Description

207 N 63rd Street is a turn key, rent ready 7-unit multifamily building offering strong in-place income with additional development upside in West Philadelphia’s Cobbs Creek/Haddington corridor. The property features two 2-bedroom, 1-bath units and five 1-bedroom, 1-bath units, with all seven units currently operating as a furnished mid-term rental program generating $10,300 per month gross income. For investors seeking a traditional multifamily model, the property also offers a long-term rental pro forma of approximately $8,100 per month. With no long-term leases to assume, the next owner has flexibility to continue the existing operation or transition the building to conventional multifamily use. The building has been thoughtfully updated with a new roof, updated mechanical systems, finished kitchens, updated bathrooms, and design-forward accent finishes throughout. The units are fully furnished and rent-ready under the current boutique rental program, creating a seamless opportunity for an investor looking to continue the existing cash-flowing operation. The current operating structure may also be transferable, including pricing strategy, rental platform setup, cleaning vendors, and turn protocols. The lot goes street-to-street with a 225' deep lot, which may support a potential development opportunity to build an additional apartment building behind the existing structure, subject to buyer verification of zoning, approvals, and feasibility. This creates a unique opportunity to acquire stabilized in-place income while exploring future development potential. Located near the Market-Frankford Line at 63rd and Market Station, the property offers convenient access to Center City, University City, Drexel, Penn, CHOP, and surrounding employment and education hubs. Available individually or as part of a package with 211 N 63rd Street, a 5-unit property listed separately for $490,000. Tours by appointment with 48 hours’ notice.