Welcome to 500-502 W Philadelphia Street, a fantastic opportunity to acquire two separately addressed three-unit properties being sold together, offering a total of six renovated apartments with strong income potential! All six units have been turned over and renovated, making this an attractive addition to any investor's portfolio. The property… Read More currently features four occupied units generating a combined $3,250 per month, or $39,000 annually, with two vacant units ready for new tenants. Each apartment offers one bedroom and one full bathroom. Tenants are responsible for their own gas and electric, while the owner covers water, sewer, and trash. With the opportunity to lease the vacant units and increase existing rents to market rates, this property offers significant upside in rental income. At a projected market rent of $950 per unit, the property has the potential to generate $5,700 per month or $68,400 annually in gross rental income! Whether you're looking to expand your investment portfolio or capitalize on the property's income potential, this six-unit package is an opportunity you won't want to miss. Call today for more information and to schedule your private tour! Read Less
Courtesy of Spencer Blake, Renaissance Realty Sales, LLC 717-881-3037
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Square Ft.
4,892
Lot Size
0.06 Acres
Year Built
1900
MLS Number
PAYK2113232
Additional Details
Building
Built in 1900, Living area: 4892, 3 stories, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Foundation
Permanent
Heating
Baseboard - Hot Water, Radiator
Income
Gross ScheduledIncome: $39,000, Apartment Rentals
Lot
0.06 acres
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $6,549, Year: 2026, Zoning: 123 R (X2), Zoning description: 2 - Three Units
Utilities
Water Source: Public
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