Description
This exceptional triplex investment opportunity is located just one block from Girard Avenue in the highly desirable Fairmount neighborhood of Philadelphia. Fully leased and generating $5,000 in monthly rental income, the property features three modern units with high-end finishes and strong tenant appeal. Unit A is a bi-level 2-bedroom, 2-bathroom apartment on the first floor, currently rented for $1,900/month. Unit B, located on the second floor, is a 1-bedroom, 1-bathroom unit rented for $1,300/month. Unit C sits on the third floor and includes 2 bedrooms, 1 bathroom, and a private rooftop deck, rented at $1,800/month. Tenants are responsible for all utilities, while the owner covers only hallway lighting and sprinkler water, minimizing ongoing expenses.All three units feature open kitchens with modern quartz countertops, stainless steel appliances, French door refrigerators, 42†cabinets, and breakfast bars. The interiors boast solid birch hardwood flooring, Honeywell Wi-Fi-controlled thermostats, and a video-monitored intercom system. Built new and completed in late 2017, the property benefits from a 10-year tax abatement in place through 2027, offering continued savings for investors.Located in one of Philadelphia’s most vibrant and walkable neighborhoods, the property is just steps from public transit on Girard Avenue, minutes from I-76, and a short walk to the Philadelphia Museum of Art, restaurants, shops, and green spaces. This is a rare opportunity to own a well-maintained, income-producing property in a prime location with minimal operating costs and significant long-term investment potential.
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0BEDS
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0.02ACRES
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0BATHS
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01/2 BATHS
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2,469SQFT
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$324$/SQFT
Description
This exceptional triplex investment opportunity is located just one block from Girard Avenue in the highly desirable Fairmount neighborhood of Philadelphia. Fully leased and generating $5,000 in monthly rental income, the property features three modern units with high-end finishes and strong tenant appeal. Unit A is a bi-level 2-bedroom, 2-bathroom apartment on the first floor, currently rented for $1,900/month. Unit B, located on the second floor, is a 1-bedroom, 1-bathroom unit rented for $1,300/month. Unit C sits on the third floor and includes 2 bedrooms, 1 bathroom, and a private rooftop deck, rented at $1,800/month. Tenants are responsible for all utilities, while the owner covers only hallway lighting and sprinkler water, minimizing ongoing expenses.All three units feature open kitchens with modern quartz countertops, stainless steel appliances, French door refrigerators, 42†cabinets, and breakfast bars. The interiors boast solid birch hardwood flooring, Honeywell Wi-Fi-controlled thermostats, and a video-monitored intercom system. Built new and completed in late 2017, the property benefits from a 10-year tax abatement in place through 2027, offering continued savings for investors.Located in one of Philadelphia’s most vibrant and walkable neighborhoods, the property is just steps from public transit on Girard Avenue, minutes from I-76, and a short walk to the Philadelphia Museum of Art, restaurants, shops, and green spaces. This is a rare opportunity to own a well-maintained, income-producing property in a prime location with minimal operating costs and significant long-term investment potential.
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