512 S 47th St, Philadelphia, PA 19143

Property Description

This Triplex is convenient, well maintained and a bargain at only $250,000 each for 2 Bedroom units that can be easily used as 3 Bedrooms. Each is an entire floor of a larger than average University City building. The First Floor, would be ideal for an owner occupant. It features an Enclosed Porch and direct access to the Yard and Basement. The Current Tenant has renewed for many years. Her lease Expires 6/30/2026. The Second Floor has two Bedrooms, with a huge Living Room. It has been occupied by the current owner since 1984 (42 years). Recent improvements have been made to Kitchen and Bathroom. This will be delivered vacant. The Third floor, two Bedrooms had recent improvements to Kitchen and Bathroom, and recent total repainting. The 3rd floor Lease runs to 1/16/2027 This property has separate Gas Boilers and Gas Hot Water Heaters (located in the unfinished basement). Electric and Cooking Gas are also already separated. Large Windows, Wood Floors and desirable Radiant Heat (warmer and better protection for sinuses and against Flus including Covid), make it a rare and wonderful gem of a property. Located in a great neighborhood, close to SEPTA, with groceries, tasty restaurants and many goods and services nearby. Many Employers, U.PENN, St. Joseph, Drexel are nearby. Parks, recreation and Culture abound. 512 is close to many restaurants and cafes. The Asking Price is for the entire three unit Property. Agent needs a minimum of 2 days notice to ensure that the Tenants get their required 24-hours notice.