Prepare to be wowed by this truly incredible opportunity in one of the most attractive locations in Philadelphia!!! From the elaborate bay windows and decorative wrought iron windows to the fantastic outdoor spaces, this is not your cookie cutter Philadelphia townhouse. You~ll find this magnificent, four unit building on a beautiful, tree lined street in the heart of the historic and highly desirable Spring Garden/Art Museum area. Surrounded by University City, the Center City business district, Temple, public transit, and major highways, this neighborhood enjoys some of the strongest, most consistent rental demand in the city. The property also boasts an expansive, extra wide and deep (18~x 91~) lot unique to the area. As an investment, this turnkey property is value priced and ready to generate immediate income supported by a proven rental history. But the exciting opportunity lies in the potential to significantly increase the property~s value and revenue with additional capital investment. In other words, this is a rare opportunity to affordably buy into a premium location where similarly sized newly built and renovated properties are selling for almost double this price. Future possibilities are endless- convert to condos for resale, owner occupy, develop for increased revenue, or rent as-is for immediate income! Units #1, #3, and #4 are ready for immediate occupancy and offer large, bright windows, hardwood floors, updated modern kitchens, stainless steel appliances, and unique features such as sleeping lofts, striking window seats, historic woodwork, incredible wrought iron windows, and a large, third floor deck with impressive views of the Philly skyline. Unit #2 is a bi-level, 2 bedroom apartment with an exclusive backyard and second floor deck that would make a perfect owner~s unit or excellent rental opportunity. This unit is a partially raw space and offers compelling options as a blank canvas. Projected monthly rental income:Unit #1 (Studio): $1000Unit #2 (2 Bedrm): $2200Unit #3 (Studio): $1200Unit #4 (1.5 Bedrm):$1800 All units are separately metered (electric and natural gas). An unfinished, full height basement presents further development potential to expand the first floor studio into a bi-level 1 bedroom doubling that unit~s rental income. 2019-12-23
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
