UPDATED:
Key Details
Sold Price $518,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $283
MLS Listing ID PAPH2357576
Sold Date 10/30/24
Style Traditional,Straight Thru
Abv Grd Liv Area 1,824
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,294
Tax Year 2024
Lot Size 3,142 Sqft
Acres 0.07
Lot Dimensions 61.00 x 111.00
Property Description
Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license—both extremely difficult and costly to acquire. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units!!
Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation.
The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic.
This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance.
This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RSA5
Interior
Interior Features Ceiling Fan(s), Combination Kitchen/Dining, Additional Stairway, Dining Area, Floor Plan - Open
Hot Water Electric
Heating Forced Air
Cooling Central A/C, Ceiling Fan(s)
Flooring Hardwood, Tile/Brick
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Additional Storage Area, Basement Garage, Garage - Rear Entry
Garage Spaces 3.0
Water Access N
Roof Type Shingle
Accessibility None
Attached Garage 1
Total Parking Spaces 3
Garage Y
Building
Lot Description SideYard(s), Front Yard, Corner
Foundation Stone, Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional, Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 521138700
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing FHA, Cash, VA, Conventional
Listing Terms FHA, Cash, VA, Conventional
Financing FHA,Cash,VA,Conventional
Special Listing Condition Standard
Bought with Vanessa B Jackson • Tesla Realty Group, LLC
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