FOR SALE: 427 N Simpson St, Philadelphia, PA 19151
Asking Price: $299,000
Huge Investment Opportunity or Perfect Owner-Occupant Triplex!
Unlock the potential of this massive, legally zoned triplex in the heart of the 19151 zip code. Whether you are looking for a high-yield addition to your portfolio or a way to "house hack" by living in one unit and letting the other two pay your mortgage, this property is a rare find. It is also an ideal setup for generational housing, providing independent living spaces under one roof.
Unit Breakdown:
* 2nd Floor – Modern & Turnkey:
Fully renovated in 2019, this unit features contemporary finishes throughout. Highlights include engineered high-gloss flooring, updated cabinetry, and stylish butcher block countertops. Perfect for a mid moderate rental or owner’s suite.
* 1st Floor – Spacious & Updated:
A large 1-bedroom footprint (approx. 888 sq ft) with a functional layout. Features newer updates including brand-new carpeting and a recently replaced water heater, ensuring lower maintenance costs for the new owner.
* Basement Apartment – Value-Add Potential:
Currently undergoing renovations. This unit is being transformed into a modern 1-bedroom, open-concept living space. All the "heavy lifting" is being done for you:
* updated electric
* New tile shower
* update heating and A/C
* In-unit washer/dryer hookups
Key Features & Highlights:
* Zoning: Legal Triplex.
* Mechanicals: Significant upgrades to the basement unit infrastructure provide long-term peace of mind.
* Flexibility: Deliver vacant or rent out immediately upon completion of renovations.
* Location: Situated on a quiet block with easy access to public transit, local shopping, and the amenities of West Philadelphia and Overbrook.
Note: Renovations on the basement unit are currently in progress. More pictures are forthcoming as work continues.
Don't miss out on this 2,550+ sq ft powerhouse. Schedule your showing today and see the value for yourself!
132 days
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239
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7
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Listed by:
Property Owner(215) 878-7653
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.