Get in early on this quadplex in the heart of the rapidly gentrifying stretch of the Girard corridor, from the Aldi at 31st Street to the trolley turn on 25th Street-check out the storefront photos attached to see the range of brewpubs, cafes, restaurants, pet grooming, tattoo parlors! Tall three story with Center City views at top of the Fairmount neighborhood. Four good sized units, three with outdoor space. Tenant paid separate utilities in each unit. Garage in rear off Harper Street. Well maintained building, current rental licenses and "lead-safe" clearances. Top floor 2 bedroom apartment newly renovated, w/d, roof deck with Center City views. Second floor has two 1 bedroom apartments, one with w/d, one with access to garage roof deck. First floor has 2 bedroom den apartment, possible front office that be rented separately. Hallway access to basement for bike and other storage. Net income cap rate around 6.5%. Get this solid investment to balance portfolio and hedge against stock market losses. The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Office Compass Pennsylvania, LLC, 2674358015
Updated 3:17AM - 6/26/2022
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