1250 S 15th St, Philadelphia, PA 19146

Property Description

Triplex located in the heart of South Philadelphia offering a rare opportunity for both investors and owner occupants looking to generate strong cash flow while building equity. The first floor features a one bedroom one full bathroom unit with direct access to a private yard. This unit previously rented for $1350 per month and is currently vacant, giving the next owner flexibility to place a new tenant or move in and occupy immediately. The second floor has been tastefully renovated and offers hardwood floors throughout. This spacious one bedroom one bathroom unit was previously rented for 1700 per month. The third floor unit is also a one bedroom one bathroom and is currently occupied with a tenant paying $1150 per month. The lease is in place through June, offering immediate rental income with near term turnover potential for increased rent. Each unit has separate utilities, making management simple and efficient. The basement includes a washer and dryer that is shared by all three units. Whether you are looking to live in one unit while offsetting your mortgage with rental income or add a solid performing asset to your portfolio, this triplex offers flexibility, functionality, and reliable cash flow in a consistently in demand location