229-31 N 65TH STREET
Property Description
Exceptional income-producing quadplex located just minutes from the University of Pennsylvania and the heart of University City. This investment opportunity features four residential units, including three renovated 1-bedroom, 1-bath apartments that have historically leased for $1,200&$1,500 per month, and a spacious 3-bedroom, 3.5-bath unit that was leased for $2,400 per month. Three of the four units have been updated, while the remaining unit offers value-add potential through renovation. The property also includes a large detached garage that generated an additional $1,200 per month in rental income. With a total monthly income potential of approximately $7,200&$7,400, this property presents an outstanding opportunity for investors seeking strong cash flow in one of Philadelphia's most desirable rental markets, close to major universities, hospitals, public transportation, and neighborhood amenities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $475,000 |
| Year Built: | 1925 |
| Lot Size: | 5,000.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2640954
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