UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $65
Subdivision Germantown
MLS Listing ID PAPH2594742
Style Dwelling w/Separate Living Area,Unit/Flat
Abv Grd Liv Area 5,000
Year Built 1890
Annual Tax Amount $5,249
Tax Year 2025
Lot Size 2,400 Sqft
Acres 0.06
Lot Dimensions 25.00 x 96.00
Property Sub-Type End of Row/Townhouse
Source 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
Rooms
Basement Full
Interior
Interior Features Bathroom - Tub Shower, Combination Kitchen/Living, Combination Dining/Living
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Inclusions Refrigerator, Oven Range-Electric, Dishwasher, Built-In Microwave, Washer-Front Loading & Dryer-Front Loading
Equipment Refrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading
Fireplace N
Appliance Refrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading
Heat Source Electric
Exterior
Exterior Feature Porch(es), Deck(s)
Garage Spaces 1.0
Water Access N
View Street
Accessibility 2+ Access Exits
Porch Porch(es), Deck(s)
Total Parking Spaces 1
Garage N
Building
Lot Description Corner
Foundation Other
Above Ground Finished SqFt 5000
Sewer Public Sewer
Water Public
Architectural Style Dwelling w/Separate Living Area, Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 124112500
Ownership Fee Simple
SqFt Source 5000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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