188 GREEN LANE
Property Description
7.3% Projected Cap Rate! Stop what you are doing and schedule a tour of this rarely offered turnkey porch-front triplex steps from bustling Main Street in Manayunk. Finding tenants in this red hot high demand area will never be an issue, especially with all of the updates this property has! All three units in this building have updated kitchens, the decks have been updated with durable composite decking, all three water heaters were installed in 2026 and the top floor unit has a newly updated bathroom. The first floor unit is a 2-bedroom, 1 bathroom with a private side deck (projected $1700/mo rent). The second floor is a 2-bedroom, 1 bathroom unit with a private deck (projected $1700/mo rent) and the third floor is a 1 bedroom, 1 bathroom (projected $1100/mo rent). In-unit washers and dryers. All units are currently occupied. The basement is massive and unfinished with private side access via locking bilco doors and could be rented to a local business for storage for even more cash flow. Out back is a large fenced yard. A creative owner could utilize this space for even more cash flow. There are two parking lots next to the property. The current owner rents 3 spaces (not deeded or included in the sale) and there is a potential option to pick up renting these spaces for renting to future tenants to maintain the high renter-appeal of the property. Located steps from Main Street, close to regional rail, and around the corner from I-76 access, this property offers it all for an unbeatable price! This property also presents a great house hack opportunity for a new investor to live in one unit while renting out two covering a large sum of their mortgage!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $550,000 |
| Year Built: | 1900 |
| Lot Size: | 3,072.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2669626
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