ANNE PEOPLES, REALTOR

Description

A significant University City triplex—perfect for an investor or an owner occupant looking to also collect significant rental income. This building has an A+ location (just off Clark Park); incredible outdoor space in the front and rear (huge rear yard, huge front yard and covered front porch-- the building is way set back from the street as well); and most desirable, classically stunning, well-maintained units, laden with substantial character and light throughout. Each residence has a wonderful layout. The 1st floor is a bright 2BR, 1 bath with very high ceilings, exposed brick, original floors with inlaid detail, and a nice, modern kitchen and bath. The 2nd floor offers similar character and finishes, just as nice, extremely sunny and pleasant. The 3rd floor offers a light-filled bi-level 4 bedrooms (or 3BR + an office), 2 full baths. Really nice and quirky (in an awesome way!). The building is fully rewired no knob & tube. Separated gas and electric paid by tenants. Only the heat is included in the rents and paid by landlord (newer oil boiler). No central air but multiple window units are included for each apartment. Tenants are comfortable all year long. RENTS--The owners used to live in this building and have had long time tenants with much lower rents but are now turning those units at market rents. The 1st floor was just rented at $1,800/month (through 5/31/2026), the 2nd floor was just vacated (projected rent $1,950) and the 3rd floor tenant moves out July 31st (Projected rent $2,750). Landlord intends to keep the 2nd & 3rd floors vacant for now for potential owner-occupant options. Excellent storage. The 3rd floor has a washer/dryer. The 1st & 2nd floor have access to the basement washer and dryer. Spectacular triplex located in the PENN ALEXANDER CATCHMENT (and perfect for an owner occupant or investor). An ideal location—One block walk to Clark Park and its fabulous Farmers' Market. Easy walk to Knockbox Cafe, ReAnimator Coffee, Baltimore Avenue's Restaurant Row (so many places to eat), Penn Alexander Catchment School, Clarkville, Green Line Cafe, TacoTaco Mexican, Local 44 and the Bottle Shop, CVS, and so many coffee shops, restaurants, and shopping. Close to HUP, CHOP, Penn, Drexel, UCity Tech/Science Corridor. 11 minutes to Center City by car or bike and plenty of convenient SEPTA options.

Features