Prime RM1 Multi-Unit Investment Opportunity in University City! Welcome to 3813 Baring Street, a well-maintained triplex in the heart of University City, offering three income-generating rental units. Located just minutes from University of Pennsylvania, Drexel University, parks, dining, and public transportation, this property is a fantastic opportunity for investors or future owner-occupants looking for rental income.
Unit 1 is a spacious first-floor apartment with one bedroom, a bonus room, and one bathroom. The unit features hardwood floors, in-unit laundry, and a private backyard. The bonus room offers versatility and is usages mostly as a 2nd bedroom but can be home office or guest space, and the updated kitchen provides ample storage. Private back yard and Basement storage included.
Unit 2 is a cozy second-floor apartment with two bedrooms and one bathroom. This unit features laminate flooring, large windows, and a decorative faux mantle. Enjoy the convenience of central air, in-unit laundry, a modern kitchen, and a small outdoor deck – perfect for fresh air and relaxation.
Unit 3 is a charming and well-maintained studio apartment. This unit features ample natural light, laminate flooring, and an updated kitchen with plenty of storage.
This fully leased property offers a prime location with easy access to universities, Center City, and major transit routes. Don't miss out on this turnkey investment in one of Philadelphia’s most sought-after rental markets! One quarter of property management services is being offered for transfer to the new owner. Schedule your showing today!
The income description goes here to explain
List Price | $650,000 |
Property Type | Triplex (3-units) |
Usable Sqft | 2,758 |
Number of Stories | 3 stories |
Parking Spots | 0 spots |
Year Built | 1930 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 241174100 |
MLS # | PAPH2456896 |
Property ID | 293617580 |
Lot Sqft | 2,420 |
Zoning | RM1 |
Total Units | 3 |
Days on Market | 5 |
Original List Price | Unknown |
Applicances | Built-In Microwave,Built-In Range,Dishwasher,Disposal,Dryer,Energy Efficient Appliances,Refrigerator,Stove,Stainless Steel Appliances,Washer% |
Date Updated | March 28, 2025 |
Date Created | March 27, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $45,600 | $0 |
Cap Rate | 4.40% |
Deneen Sweeney an agent of Keller Williams Real Estate - West Chester. Lic #RS323144
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