Introducing a fantastic investment opportunity in the desirable Cheltenham neighborhood of Philadelphia. This newly renovated 3-story, 6-unit multi-family building showcases a contemporary and appealing design. The property consists of 3 one-bedroom units rented for $1150 each and 3 two-bedroom units, one of which is rented for $1550. One two-bedroom apartment is still unoccupied, providing a new revenue stream for the potential buyer.
All units in the building have been tastefully renovated, reflecting modern aesthetics and convenience. The entire building operates on electric power, and the water bill averages $350 a month, adding predictability to the operating costs. While there are inoperable mini split units in the 4 units on the 2nd and 3rd floors, this is balanced by the opportunity presented by framing for a potential basement unit.
This is a turnkey opportunity for an investor seeking stable income with five out of six units currently rented, and the unoccupied unit ready for immediate leasing. The location in Cheltenham offers a thriving community atmosphere, with proximity to local amenities, transportation, and more.
Don't miss out on this exceptional property that promises a blend of modern comfort and financial growth. Schedule your tour today!
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 2:20 PM (UTC)