ROB YOUNG

Description

Welcome to this incredible multi-family investment property located in the rapidly developing Strawberry Mansion neighborhood situated on N 33rd St directly across from Fairmount Park! This triplex has been recently renovated in 2020 and offers two spacious 2-bed 2-bath units and one bi-level 3-bed 2 bath unit. The basement is also rented out as a storage space to help produce extra income. Each unit is beautifully designed with open-concept living spaces, modern finishes, and desirable amenities that appeal to all tenants. The property also has an active rental license for three units. Each unit includes generously sized bedrooms and two full bathrooms, with one en-suite bath in every unit. All apartments are equipped with laundry closets featuring front-load washers and dryers—adding to tenant convenience. All units include central air conditioning for year-round comfort, and the open kitchens and living areas offer functional layouts ideal for entertaining or everyday living. The property includes a finished basement currently rented out as storage space, providing additional income. All units are covered under an active rental license, making this a truly turnkey investment. Tenants enjoy the convenience of in-unit laundry, generously sized bedrooms, and thoughtfully designed layouts that maximize natural light and functionality. Apartment 3 stands out with a bonus finished attic, perfect for a home office, cozy second living room, extra bedroom, or additional storage. From this space, enjoy direct access to a private roof deck, a rare luxury in city living. In addition to each rented unit the basement is semi finished and is currently rented out at $375/month The basement is on a month to month lease paying $375/month. The 1st floor is also on a month to month lease paying $1,450/month. The 2nd floor is on a yearly lease paying $1,450/month which is set to expire 2/14/26. The 3rd floor unit is rented out by room and the total income from this unit is $2,050/month. One room is month to month and the other room is on a yearly lease set to expire 8/31/25. The tenants are responsible for all utilities. The property grosses $5,325/month. This is a great opportunity for investors looking to acquire a turn key multi-family rental property to add to their portfolio in a rapidly growing neighborhood and capture tons of equity growth. This can even work for an owner occupant looking to live in one unit and rent the others out to help offset the mortgage. 13-month HWA home warranty will be included with acceptable offer. This property qualifies for a 10K Grant offered by Prosperity Home Mortgage, which can be used for closing costs, rate buy-down, and more. It is fully forgivable to all buyers, not just first-time buyers. Reach out for more information. Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate. This home is conveniently located near a variety of dining options, including Era, Checkers, and Lee’s Kitchen. For everyday essentials, grocery stores such as Aldi, Rodriguez Supermarket, Ridge Food Market, and C Food Market are just minutes away. Families will appreciate the proximity to several schools, including James G. Blaine School, Strawberry Mansion High School, Edward Gideon School, and William D. Kelley School. Outdoor enthusiasts can enjoy nearby green spaces like Fairmount Park, The Discovery Center, 30th & Jefferson Street Park, and Smith Memorial Playground & Playhouse. Situated in a prime location, this home provides both modern comforts and historic character. Whether you are looking for a move-in-ready home with income potential or an investment in a growing area, this property is a must-see. Don't miss the chance to own this versatile property in the heart of Strawberry Mansion. Schedule your tour today!

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