FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENT
An exceptional opportunity to acquire a fully occupied, high-yielding multi-family property situated in a premier Philadelphia rental corridor, mere steps from Drexel University and the University of Pennsylvania. Boasting immediate cash flow, an advantageous tax abatement, and an ideal location near Penn Presbyterian Hospital, this asset delivers everything investors seek: strong yield, superior condition, and sustained appreciation potential.
PROPERTY & UNIT HIGHLIGHTS
This modern triplex offers three luxury, condo-grade apartments designed with open layouts, elevated finishes, rustic flooring, and modern kitchens with stainless steel appliances.
Unit 1: 3 Bedrooms / 3 Bathrooms with a private rear patio.
Unit 2: 2 Bedrooms / 2 Bathrooms.
Unit 3: 2 Bedrooms / 2 Bathrooms with exclusive access to a private rooftop deck.
INVESTOR-FRIENDLY UTILITIES & OPERATION
Each residence is equipped with individual HVAC and water heating systems, in-unit laundry, en-suite bathrooms, and separate meters for gas and electricity. This independent utility setup minimizes operational overhead and simplifies management.
LOCATION & DEMAND
Located within walking distance of higher education institutions, medical centers, public transit, and the dining, retail, and nightlife along Lancaster Avenue, this property maintains strong tenant demand among students, faculty, and healthcare professionals. Fully tenanted with a 2-year history of reliability, this turnkey investment provides immediate income, tax benefits, and long-term stability.
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Listing Snapshot
Price
$759,000
Days On Site
3 Days
Bedrooms
7
Inside Area (SqFt)
4,200 sqft
Total Baths
7
Full Baths
7
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
2024
MLS® Number
PAPH2675924
Status
Active
Property Tax
$657
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 days ago
Listing first seen on site
3 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.03
Foundation
Other
Levels
Three Or More
Parking
None
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4200
SqFt Total
4200
Style
Straight Thru
Water Source
Public
Zoning
RSA5
Interior Features
Appliances
Gas Water Heater
Basement
Finished
Cooling
Central AirElectric
Heating
Natural GasForced Air
Main Level Bedrooms
3
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Exterior Features
Pool Features
None
Community Features
MLS Area
19104 (19104)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX Preferred - Cherry Hill
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