Smart investors won't want to miss this opportunity or Owner Occupant with a versatile three-unit property offering immediate rental income. Two units are currently rented with annual leases in place, while the third unit is vacant and ready for an owner occupant or new tenant. The property boasts an attractive 11% cap rate, making this an opportunity worth serious consideration for investors. Highly desirable off-street parking is a major advantage, plus, the property is located at the end of an alley. Economical natural gas heat helps keep operating costs manageable. Additional flexibility can be found in Unit 1, where the third-level attic offers potential for a home office or additional usable space. The partial lower level features a tub/shower and toilet rough-in, with an efficiency-style space already started—buyer to verify zoning and approvals for any additional dwelling unit. Location, location, location adds even more value, with a SEPTA bus stop just two or three doors away and the train station less than one mile from the property. The Northeast Tower Center is 200 feet away, offering convenient access to numerous retailers and restaurants, including Old Navy, Home Depot, Chick-fil-A, Panda Express, Walmart, and many more. With multiple income possibilities, desirable parking, convenient transportation, and an unbeatable location with shopping just steps away, this property offers investors an excellent combination of current income, flexibility, and future potential.
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Listing Snapshot
Price
$250,000
Days On Site
2 Days
Bedrooms
3
Inside Area (SqFt)
2,448 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1 Acres
Year Built
1925
MLS® Number
PAPH2669662
Status
Coming Soon
Property Tax
$3,758
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Invite
Recent Activity
2 days ago
Listing updated with changes from the MLS®
2 days ago
Listing first seen on site
General Features
Acres
0.1
Cross Street
Summerdale
Foundation
Concrete PerimeterStone
Parking
Off StreetOn StreetAlley AccessOtherDriveway
Parking Spaces
2
Property Sub Type
Triplex
Security
Security Lights
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2448
SqFt Total
2998
Style
Side-by-Side
Utilities
Natural Gas AvailableSewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
RSA3
Interior Features
Appliances
Double OvenCooktopElectric Water HeaterExhaust FanStainless Steel Appliance(s)Water HeaterMicrowave