Courtesy of: Austin Cennimo, Keller Williams Realty - Moorestown, austin@777propertygroup.com
Courtesy of: Austin Cennimo, Keller Williams Realty - Moorestown, austin@777propertygroup.com
$229,000
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Lot: 0.08 Acres
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Other
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$229,000
5129 N 10TH STREET Investment Triplex with Reliable Income & Development Potential! Fantastic investment opportunity with this fully rented triplex on an oversized lot, offering additional potential for future development (buyer due diligence required). The property includes three separate units: a large 5-bedroom unit with a kitchen and bathroom, and two 1-bedroom/1-bath units with kitchens. Additional features include a garage accessible from the rear alley under the deck. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $2, 200 ($26, 400 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing for each unit, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 1221 Wagner Ave, Philadelphia and 3539 N Marvine St, Philadelphia which is producing a combined $69, 600 annually. The asking price for all 3 properties is $600, 000.
Courtesy of: Austin Cennimo, Keller Williams Realty - Moorestown, austin@777propertygroup.com
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