1221 Lindley Ave, Philadelphia, PA 19141
- $309,900
- 2,188
- SqFt
- List Price
- $309,900
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- PAPH2671662
- Living Area
- 2,188
- Lot Size (Acres)
- 0.09
- Style
- Other
- Year Built
- 1935
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
FULLY OCCUPIED TRIPLEX | 9.9% CAP RATE | $2,900/MO INCOME | $309,900 Attention Investors: Turnkey, Fully Occupied Income Property! 1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 9.9% cap rate at the $309,900 asking price. A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream. Unit Breakdown: Unit 1: 2 beds, 1 bath — $1,050/month Unit 2: 1 bed, 1 bath — $1,025/month Unit 3: 1 bed, 1 bath — $825/month With renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up. Offered at $309,900. Schedule your private showing today.
Additional Information
- Area
- 19141 (19141)
- Subdivision
- Logan
- Taxes
- $4463
- School District
- The School District Of Philadelphia
- Heating
- 90% Forced Air
- Heating Fuel
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of BHHS Fox & Roach-Jenkintown. Contact: (215) 887-0400