Philadelphia, PA 19144

Property Description

Excellent investment opportunity in the West Germantown neighborhood of Philadelphia. This multifamily property features four residential units, including three updated 1-bedroom/1-bath units, one spacious 2-bedroom unit and a 2-car garage. The interiors have been updated with modern finishes, creating attractive and functional living spaces for tenants. The property also offers a basement area that was previously leased as a gym, providing additional potential for an owner or investor. Separate utilities add convenience for property management and help simplify operating expenses. Three of the four residential units are currently leased and professionally managed by Otter Property Management. Unit 1R is leased from April 28, 2026, through April 27, 2027, at $825 per month, generating $9,900 in annual rental income. Unit 2 is leased from May 1, 2026, through April 30, 2027, at $900 per month, generating $10,800 annually. Unit 3 is leased from April 11, 2026, through April 10, 2027, at $900 per month, generating $10,800 annually. The three leased units provide a combined scheduled rental income of $2,625 per month, or $31,500 annually, offering an investor immediate rental income with established leases and professional property management. Located just three blocks from the Queen Lane Regional Rail Station, the property offers convenient access to Center City, public transportation, and major roadways. It is also less than one mile from Drexel University College of Medicine and Philadelphia University, placing the property near major educational institutions, employment centers, shopping, dining, and neighborhood amenities. This property presents a strong opportunity for an investor seeking to add a well-located multifamily property to their portfolio. The property is being sold AS IS. Schedule your showing today!