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Nick Lutkins

nick@lutkinsgroup.com +1(703) 626-6276

Listed by Algernong Allen • KW Empower

$675,000

Est. payment - /mo

2,700 SqFt

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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $250

Subdivision Cedar Park

MLS Listing ID PAPH2664952

Style Unit/Flat,Victorian

Abv Grd Liv Area 2,700

Year Built 1900

Annual Tax Amount $6,986

Tax Year 2026

Lot Size 2,464 Sqft

Acres 0.06

Lot Dimensions 22.00 x 112.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Triplex Investment Opportunity in Cedar Park! This three unit Victorian is in a desireable location for people looking to live or invest in West Philly. The appeal is a walkable, bikeable community with lots of access to public transportation, Regional Rail, bus and trolley lines, and a block from the vibrant Baltimore Avenue corridor and in walking distance to local campuses. The energy and vibe of the community is why the units stay leased year after year with very little vacancy. The property consists of two 2 Bedroom, 1 Bath units on the first and second floor, and a three bedroom unit with large attic on the third floor. Tenants enjoy a large backyard and the beauty and authenticity of hardwood flooring and Victorian finishes. The property has been professionally managed during the current owners tenure. Rents are market rate generating approximately $5000 per month, $60,000 per year in gross rents. The building heat and water and a monthly fee is charged to each tenant as a fee. Combining the three units the total monthly fee is $175 per month for gas, and $175 per month for water, is collected by the Landlord. There is plenty of on street parking as well as a free parking lot across the street next to the community gardens. This is a legally a licensed triplex with a fire escape installed as well as a central monitoring station. Surrounded by great restaurants and coffee shops like, Dahlak, Vietnam cafe, Doro Bet, Alif Brew, Milk Crate and Green Line , and a 1/2 block from public transportation that runs directly through UPenn, Drexel, CHOP. Clark Park and Cedar Park are also only a few blocks a way. A great opportunity!

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RSA3

Interior

Interior Features Kitchen - Eat-In, Recessed Lighting, Bathroom - Stall Shower, Wood Floors

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Flooring Wood

Equipment Built-In Microwave, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer

Fireplace N

Appliance Built-In Microwave, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Utilities Available Natural Gas Available, Electric Available, Phone Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt,Shingle

Accessibility None

Porch Porch(es)

Garage N

Private Pool No

Building

Foundation Stone

Above Ground Finished SqFt 2700

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat, Victorian

Additional Building Above Grade, Below Grade

Structure Type 9'+ Ceilings,Dry Wall

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 461101000

Ownership Fee Simple

SqFt Source 2700

Security Features Main Entrance Lock

Acceptable Financing Cash, Assumption, Conventional, FHA, FHA 203(k), FHA 203(b), PHFA, VA

Listing Terms Cash, Assumption, Conventional, FHA, FHA 203(k), FHA 203(b), PHFA, VA

Financing Cash,Assumption,Conventional,FHA,FHA 203(k),FHA 203(b),PHFA,VA

Special Listing Condition Standard

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Nick Lutkins

+1(703) 626-6276

Team Leader, Realtor

4706 WARRINGTON AVE Philadelphia, PA 19143

Nick Lutkins

Key Details

Location

Interior

Exterior

Building

Schools

Others

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