Opportunities to own a turn key triplex (3 units) in the booming FRANCISVILLE neighborhood of Philadelphia do not come around often. This recently renovated 3 story brick row home sits on a 17 by 100, RM1 lot allowing 4 units by right and having an unfinished basement you could easily finish the space to increase rent and Net Operating Income or add coin operated laundry to add $75/month! Unit 1 is a recently updated 2 bed, 1 bath, currently rented for$1495 with LARGE PRIVATE backyard space. Unit 2 (recently updated in the last 3 years) and Unit 3 are both 2 bed, 1 bath units rented for $1450 and $1385/month. Each unit is rented under market value by $100-200/month giving the new owner the opportunity to increase rents upon lease renewal. This property is surrounded by 3 commercial veins; Fairmount Ave, Girard Ave, and Ridge Ave setting the stage for large increases in rental pricing for years to come. Also note that average sales price in the neighborhood has gone up by roughly 7% over the last 5 years!!! (Statistics pulled from Bright MLS). Lastly do not miss all the restaurants and bars like TELAS CAFE, The Greyhound Cafe, Fare, OCF Coffee House, Urban Saloon, Fairmount Hardware, Rite Aid, Bar Hygge, and Francisville Playground. Reach out for a private showing!
Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th May, 2022 8:53 AM (UTC)