Remarks

Investor Alert! 5 unit building in University City, in the Squirrel Hill section, with active rental license/zoning. All separate utilities except hot/cold water. Many renovations, including 4 newer kitchens with appliances and 5 newer baths, 3/8" vinyl flooring in units and some new plumbing and electric, all redone in 2022. Two heat forced air furnaces and all electric baseboard heat replaced in 2024/25. All units have A/C with either C/A or mini-splits and one window unit. Laundry in basement.
Three 1BR/1BA, one 1BR/1BA w/office and one studio. Building is currrently fully leased with a total current annual revenue of $64,260.00.
Units currently rented below market valule due to mostly winter leases, providing future upside. Great value-add opportunity with garage parking and potential room for paid parking in rear. Garage marketed as-is.
Convenient to Penn, Drexel and Univerity of the Sciences. # 13 trolley stops in front of building and a commuter train is one block away.

Details

MLS#: PAPH2466624
Price: $669,000

Year Built: 1900

County: PHILADELPHIA
Tax Fee: 6664.0