Description
The Girard Collection: Newly renovated boutique triplex property for sale on Brewerytown's booming commercial corridor, Girard Avenue. This prime Philadelphia real estate offering is available now—individually with 2825 Girard (4 units) next door, or purchased on its own. Commercial ground floor + 2 two-bedroom apartments above. Fully leased, turnkey asset—ideal for 1031 exchange or owner occupant using 5% down payment financing. 6.43% cap rate. Enquire within for 5% down financing options. Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes. This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae.
Location
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 29th November, 2023 3:40 PM (UTC)
Listing Agent: Ryan J McManus
Listing Office: Compass Pennsylvania, LLC
Attribution contact: 6106061095
