Investment Triplex with Reliable Income & Development Potential! Fantastic investment opportunity with this fully rented triplex on an oversized lot, offering additional potential for future development (buyer due diligence required). The property includes three separate units: a large 5-bedroom unit with a kitchen and bathroom, and two 1-bedroom/1-bath units with kitchens. Additional features include a garage accessible from the rear alley under the deck. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $2,200 ($26,400 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing for each unit, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 1221 Wagner Ave, Philadelphia and 3539 N Marvine St, Philadelphia which is producing a combined $69,600 annually. The asking price for all 3 properties is $600,000.
The income description goes here to explain
List Price | $228,988 |
Property Type | Triplex (3-units) |
Usable Sqft | 1,600 |
Number of Stories | 0 stories |
Parking Spots | 2 spots |
Year Built | 1930 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 492165500 |
MLS # | PAPH2415184 |
Property ID | 295745689 |
Lot Sqft | 3,383 |
Zoning | RSA3 |
Total Units | 3 |
Days on Market | 152 |
Original List Price | Unknown |
Applicances | Water Heater,Stove,Oven/Range - Gas,Intercom,Range Hood,Refrigerator% |
Date Updated | February 28, 2025 |
Date Created | October 31, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $26,400 | $0 |
Austin Cennimo an agent of .
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