4 bedroom house for sale

Overview

Welcome to 1201 Windrim Ave, a remarkable triplex nestled in the sought-after Olney-Oak Lane neighborhood of Philadelphia. This investment property boasts a generous 2025 square feet of living space and occupies a double lot totaling 5000 square feet, offering ample room for future expansion or development. Each of the three apartments within this property is currently occupied by long-term tenants, presenting a turnkey income opportunity for savvy investors. The first-floor unit features a spacious one bed/one bath layout with a large wrap-around porch, private entrance, yard access, and original hardwood floors, currently rented at $775/month. The second floor hosts a two bed/one bath apartment with a kitchen, currently rented at $725/month, while the third floor offers a one bed/one bath apartment with a kitchen and spacious living area, currently rented at $750/month. Conveniently located near public transportation, including the Broad Street subway, this property provides quick access to Center City, Temple University, and South Philadelphia's Sports and Entertainment Stadiums, ensuring its appeal to potential tenants. Additionally, its proximity to Jefferson Einstein Hospital, LaSalle University, and Central High School further enhances its desirability. Distinctive features of this property include original hardwood floors with beautiful inlays, a large yard, and a shared entrance for the second and third-floor units. Separate meters for electricity and gas afford tenants individual responsibility for payments, while the owner covers water bills for the property. Don't miss the opportunity to own this charming home with its unique, original features and excellent rental history. This is a rare chance to acquire a property with a steady income stream and the potential for subdivision on the double lot. Schedule a showing today and envision the possibilities that await at 1201 Windrim Ave.