Detached, 8 unit turn-key investment property with excellent income (gross rents over $132,000/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 $600-800 year. Gross Income $132,000+/year.
Property Type(s): Multi Family
|Last Updated||5/3/2021||Tract||UNIVERSITY CITY|
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|Elementary School||PENN ALEXANDER SCHOOL|
|Jr. High School||PENN ALEXANDER SCHOOL|
|LOT||4356 sq ft|
|LOT DESCRIPTION||Front Yard, Rear Yard, SideYard(s)|
|LOT DIMENSIONS||39.5 x 105.00|
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Data last updated: 5/5/21 1:53 PM PDT
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