1182 S 11th Street

Seller and Listing Broker have an active listing agreement in place. Please do not call Seller directly. Invest in your future in this cash-flowing triplex in the popular Italian Market neighborhood of Philadelphia. The owners are ready to retire and pass on their success to you. Make your first investment an “easy win". The building was renovated recently, so you won’t have to worry about making changes after you buy. Additionally, there’s potential to increase your earnings by renting out extra storage space in the basement to tenants or a local individual who needs additional storage (or use it for yourself!). Each unit pays for its own gas and electricity (separate utilities & mechanicals- yea!). The landlord only pays for water for the two buildings and the common electricity. The building is equipped with the required fire alarm system, has legal triplex zoning, and holds active rental licenses and Lead-Safe Certificates from the city. Gross rent is $6100/mo for two 2-bed/2 bath flats and one 1-bed/1 bath flat starting on 7/1/2025 (that's up $400/mo from the current rents). The third floor has a private roof deck, and all units have central air and in-unit laundry. The opportunity here is perfect for the savvy investor!