615 N 32ND ST Philadelphia, PA 19104

$40,000 PRICE REDUCTION!!! Also, Seller will consider credit or price adjustment toward difference between 2023 taxes based on assessment and tax calculation amount based on contract sale price. Attention Investors!! Don't wait! 2015 renovated legal Triplex in the Mantua/University City area; just blocks from UPenn, Drexel, the Zoo, Mann Music Center and Art Museum and easy to get to/from with I76, Vine Street Expwy and MLK Drive immediately contiguous while public transportation is just steps away. While you're here, go a mere four doors down the street and see its “sister property” at 623 N 32nd St, also for sale with virtually the same attributes including: unit layout, color scheme, kitchen amenities, appliances, granite countertops, hardwood floors, etc. Each of these awesome properties have 3 x 2bd/1bath units. All totally renovated from the studs out in 2015 including all new electrical, HWH, one or more of the hot air Heating Systems replaced including one in January, appliances, Fire Alarm system (recent inspection), etc; keep your maintenance costs at a minimum! Note: A/C is window.
All utilities separately metered and paid by the tenants except water which currently runs approx. $50/mo. Common area Washer/Dryer in basement. Buyers' Agents responsibility to confirm real estate taxes in light of latest assessment which impacts cap rate.
Units currently under rented at $1,000/month; the difference available to significantly impact future cap rate. Current area rents should be $1200-1250/mo.
615, as of this update, unit intentionally left vacant for showings with mostly M2M tenants. Current tenant(s) have expressed an interest to stay.