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Turnkey Investment Opportunity in West Philadelphia This updated 3-bedroom, 1-bathroom home offers 1,215 square feet of rental-ready living space and is currently leased through the Philadelphia Housing Authority (PHA), generating a reliable annual rent roll of $20,280.00 with room to increase as the current PHA standard is $2,136/mo. Renovated in 2022, the property features major capital improvements, including a new roof, fresh interior and exterior paint, updated kitchen and bathroom, new appliances, new flooring throughout, and a new water heater. Minimal maintenance is expected in the near term, making this a low-risk, high-yield addition to any portfolio. Located just minutes from public transportation, University City, local parks, and neighborhood amenities, this property is ideally situated for strong long-term tenant demand. The PHA lease ensures consistent monthly income with government-backed security. Whether you're a seasoned investor or looking to start building passive income, this property checks all the boxes.
Property Type(s):
Condo/Townhouse/Co-Op
| Last Updated | 4/15/2025 | Tract | MILL CREEK |
|---|---|---|---|
| Year Built | 1925 | Community | 19131 (19131) |
| County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | 19131 (19131) |
| BASEMENT | Full, Yes |
| HEAT | Natural Gas, Radiant |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 15.00 x 80.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Straight Thru |
| SUBDIVISION | MILL CREEK |
| TAXES | 1491 |
| WATER | Public |
Location
Listing provided by KW Empower
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: 4/15/25 7:54 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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