2031 E SUSQUEHANNA AVENUE

PHILADELPHIA, PA 19125

A rare opportunity to own a recently renovated triplex featuring three 2-bedroom, 1-bath apartments in one of Philadelphia’s most sought-after markets, especially for small multifamily buildings. Photos, a 3D tour, and video walkthroughs will be available shortly. Priced at 11.63 GRM, almost in line with the neighborhood average of around 11.55 GRM, this property presents a compelling opportunity for investors seeking a stable, income-producing asset or for house hackers looking to gain a foothold in the real estate market by living in one unit while renting the others. Currently generating $54,180 in annual rental income with units 2 & 3 ending May 30th & July 31, 2026 & unit 1 ending May 2027. Central AC & Heating, new kitchens, 3 sets of washers and dryers. Some units are underrented, so there is definitely an opportunity for the new owner to improve financial metrics. 5.83% CAP rate, including $500 trash, $150 rental license fee, $10,800 annual tax (which is incorrect, so it can and should be appealed; the city put $750k assesment), $1,200/year for water, 3% for vacancy, & 3% for maintenance. Leases, applications & rent history available. Inquire for additional details.

Listing courtesy of RE/MAX Plus



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