2428 Brown St – Phila, PA 19130
(No Pictures at this time)
- Location – Fairmount/Art Museum area
- Triplex – 3 Units
- Unit Breakdown:
– 1st floor – 3bed/1.5 Bath was rented for $2425/mth
– 2nd floor – bi-level 2bed/2 Bath was rented for $1850/mth
– 2nd floor rear – studio w/deck – $1300/mth
- 3 Stories
- Lot – 18 x 70
- 2,639 SF
- Rent ready condition
- Est Income – $66,900
- Est Expenses – $13,700 (can be reduced)
Wholesale Price: $850,000
Quick Summary:
Currently, we have a rent-ready triplex in the heart of Fairmount just 4 blocks from the Art Museum, the purchase price includes architectural drawings for an improved 3x unit building. There are 2 strategies for this project: A – add a 1 car garage parking & turn all 3x units into luxury 2 bed/2bath units with private outdoor space. B – add 1 car garage parking & convert the building into 2x high-end townhouse condos for sale. Currently, only 1 unit is occupied other 2 are vacant. Showings by appointment only. |
