Property
Beds
4
Full Baths
2
1/2 Baths
1
Year Built
1925
Sq.Footage
2,160
Turnkey Investment with Immediate Cash Flow! Positioned along a high-visibility corridor in Philadelphia, 1201 E Lycoming St presents a compelling income-producing opportunity with a strong unit mix and immediate revenue in place. This four-unit property includes three residential units and one street level store-front unit, creating multiple income streams within a single asset. The residential component consists of one 1-bedroom unit, one studio-style 1-bedroom unit, and one 2-bedroom unit. The street-level unit benefits from strong visibility and direct access, offering flexibility for a variety of permitted uses subject to buyer verification. The property generates in-place income with the street-level storefront and studio leased together for $1,135 per month, while the 2-bedroom residential unit is leased at $725 per month. The 1-bedroom residential unit is currently vacant, with a projected market rent of approximately $725 per month. For investors seeking an income-producing asset with existing cash flow and room for future value enhancement, this property represents a strong addition to a Philadelphia investment portfolio! Zoning to be verified by buyer.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
-
1/2 Bathrooms
1
-
Above Grade Finished Area
2160.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Main Level Bedrooms
2
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Unit/Flat
Price
-
Sales Price
$299,900
-
Tax Amount
$1,507
-
Sq. Footage
2, 160
-
Price/SqFt
$138
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Concrete Perimeter
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
111
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Darwin Laureano , EXP Realty, LLC
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Owner, Chief Executive Officer, Portfolio Advisor
Todd Polinchock
Call Todd today to schedule a private showing.
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