Wonderful opportunity for the Owner-Occupant and Investor alike! This Northwood neighborhood triplex is well-maintained, income-generating, and has 1 unit available if you want to move in or select your next tenant. Revenue-generating ideas include adding coin-operated laundry or storage to the basement for the tenants, separating the heat/hot water utilities, or perhaps even adding central air. Unit 1 is a 2-bedroom, bi-level unit that expands across the entire 1st floor plus the front room on the 2nd floor and with exclusive access to the unfinished basement. Unit 2 is a 1-bedroom that occupies the rear portion of the 2nd floor. Unit 3, also a 1-bedroom, occupies the 3rd floor. Current rents/lease end dates are: Unit 1 $1100 (good through 10/31/2024); Unit 2 $1120 (good through 5/31/2024); Unit 3 is vacant. Area rentals are approximately $875 for a 1 bedroom of its size; or if you seek PHA approval like the current owner did, you could get $1200+ for the unit. [Please inquire of PHA to verify this for yourself.] A large backyard makes urban living a breeze. Start planning your Memorial Day BBQ today! Not only a great home or investment, but it’s conveniently located, too. Just an 8-minute walk to the Arrott Station for the Market-Frankford El and a 9-minute drive to I-95, Jefferson Frankford Hospital, ShopRite, Target, and The Home Depot! 24-hour notice is needed to show, so get scheduled to show as soon as possible so your buyer doesn’t miss out on this great property.
Property Type :
Multi-Family
Subdivision :
Northwood
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/08/2024 @ 04:33
MLS: PAPH2321120
LISTED BY: Stacy L Sanseverino , KW Empower
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
