Price
$ 500,000

420 W SCHOOL HOUSE LN, Philadelphia, PA 19144  
  • 0 beds

420 W SCHOOL HOUSE LN, Philadelphia, PA 19144  

Investor or owner/occupant opportunity! Handsome Germantown stone detached Victorian 3-story home divided sensibly into 5 separate apartments: three 2 bedroom apartments, two 1 bedroom apartments. Positive cash flow even with current under market rents. Fully occupied with super tenants. Gas hot water heat included in the rents for the apartments 4 of which enter via large first floor foyer. 5th apartment has separate entrance. Fireplaces crown moldings high ceilings so many gorgeous Victorian details including open front porch. Lots of gardens in front and rear and rear yard huge. Property 1/4 acre stretching 240' from front to rear. N.B. lease for apt #5 on 3rd floor is for $970 however tenant pays $870 and takes care of putting out trash shoveling snow mowing lawn and sweeping common halls and steps. All tenants pay electric and cooking gas on top of rent. Two gas boilers both brand new! Common laundry in basement. Basement full clean high ceilinged. Easy access to bus commuter rail. 10 minute drive to Center City. Short hike to the Wissahickon! Great property! Never without tenants.

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Listing Type
Single Family
Listing ID
7081138
Bedrooms
0
Lot Size
0.26 acres
Listing Status
Active
Year Built
1897
County
Philadelphia
Subdivision
Germantown
County School District
Elem: Philadelphia City, Middle: Philade
Zoning
RSA3
Listing courtesy of BHHS Fox & Roach-Chestnut Hill
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