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Investment Triplex with Reliable Income & Development Potential! Fantastic investment opportunity with this fully rented triplex on an oversized lot, offering additional potential for future development (buyer due diligence required). The property includes three separate units: a large 5-bedroom unit with a kitchen and bathroom, and two 1-bedroom/1-bath units with kitchens. Additional features include a garage accessible from the rear alley under the deck. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $2,200 ($26,400 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing for each unit, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 1221 Wagner Ave, Philadelphia and 3539 N Marvine St, Philadelphia which is producing a combined $69,600 annually. The asking price for all 3 properties is $600,000.
Property Type(s):
Multi Family
| Last Updated | 1/7/2025 | Tract | OLNEY |
|---|---|---|---|
| Year Built | 1930 | Community | 19141 (19141) |
| Garage Spaces | 2.0 | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Price History
| Prior to Dec 17, '24 | $229,000 |
|---|---|
| Dec 17, '24 - Dec 19, '24 | $228,999 |
| Dec 19, '24 - Dec 24, '24 | $228,998 |
| Dec 24, '24 - Dec 26, '24 | $228,997 |
| Dec 26, '24 - Dec 28, '24 | $228,996 |
| Dec 28, '24 - Jan 3, '25 | $228,995 |
| Jan 3, '25 - Jan 7, '25 | $228,994 |
| Jan 7, '25 - Today | $228,993 |
Additional Details
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Gas Oven, Gas Range, Refrigerator |
| AREA | 19141 (19141) |
| BASEMENT | Yes |
| EXTERIOR | Barbecue |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | 38.00 x 90.00 |
| PARKING | On Street, Attached |
| SEWER | Public Sewer |
| STYLE | Straight Thru |
| SUBDIVISION | OLNEY |
| TAXES | 2794 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
Location
Listing provided by Keller Williams Realty - Moorestown
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 4:37 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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