Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1889
Sq.Footage
2,535
Turnkey 4-unit Victorian quadruplex in the heart of Cedar Park, one of West Philadelphia's most durable rental submarkets. Built in 1889 and extensively updated: all four rental units remodeled within the last five years, HVAC and water heater replaced within last three. Approximately 2,535 rentable SF across four units, including a stunning 1BR/2BA owner's unit. In-place gross rent is $3,175/month with Unit 1 owner-occupied. Bringing the building to market takes stabilized gross rent to $5,350/month, a 69% lift, and a 7.58% pro forma cap rate at list price. Near-zero vacancy history. Steps to Baltimore Avenue and Clark Park, with trolley access on Routes 34 and 13 and roughly three miles to Center City. Walkable to the University City hospital systems, UPenn, Drexel, and St. Joseph's. Four-unit classification keeps it eligible for conventional, FHA, and VA financing, so owner-occupants and investors both qualify. Full rent roll and financials available on request.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
2535.0
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1,950
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Victorian
Price
-
Sales Price
$649,000
-
Tax Amount
$6,499
-
Sq. Footage
2,535
-
Price/SqFt
$256
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Michael Dean Outten, Keller Williams Liberty Place
RealHub 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.