JACK TEAGUE JR.

Description

Unmissable Investment Opportunity: Large Multi-Bedroom Home in Prime Philadelphia Location! Seize this incredible investment opportunity! We're presenting a spacious property perfectly positioned for significant returns, located strategically near University City, Center City, the Philadelphia Zoo, and Fairmount Park. This highly desirable address offers unparalleled access to Philadelphia's major universities, business districts, cultural attractions, and green spaces, making it incredibly attractive to a wide range of tenants. Multi-Family Conversion Potential (RM1 Zoning): Zoned RM1 (Residential Multi-Family), this property holds immense potential for conversion into a multi-family dwelling, significantly increasing its income-generating capacity. RM1 zoning in Philadelphia is specifically intended to accommodate moderate-to-high density, multi-unit residential buildings. Prospective buyers should consult with the City of Philadelphia Department of Licenses and Inspections and/or a zoning attorney to confirm specific requirements and permitting processes for multi-family conversion, which typically include obtaining a Use Registration Permit. The property currently features 9 bedrooms and 3 full bathrooms, providing ample living space. It also boasts a private backyard and a basement, adding to its appeal and potential utility. Currently configured for short-term rentals, this property has a proven track record of generating impressive rental income, averaging $7,000+ per month. This strong performance underscores its potential as a cash-flowing asset. Enjoy seamless access to interstate highways and a wealth of city amenities, including public transportation, dining, shopping, and entertainment, enhancing its desirability for tenants. Given the exceptional nature of this investment, proof of funds is required before any showings can be scheduled. Additionally, please be aware that room availability may be limited due to the property's current short-term rental operation. This is a serious and potentially competitive opportunity that astute investors won't want to miss! Don't let this gem slip away! Contact us today to learn more and secure your showing.

Features