and currently rents $275 per month below the comparable Unit 2F. Unit 3 is leased to a group of two, leaving one bedroom unoccupied. Lowest price per square foot of the multi-unit properties in this package. All figures subject to independent verification.
This property is offered individually and as part of a Temple University area package under single ownership. Package details and offering memoranda available from the listing agent.
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Listing Snapshot
Price
$424,900
Days On Site
4 Days
Bedrooms
8
Inside Area (SqFt)
3,222 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1915
MLS® Number
PAPH2668030
Status
Active
Property Tax
$7,962
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.03
Cross Street
NORRIS STREET
Foundation
Brick/Mortar
Parking
On Street
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
3222
SqFt Total
3222
Style
Other
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirWindow Unit(s)Electric
Heating
ElectricNatural GasForced Air
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Exterior Features
Pool Features
None
Community Features
MLS Area
19121 (19121)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut