Description
Location and location !! Rare opportunity to own a wide 3 Story Multi-unit triplex building in the desirable Newbold. This mixed use property is zoned CMX2 and offers tremendous upside and value through adding cosmetic updating. All units feature spacious living room space, large kitchen, high ceilings, natural light, and neutral color throughout. The 1st floor is a 1 Bed/1 Bath unit with access to rear outdoor space. The 1st floor unit is renting at $700 per month. The 2nd floor is 2 Beds/1 Bath, sun-filled rooms with lots of windows, and renting at $750 per month. The 3rd floor is 2 Bed/1 Bath, kitchen and view of the city skyscraper and renting at $575 per month. The walk-out basement – Provides extra usable space for storage, a workshop, or rental income potential. Good tenants with below market rents, all tenants are on month to month. Conveniently located in the prime location, minutes from Broad Street, Passyunk Square, and major transit. Don t miss out on this incredible opportunity to update this property and increase both rent and value. Make your appointment, run your numbers, and make us an offer! Buyer is responsible for any and all due diligence. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes with OPA.
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Neighborhood & Market Insights
This property is 15.5% below the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
9.8% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
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