1649 Harrison Street Philadelphia, PA 19124 Municipality: Philadelphia

This Triplex property offers off street parking for two cars and a charming backyard garden area. With three distinct units, each featuring individual water meters and electric panels , this property provides a seamless setup for tenants. All units are equipped with electric ranges, ceiling fans, a...nd electric heating throughout. The basement is not accessible from any unit, ensuring privacy. Unit 1 is accessible from the right side of the building near the driveway. It boasts one bedroom and one bath, with a washer/dryer for added convenience. Unit 1 tenant has been there for 8 years and pays $1045/month. Unit 2 is an efficiency and includes one bath, electric range, and a refrigerator. Tenant pays $775 for a 6 month lease ending May 2025. Unit 3 is a one bedroom with a separate room presently used by the Seller as a 'music studio' and accessible via the 2nd floor hallway, making it feel almost like two separate spaces. The landlord currently subsidizes the 3rd floor tenant's rent by renting the music room from him for $300. Unit 3 Rent would be $900 and tenant has been there for 10 years. This property is fully occupied and offers tremendous opportunity for value add. Total gross monthly rent is $2720. Calculate this great cap rate and bring your offer! Only 1 block away from public transportation make commuting easy for you and your tenants. Schedule your showing today. Continue reading