$ 400,000
-
$400,000
Price -
8
Bed -
0
Bath -
2,444
SqFt
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About the Listing 61039 - 3148613
Investment Opportunity! Legal triplex in the rapidly developing Brewerytown neighborhood. Completely renovated and legalized in 2023, this property offers an excellent opportunity for both investors and owner-occupants. The building consists of two spacious 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. The first and second floor units are vacant, providing immediate lease-up potential, while the third-floor unit is occupied on a month-to-month lease. Projected market rents are approximately $1,500/month for the first floor, $1,400/month for the second floor, and $1,300/month for the third floor, for a projected gross annual income of $50,400. Based on the seller's projected operating expenses, the property offers an estimated 9.03% stabilized cap rate. Property features include central air conditioning in all three units, separate gas and electric service for each apartment, a sprinkler system, fire alarm system, common laundry area, extra storage in the basement, and a 10-year Philadelphia tax abatement effective in 2025. Tenants pay their own gas and electric, along with a flat monthly water fee. Conveniently located near Fairmount Park, Temple University, Center City, major highways, and public transportation.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
PAPH2652850
Year Built
1915
Total Square Footage
2,444
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Brewerytown
Area
19121 (19121)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2444
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 82.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,217
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
2932 W Oxford St Philadelphia, PA 19121
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