Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
5,910
Detached, 8 unit turn-key investment property with excellent income (gross rents of $129,240/year). Easy to rent and always occupied. Superb character and light throughout—exactly what tenants want in this perfect location. Both sides of a twin on a lovely Spruce Hill block in University City (Penn Alexander Catchment). This property includes four (4) two bedroom units, two (2) one bedroom units, and two (2) efficiencies. Amazing property within blocks of Clark Park and its phenomenal Farmers Market, Local 44, Bottle Shop, Green Line, ReAnimator Coffee, Knockbox Coffee, Vagrant Coffee, Taco Taco Mexican (formerly Honest Tom's), Tampopo, Pop Shop, Renata's, Clarkville, Baltimore Avenue Restaurant Row, CVS, movie theater, and much more. Walk to HUP, Penn, CHOP, Penn Vet, Drexel, University of the Sciences. 11 minutes to Center City by car and plenty of convenient SEPTA options. NOTES—257 has four units, separate gas and electricity, all updated with original hardwood floors, front garden, front porch, rear yard. 259 has four units with shared heat and hot water, separate electric. Also updated with original character, front garden, and rear yard. Basement includes two sets of coin-op washers and dryers. In 259 basement but for use of both buildings. Owned, not rented and bring in approximately $1,300 per year. Gross Income $130,000+/year.
Features & Amenities
Interior
-
Total Bedrooms
10
Area & Lot
-
Lot Features
Front Yard
-
Lot Size(acres)
0.1
-
Property Type
Residential Income
-
Architectural Style
Other
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
Financial
-
Sales Price
$1,495,000
-
Tax Amount
11398.0
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Location
County
PHILADELPHIA
Elementary School
PENN ALEXANDER SCHOOL
Middle School
PENN ALEXANDER SCHOOL
High School
Listing Courtesy of Jeffrey Block , Compass Pennsylvania, LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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