Discover a rare investment opportunity in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spans over 5,000 sq/ft and presents a unique chance to acquire a valuable asset with only minimal work remaining, allowing it to begin generating cash flow within just a couple of months. With zoning approval for an on-site accessory parking space, the property offers additional convenience and long-term value for both investors and tenants.
The property has been recently renovated with approximately 80% of the work completed, leaving only some additional work needed to make the units fully rent-ready. This makes it an excellent opportunity for investors looking for a light rehab project in a high-growth area. Once the remaining work is completed and the units are leased, the property has strong potential to become a solid performer in any rental portfolio.
The building currently consists of (1) studio unit, (3) one-bedroom one-bath units, and (1) two-bedroom one-bath unit. Each unit has been updated with laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and mini-split systems for heating and cooling. The front and rear units on the second floor feature private decks, providing desirable outdoor space that enhances the appeal and marketability of those apartments. All units are fully electric and individually metered, making tenant billing and utility management simple and cost-efficient.
The projected rental income for the one-bedroom one-bath units is approximately $1,200 per month, while the two-bedroom one-bath unit is projected at $1,300 per month. At those rental rates, the property could generate approximately $6,100 per month or $73,200 annually in gross income. This represents an excellent opportunity to achieve a strong return on investment with significant upside potential. The property is being sold “AS-IS.” The seller will not make any repairs, and no city certificate will be provided to the buyer.
Conveniently situated with a Walk Score of 86, the location offers excellent accessibility, allowing most daily errands to be completed without a car. Chelten Avenue Station on the Chestnut Hill West Line is just 11 minutes away, providing convenient access to Center City Philadelphia. Nearby recreational options include Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park, offering great outdoor spaces for relaxation and activities.
Whether you are an investor seeking a high-performing multi-unit property, a contractor ready to complete the remaining work, or a buyer interested in living in one unit while renting the others, this Germantown multi-family property offers space, income potential, and a prime location in one compelling package. Schedule your showing today.
