PHILADELPHIA, PA 19104
$749,000
With potential annual gross rental income of $81,600 at full occupancy, 3414 Spring Garden Street offers a three-unit investment opportunity in Philadelphia’s Mantua neighborhood. This triplex features 3,214 square feet of assessor-reported living space, with 11 bedrooms, eight full bathrooms, and one half bathroom across one five-bedroom apartment and two three-bedroom apartments. Projected monthly rents of $3,000, $1,800, and $2,000 total $6,800 per month before expenses.
Located one block from Drexel University and a few blocks from the University of Pennsylvania, the property offers a convenient setting for student-housing investors and Drexel parents considering a purchase near campus. The layout also offers the potential to occupy the five-bedroom apartment while renting the two three-bedroom apartments, subject to existing leases.
Questions on 3414 SPRING GARDEN ST, PHILADELPHIA, PA 19104, or want to see it in person?
Listed by Alex C Prince, TCS Management, LLC