Description
Calling all investors and owner occupants! Turnkey Investment Opportunity in West PhiladelphiaThis updated 3-bedroom, 1-bathroom home offers 1,215 square feet of rental-ready living space and is currently leased through the Philadelphia Housing Authority (PHA), generating a reliable annual rent roll of $20,280.00 with room to increase as the current PHA standard is $2,136/mo.Renovated in 2022, the property features major capital improvements, including a new roof, fresh interior and exterior paint, updated kitchen and bathroom, new appliances, new flooring throughout, and a new water heater. Minimal maintenance is expected in the near term, making this a low-risk, high-yield addition to any portfolio.Located just minutes from public transportation, University City, local parks, and neighborhood amenities, this property is ideally situated for strong long-term tenant demand. The PHA lease ensures consistent monthly income with government-backed security.Whether you're a seasoned investor or looking to start building passive income, this property checks all the boxes.
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3BEDS
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0.03ACRES
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1BATHS
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01/2 BATHS
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1,215SQFT
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$160$/SQFT
Description
Calling all investors and owner occupants! Turnkey Investment Opportunity in West PhiladelphiaThis updated 3-bedroom, 1-bathroom home offers 1,215 square feet of rental-ready living space and is currently leased through the Philadelphia Housing Authority (PHA), generating a reliable annual rent roll of $20,280.00 with room to increase as the current PHA standard is $2,136/mo.Renovated in 2022, the property features major capital improvements, including a new roof, fresh interior and exterior paint, updated kitchen and bathroom, new appliances, new flooring throughout, and a new water heater. Minimal maintenance is expected in the near term, making this a low-risk, high-yield addition to any portfolio.Located just minutes from public transportation, University City, local parks, and neighborhood amenities, this property is ideally situated for strong long-term tenant demand. The PHA lease ensures consistent monthly income with government-backed security.Whether you're a seasoned investor or looking to start building passive income, this property checks all the boxes.
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