Description
Investment Opportunity in North Philadelphia " Triplex with Tremendous Potential! ARV'S $260,000-$469,000Huge Property Ideal for Multi/Apartments/Income Producing Unlock the potential of this 3-story, semi-detached triplex in the heart of North Philadelphia. With three spacious residential units totaling over 3,261 square feet of above-ground living space, this property offers a rare chance to secure a versatile investment at an affordable entry point. Built in 1925, this masonry exterior property combines historic charm with the flexibility to create modern, high-demand rental units.Each of the three units boasts a functional layout ideal for a variety of tenants, whether you're catering to families, students, or professionals seeking proximity to the vibrant offerings of North Philadelphia. The building's three stories allow for separation of spaces and privacy, increasing its appeal as a multi-unit rental. Potential Cap Rate:Investors could achieve a cap rate in the 8%"12% range based on current market conditions, rental demand, and leveraging housing incentives. Major Rehab Needed. Enter at your own risk.Property is Secured. Must bring Drill to access property. 24hr notice.
-
6BEDS
-
0.09ACRES
-
3BATHS
-
01/2 BATHS
-
3,261SQFT
-
$35$/SQFT
Description
Investment Opportunity in North Philadelphia " Triplex with Tremendous Potential! ARV'S $260,000-$469,000Huge Property Ideal for Multi/Apartments/Income Producing Unlock the potential of this 3-story, semi-detached triplex in the heart of North Philadelphia. With three spacious residential units totaling over 3,261 square feet of above-ground living space, this property offers a rare chance to secure a versatile investment at an affordable entry point. Built in 1925, this masonry exterior property combines historic charm with the flexibility to create modern, high-demand rental units.Each of the three units boasts a functional layout ideal for a variety of tenants, whether you're catering to families, students, or professionals seeking proximity to the vibrant offerings of North Philadelphia. The building's three stories allow for separation of spaces and privacy, increasing its appeal as a multi-unit rental. Potential Cap Rate:Investors could achieve a cap rate in the 8%"12% range based on current market conditions, rental demand, and leveraging housing incentives. Major Rehab Needed. Enter at your own risk.Property is Secured. Must bring Drill to access property. 24hr notice.
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Burkhart Realty Group | Coldwell Banker Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-03T21:51:25.873.