Looking for the perfect investment opportunity and a turnkey path to passive long term and low maintenance rental income? Look no further. This 3,600+ square foot, 5-unit Brewerytown single corner property is a savvy investor's dream, and sits in the Tax Opportunity zone (QOF) in one of Philadelphia’s most rapidly appreciating neighborhoods. Tax abatement application completed. Fully gutted to the studs and beautifully renovated by an esteemed local builder, it has new systems, roof, appliances, electric, and HVAC and all units are separately metered. Featuring an inviting front porch and brick facade, with far more personality than your typical new construction in the area, a shared entryway leads to 4 of the units with a separate entrance leading to the basement unit. Consists of a variety of sized apartments making for more flexibility with tenants. Live in one unit and rent the rest or rent them all in this high demand neighborhood. There are two 1 bed/1 bath units, two 2 bed/one bath units and one studio apartment with a full bath. All modern designs with bright open floor plans, hardwood flooring, and inviting kitchens with stainless steel appliances and recessed lighting, each with its own washer and dryer, and some with bay windows and great views. Clean, dry basement with plenty of storage and additional storage space accessed via side entry. Just a short walk to Fairmount Park, Lemon Hill, Kelly Drive, and the heart of Fairmount/Art Museum Area, Brewerytown is home to increasing numbers of wonderful restaurants and bistros and an easy commute to Center City, Penn and Temple University. In an area where home values and rents are quickly rising and the tax advantages abound, this is an opportunity you won’t want to miss!
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: 27th March, 2023 11:50 PM (UTC)