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CASH COW - 125k/yr income, 75K per year Profit. Introducing an incredible investment opportunity: a newly renovated (2022) Triplex with a short-term rental business included. This turnkey property is perfect for savvy investors seeking excellent cash flow. No experience is necessary - the owner has a long-term and established management team in place (cleaners, contractors, property manager) and spends about 1 hour a month in the business. The owner is relocating, opening the door for you to take advantage of this amazing deal. Imagine the potential in today's competitive real estate market! This property has recently undergone significant upgrades to its main systems, ensuring low capital expenditures in the foreseeable future. With a new roof, central plumbing line, fortified foundation, a fire alarm system with an active certificate, and HVAC mini splits in each unit, you can rest assured that the property is in excellent condition. Additionally, each unit has been meticulously remodeled in 2022, featuring luxury finishes such as beautifully tiled bathrooms with semi-frameless showers. The kitchens are stunning, boasting white quartz countertops, new cabinets with brass accents, and stylish tile backsplashes complemented by stainless steel appliances. The units are also equipped with recessed lighting and durable luxury vinyl plank flooring throughout. Plus, it has a 10 YEAR TAX ABATEMENT starting in 2022! As an added bonus, the sale includes an impressive short-term rental business. Over the past 12 months, the property has maintained an outstanding 85.5% occupancy rate, with guests staying an average of 2.3 days and paying a daily rate of $99.80. Don't worry if you're new to the short-term rental industry"”the current owner is willing to provide 30 days of guidance at no additional cost to ensure a seamless transition. Every unit in this property is beautifully decorated and fully furnished. The kitchens come fully stocked with pots, pans, plates, and silverware, while the bedrooms are supplied with linens and towels"”everything you need to continue running the successful short-term rental operation. The entire property is monitored by a state-of-the-art Vivint security system, enabling remote property monitoring and convenient remote check-ins for guests. Additionally, there's a convenient supply shed at the back of the property containing washers, dryers, and cleaning supplies, facilitating efficient turnover between guests. The property has already secured bookings well in advance, and these future booking receivables are included in the sale. The owner currently resides in the first-floor unit but is flexible with showings. Serious buyers will have access to view the second and third-floor units. Don't miss out on this exceptional opportunity"”it's truly one-of-a-kind and won't be available for long. Contact us now to secure your future in the thriving real estate market.
Property Type(s):
Multi Family
| Last Updated | 1/7/2025 | Year Built | 1875 |
|---|---|---|---|
| Community | 19125 (19125) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|---|
| Elementary School | BROWN HENRY |
| High School | KENSINGTON |
Price History
| Prior to Dec 7, '24 | $699,900 |
|---|---|
| Dec 7, '24 - Dec 24, '24 | $699,000 |
| Dec 24, '24 - Dec 29, '24 | $698,000 |
| Dec 29, '24 - Jan 7, '25 | $699,000 |
| Jan 7, '25 - Today | $680,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Washer |
| AREA | 19125 (19125) |
| BASEMENT | Unfinished, Yes |
| HEAT | Baseboard, Electric |
| LOT | 871 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 18.00 x 50.00 |
| SEWER | Public Sewer |
| STYLE | Traditional |
| TAXES | 3219 |
| UTILITIES | Cable Available, Natural Gas Available |
| WATER | Public |
Location
Listing provided by Integrity Real Estate Associates LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 4:16 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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