A rare find in university City: Victorian Corner mansion being used as a 4-5-bedroom rental with most of the original details in place. Original hardwood floors, wood wainscoting, hand crafted center staircase, armoires and so much more, PLUS an adjacent 3 unit, 2bedrooms in each unit PLUS a detached garage with an access from Haverford Street. Current rental income on the triplex can easily be increase by at least 30% by adding value to the units. They are 2 bedrooms, separated by a large living space and dining and kitchen. The corner Victorian has 3 levels with windows on three sides of the building. Views of City Hall can be seen from the round corner on all three levels. Four levels with windows on three sides. Of the building. There is a large courtyard surrounded by our buildings and the garage.Super University City location at the corner of 40th and Green, two blocks off Lancaster. Close to The Fencing Academy of Philadelphia, Buckley Field, Drexel Softball Field, Penn Presbyterian Medical Center, Saunder's Park and the University City Science Center. The large Victorian has 4 bedrooms and the living room has been converted from living room to be used as a 5 bedroom currently. Granite kitchen, Stainless appliances. The future of this complex could be a owner~s home in the Mansion and then maintaining the three unit as an income producing property. This Three Unit needs a little upgrading, which will allow raising rents, pushing up your return on investment. Tenant occupied, so 24 hours notice will be necessary., This Classic won't last!! Current cap rate (units are under-rented now) is 4.5%. If you did a value-add, you may find a 7.2 % .
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.
