Closed /
MLS #PAPH2316190 /
Commercial / Mixed Use /
PHILADELPHIA
Listing information updated 5/7/2024 at 8:01pm
Here presented to you is an opportunity to acquire a value-add investment! The building is currently set up as 6 units in the heart of University City, an ideal prospective to add to your rental portfolio. Just minutes away from the University of Pennsylvania and Drexel University, this property offers a unique opportunity to tap into the thriving student rental market. This prime location serves as a magnet for students in search of convenient and comfortable housing. The building itself spans 3 floors including the basement and attic. 3,300 Sq/Ft above grade on a 2,180 Sq/Ft lot with a 20 Ft frontage! Each unit is currently set up as a studio and 4 out of the 6 units are occupied by non-paying tenants. Ripe for upgrading rents with renovation there is upside potential. You can increase the property value and enjoy the benefits of a wise investment. The seller makes no representation on zoning or rentability and has priced property to reflect current condition.This property is located in close proximity to the bustling Baltimore Ave where you can find all types of shops and restaurants. For coffee enthusiasts you have ReAnimator coffee and Knock Box coffee located a short walk away. Some near by restaurants include Loco Pez, Abyssinia, Saads Halal and many more. There are also two parks in very close proximity which are Malcom X Memorial Park and Ben Barkan Park for those who enjoy the outdoors.This location boasts a walk score of 89 indicating that most errands can be accomplished by foot. It scored a 75 for transit showing their are plenty of options for public transportation nearby. Lastly this property has a bike score of 95 which shows the neighborhood has a great bike infrastructure. The property is being sold "AS-IS" and the buyer must verify zoning.
Listing Office: RE/MAX @ HOME
Listing Office Phone: 215.607.3535
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
