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Multi-Family Investment Opportunity - Fully Occupied Except One Unit! This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here's what makes this property a must-see: 1st Floor Unit Spacious 2-bedroom apartment with access to a private yard. Long-term tenant (6 years) paying $800/month - well below market value, presenting an opportunity to increase rent upon lease renewal. Meticulously cared for by the tenant, with original hardwood floors adding character and charm. 2nd Floor Units Back Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month. Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value. 3rd Floor Unit 1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures. Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income. Key Features: Consistent rental income from long-term tenants. Renovation potential to boost rents and overall property value. Flexibility to adjust layouts and maximize returns. This property combines stable cash flow with opportunities for value-add improvements. Don't miss your chance to capitalize on this income-generating asset!
Property Type(s):
Multi Family
| Last Updated | 12/28/2024 | Tract | FRANKFORD |
|---|---|---|---|
| Year Built | 1925 | Community | 19124 (19124) |
| County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19124 (19124) |
| BASEMENT | Unfinished, Yes |
| HEAT | Baseboard, Electric, Hot Water |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 20.00 x 100.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Dwelling with Rental |
| SUBDIVISION | FRANKFORD |
| TAXES | 2505 |
| WATER | Public |
Location
Listing provided by Keller Williams Real Estate-Horsham
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: 1/9/25 11:47 PM PST
This IDX solution is (c) Diverse Solutions 2025.
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