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Welcome to 2701 W Glenwood Ave - a meticulously renovated triplex offering a perfect blend of contemporary design and functionality. This property boasts a prime location with a fully updated exterior featuring brand new stucco. The second and third-floor units feature two spacious bedrooms and a generously sized bathroom, adorned with marble tiles and modern ceramic tiling. Luxurious kitchens showcase designer cabinets with sleek quartz countertops, complemented by new stainless steel appliances. Enjoy the elegance of exposed brick walls, iron railings, and the warmth of recessed lighting. Both units come complete with the convenience of washer and dryers. All mechanical systems in the property are brand new, ensuring efficient and reliable performance. The first floor is dedicated to a commercial space, perfect for various business ventures. Projected rent for the commercial space is $2,000 per month, offering a lucrative opportunity. Each unit boasts luxury vinyl plank flooring, ensuring a stylish and low-maintenance living environment. The property promises a hassle-free lifestyle with modern amenities, including iron railings and recessed lighting. A fully finished basement adds to the versatility of the space. With a projected total gross monthly rent of $5,000 and an impressive 9% cap rate, this property presents an excellent investment opportunity. Don't miss out on the chance to own a new building with a combination of residential and commercial spaces. Third floor unit currently has an active Airbnb license. Second floor unit is currently rented at $1,400 a month. Commercial space is vacant. This property won't last long in the market. Schedule a viewing today to experience the allure of 2701 W Glenwood Ave.
Property Type(s):
Commercial
| Last Updated | 8/16/2024 | Year Built | 1915 |
|---|---|---|---|
| Community | 19121 (19121) | County | PHILADELPHIA |
Price History
| Prior to Aug 16, '24 | $575,000 |
|---|---|
| Aug 16, '24 - Today | $550,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| HEAT | Electric |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 19.00 x 63.00 |
| SEWER | Public Sewer |
| TAXES | 1706 |
| WATER | Public |
Location
Listing provided by RE/MAX One Realty
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Data last updated: 1/10/25 2:05 PM PST
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