Fantastic multi-unit in charming Fitler Square, just a short walk from Rittenhouse Square and University City! This building offers a common area courtyard making it a nice, quiet and private oasis in the midst of the city. Unit I is a wonderful 2 bedroom, 1 bath unit with open living room, wood flooring, nice eat-in kitchen with white cabinetry, granite counters and stainless steel appliances, spacious bedrooms and an all-new contemporary bath with oversized stall shower. Units J and K are both lovely 1 bedroom, 1 bath units with spacious, bright living rooms, nice kitchen nooks, multiple closets and nice full tile baths. All units have in-unit laundry. Tenants pay own gas and electric. Owner pays water. Property is recognized by the city as a duplex however has always been used as a triplex. This is a great investment opportunity in a prime location! Rental demand has been strong and rents have consistently increased historically. A new owner could raise rents further in units J and K with just minor improvements. Unit I could also be an owner's unit for the right buyer. Operating expenses should remain low for years to come as the building is in sound condition, including up-to-date mechanical systems, premium grate drain basement drainage system (with transferable warranty), newer window system and roof, which comes with a 3 year warranty. The property is part of an HOA ($400 HOA fee per quarter) and is professionally managed. HOA fee covers expenses associated with all common elements: trash removal, walkways (including catwalks), landscaping, electric utility (lighting), liability and property insurance, snow and ice removal, etc.
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.
