Welcome to 267 S 9th Street, a historic quadplex in the Washington Square neighborhood in Center City Philadelphia. The property has been well maintained and is currently fully leased. Comprising four units, one large 1BD 1BA which can be converted into a 2BD 2BA, two additional 1bd 1ba units, and one 2bd 1.5BA units and situated next to Penn Hospital there is never a shortage of tenants. The property presents a unique value add opportunity. New ownership could opt to create a fifth unit by right given the zoning and square footage of the lot, or add light upgrades to the existing units (washer dryers, updated finishes etc.) and increase rents. There is also an option (through a separate transaction) to take over two 80 year leases on parking spaces across the street in a garage. The property has central air and HVAC for each unit, outdoor space for each unit, an exterior fire escape, roof deck, and back yard, as well as a full unfinished basement currently being used for tenant storage and laundry. This is an incredible opportunity to create value in one of Philadelphia's most desirable neighborhoods.
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.
