Unmissable Investment Opportunity: Large Multi-Bedroom Home in Prime Philadelphia Location!
Seize this incredible investment opportunity! We're presenting a spacious property perfectly positioned for significant returns, located strategically near University City, Center City, the Philadelphia Zoo, and Fairmount Park. This highly desirable address offers unparalleled access to Philadelphia's major universities, business districts, cultural attractions, and green spaces, making it incredibly attractive to a wide range of tenants. Multi-Family Conversion Potential (RM1 Zoning): Zoned RM1 (Residential Multi-Family), this property holds immense potential for conversion into a multi-family dwelling, significantly increasing its income-generating capacity. RM1 zoning in Philadelphia is specifically intended to accommodate moderate-to-high density, multi-unit residential buildings. Prospective buyers should consult with the City of Philadelphia Department of Licenses and Inspections and/or a zoning attorney to confirm specific requirements and permitting processes for multi-family conversion, which typically include obtaining a Use Registration Permit. The property currently features 9 bedrooms and 3 full bathrooms, providing ample living space. It also boasts a private backyard and a basement, adding to its appeal and potential utility. Currently configured for short-term rentals, this property has a proven track record of generating impressive rental income, averaging $7,000+ per month. This strong performance underscores its potential as a cash-flowing asset. Enjoy seamless access to interstate highways and a wealth of city amenities, including public transportation, dining, shopping, and entertainment, enhancing its desirability for tenants.
Given the exceptional nature of this investment, proof of funds is required before any showings can be scheduled. Additionally, please be aware that room availability may be limited due to the property's current short-term rental operation. This is a serious and potentially competitive opportunity that astute investors won't want to miss! Don't let this gem slip away! Contact us today to learn more and secure your showing.
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Listing Snapshot
Price
$369,000
Days On Site
8 Days
Bedrooms
9
Inside Area (SqFt)
2,721 sqft
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1915
MLS Number
PAPH2688644
Status
Active
Property Tax
$1,913
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
6 days ago
Price changed to $369,000
6 days ago
Listing updated with changes from the MLS
a week ago
Status changed to Active
a week ago
Listing first seen on site
General Features
Acres
0.04
Cross Street
40th street
Foundation
Stone
Levels
Three Or More
Number Of Stories
3
Parking
On Street
Pets
Yes
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2721
SqFt Total
2721
Style
Other
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Gas RangeGas OvenGas Water HeaterDryerWasherRefrigeratorRange Hood
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