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ClosedPhiladelphia, PA, 19144
8.15% Cap Rate. Stunning Victorian 7 Unit Apartment building, Investment Opportunity in Germantown! Step into the timeless elegance of this beautiful Victorian single, built circa 1863, and legally zoned for seven apartments. This well-maintained property boasts original details, soaring 12' ceilings, and gorgeous hardwood floors, creating a unique blend of historic charm and modern convenience. Featuring three spacious 2-bedroom apartments and four charming 1-bedroom units, this income-producing gem is perfect for an owner-occupant or investor. Each apartment is thoughtfully designed with oversized bedrooms, abundant natural light, and ample closet space. Decorative fireplaces and mantels add an elegant touch, while upgraded kitchens feature newer appliances, dishwashers, and over-the-range microwaves. A sunny enclosed patio provides a peaceful retreat for tenants to enjoy. The property is fully equipped with separate gas boilers for radiant heat and individual electric meters and sub-panels. Tenants pay for heat, cooking gas, and electricity, while the owner covers water. A city-code-compliant fire alarm system ensures safety and peace of mind. Plus, there’s ample off-street parking with room for seven vehicles in the driveway/parking lot. There is also a 20x20' garage on site that could be used for future upside potential. It is not currently rented. This is a rare opportunity to own a highly desirable, income-generating property in a sought-after neighborhood. Don’t miss out—call today for the pro-forma and to schedule your private showing!
Listed by: Mark L Malfara, BHHS Fox & Roach-Blue Bell
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