Multi-Family for Sale in Philadelphia, PA

Investor opportunity on prime Germantown block across from Vernon Park. Two one-bedroom units are currently occupied by stable tenants, generating $1,950/month in gross rent with cash flow from day one. Each unit has its own gas and electric meter, keeping utility cost exposure off the owner's plate. Two newer hot water tanks mean fewer near-term capital concerns. Tenants enjoy a private backyard, hardwood floors, and easy access to public transportation. First floor unit has an in-unit washer dryer. Units 2 and 3 each have a dedicated washer/dryer in the basement connected to their respective meters - no shared laundry costs to the owner. The vacant two-bedroom unit needs a full cosmetic renovation including a new kitchen and bathroom, making it a clear value-add play. As-is sale. Open House: Thursday, June 4, 3-5 pm. Offers reviewed Friday, June 5.