Tim Carter

Description

Prime Investment Opportunity in Society Hill! This turnkey 6-unit apartment building is extremely well maintained and is a perfect opportunity for investor’s looking to buy in the neighborhood and add more units to their rental portfolio. Four out of the six units are currently occupied and the seller is in the process of renting the two vacant units out. The six apartments are made up of (5) 1 bed 1 bath units and (1) 2 bed 2 bath unit. Unit 3A has 2 beds and 2 baths. With stable rental income, fantastic growth potential, and desirable amenities, this property is a rare find. The building is currently grossing $6,008/month from the occupied units. Once the two vacant units are occupied the income potential can reach $8,758/month. The tenants pay all utilities other than water, the seller covers the water. Each unit is fabulously maintained with hardwood floors throughout, well appointed kitchens with marble counter tops, historically tiled bathrooms, and ceiling fans in the living room and bedrooms for comfort and convenience. Each unit is heated by electric baseboard heating and has window units for cooling. Tenants also have access to on-site laundry which is located in the basement. Unit 3A has their own in unit laundry. Also in the basement is even more storage space which for the tenants to put their bikes and other items. Nestled in one of Philadelphia’s most historic and picturesque neighborhoods, Society Hill is celebrated for its quaint brick sidewalks, charming cobblestone alleys, and beautifully preserved architecture, offering a timeless appeal that attracts residents and investors alike. The property is also located just steps away from an Acme and CVS, there are bus stops on each corner adjacent to the property, and tons of amenities the neighbor hood has to offer. Not to mention the property is a short walk away from the Delaware River for those who love to be near water! With an impressive Walk Score of 94, daily errands are a breeze—no car needed! Boasting a Transit Score of 94, this area offers top-tier public transportation, making commuting super easy. Cyclists will love the Bike Score of 85, highlighting excellent biking infrastructure. A variety of dining options are just around the corner, including Fat Tuesday, Malbec Argentine Steakhouse, and Reef Restaurant & Lounge, among many others. Families have access to well-rated schools such as General George A. McCall School, Benjamin Franklin High School, and William M. Meredith School. For grocery shopping, nearby options include ACME Markets, Sue's Market, and South Street Market II. Outdoor lovers will appreciate nearby green spaces like Three Bears Park, Thaddeus Kosciuszko National Memorial, and Magnolia Garden. This income-producing property is a prime opportunity in one of the city’s most sought-after neighborhoods. Don’t miss out and schedule your visit today!

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