This cash flowing triplex near Drexel University's campus is ready to be added to your portfolio! Boasting three units, this terrific investment opportunity features a leased commercial storefront, a 1 bedroom, 1 bathroom bilevel apartment, and an easy to rent vacant studio that could also be perfect for an owner occupant. This well-maintained building has separately metered gas and electric, and two of the units have their own forced air heating and air conditioning systems. The tall basement height with street egress is suitable for storage and the backyard accessed from the 1st floor unit and overlooks a renovated playground. Located in a highly desirable area, this property benefits from its proximity to Drexel University and University City, ensuring a constant flow of potential tenants. Unit 1- commercial with backyard and basement access (basement is not included in the lease), $1500/month; Unit 2 - studio apartment estimated rent is $800/month; Unit 3 - 1 bedroom/ 1 bathroom $1200/month for an estimated 9% cap rate. Don't miss the opportunity to add this income-generating triplex to your real estate portfolio.
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: 28th November, 2023 3:20 PM (UTC)