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
$739,000
Days On Site
24 Days
Bedrooms
7
Inside Area (SqFt)
4,200 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
2024
MLS Number
PAPH2682788
Status
Active
Property Tax
$657
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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Recent Activity
3 days ago
Listing updated with changes from the MLS
4 days ago
Status changed to Active
3 weeks ago
Listing first seen on site
General Features
Foundation
Other
Parking
None
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4200
SqFt Total
4200
Style
Other
Water Source
Public
Zoning
MULTI-FAMILY
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirElectric
Heating
ElectricForced Air
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Exterior Features
Construction Details
Other
Pool Features
None
Community Features
MLS Area
19104 (19104)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX Preferred - Cherry Hill
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