816 W Erie Ave, Philadelphia, PA, 19140
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Property Details
4
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 4 • Bathrooms: 0 • Square Feet: 1408 • Lot/Size: 1,163 sqft lot
Description: Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently
Location
Address
816 W Erie Ave, Philadelphia, PA, 19140
City
Philadelphia
Features and Finishes
Year Built: 1935; [object Object]; [object Object]; [object Object]
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