With potential annual gross rental income of $81,600 at full occupancy, 3414 Spring Garden Street offers a three-unit investment opportunity in Philadelphia’s Mantua neighborhood. This triplex features 3,214 square feet of assessor-reported living space, with 11 bedrooms, eight full bathrooms, and one half bathroom across one five-bedroom apartment and two three-bedroom apartments. Projected monthly rents of $3,000, $1,800, and $2,000 total $6,800 per month before expenses.
Located one block from Drexel University and a few blocks from the University of Pennsylvania, the property offers a convenient setting for student-housing investors and Drexel parents considering a purchase near campus. The layout also offers the potential to occupy the five-bedroom apartment while renting the two three-bedroom apartments, subject to existing leases.
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Listing Snapshot
Price
$749,000
Days On Site
17 Days
Bedrooms
6
Inside Area (SqFt)
3,214 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.09 Acres
Year Built
1920
MLS Number
PAPH2678916
Status
Active
Property Tax
$16,304
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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