2,400 Sqft Lot
2,400 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 2,400 Sqft
MLS Listing ID PAPH2594680
Financing Cash,Conventional
Total Units 5
Short Sale No
Originating MLS BRIGHT
Property Description
The property has been recently renovated with approximately 80% of the work completed, leaving only some additional work needed to make the units fully rent-ready. This makes it an excellent opportunity for investors looking for a light rehab project in a high-growth area. Once the remaining work is completed and the units are leased, the property has strong potential to become a solid performer in any rental portfolio.
The building currently consists of (1) studio unit, (3) one-bedroom one-bath units, and (1) two-bedroom one-bath unit. Each unit has been updated with laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and mini-split systems for heating and cooling. The front and rear units on the second floor feature private decks, providing desirable outdoor space that enhances the appeal and marketability of those apartments. All units are fully electric and individually metered, making tenant billing and utility management simple and cost-efficient.
The projected rental income for the one-bedroom one-bath units is approximately $1,200 per month, while the two-bedroom one-bath unit is projected at $1,300 per month. At those rental rates, the property could generate approximately $6,100 per month or $73,200 annually in gross income. This represents an excellent opportunity to achieve a strong return on investment with significant upside potential. The property is being sold “AS-IS.” The seller will not make any repairs, and no city certificate will be provided to the buyer.
Conveniently situated with a Walk Score of 86, the location offers excellent accessibility, allowing most daily errands to be completed without a car. Chelten Avenue Station on the Chestnut Hill West Line is just 11 minutes away, providing convenient access to Center City Philadelphia. Nearby recreational options include Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park, offering great outdoor spaces for relaxation and activities.
Whether you are an investor seeking a high-performing multi-unit property, a contractor ready to complete the remaining work, or a buyer interested in living in one unit while renting the others, this Germantown multi-family property offers space, income potential, and a prime location in one compelling package. Schedule your showing today.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ductless/Mini-Split
Inclusions Refrigerator, Oven Range-Electric, Dishwasher, Built-In Microwave, Washer & Dryer
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 1
Waterfront N
Water Access N
View Street
Accessibility 2+ Access Exits
Parking Type Private Garage
Total Parking Spaces 1
Building
New Construction N
Lot Dimensions 25.00 x 96.00
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax Amount $5,249
Tax Year 2025
Tax ID 124112500
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Special Sale Standard
