Description
Investor/Builder alert: Great University investment opportunity! This 5bedrooms, 5bathrooms and 3-story property is close to the Drexel U and Penn campus. It+GGs prefect for student housing. A lot of updates have done by the sellers. It is ready to collect the rent. Rental income can be about $3500 per month which is about 8% return. Rental market is as strong as ever and will continue to grow, especially for the student housing since the school has reopened. GREAT LOCATION, Easy access to I-76, Center City, Schuylkill River Trail, Boathouse Row, Art Museum and more. It is zoned for multifamily living. Savvy builders can renovate to create multiple units and maximize the building's potential for rental income. RM1 zoning classification on the property allows investors to create maximum rental stream with the creation of multiple units. The house is sold AS-IS.
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5BEDS
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0.02ACRES
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5BATHS
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01/2 BATHS
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1,817SQFT
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$230$/SQFT
Description
Investor/Builder alert: Great University investment opportunity! This 5bedrooms, 5bathrooms and 3-story property is close to the Drexel U and Penn campus. It+GGs prefect for student housing. A lot of updates have done by the sellers. It is ready to collect the rent. Rental income can be about $3500 per month which is about 8% return. Rental market is as strong as ever and will continue to grow, especially for the student housing since the school has reopened. GREAT LOCATION, Easy access to I-76, Center City, Schuylkill River Trail, Boathouse Row, Art Museum and more. It is zoned for multifamily living. Savvy builders can renovate to create multiple units and maximize the building's potential for rental income. RM1 zoning classification on the property allows investors to create maximum rental stream with the creation of multiple units. The house is sold AS-IS.
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