For Sale

Description

This fully leased studio condominium at Riverwest Condominiums offers a rare blend of immediate income and future flexibility in the heart of Center City. Currently generating $1,400/month with a lease secured through June 2026, the unit provides predictable cash flow from day one. The current tenant is a long-term resident in the building with a strong intention to renew, offering added stability and peace of mind for investors seeking consistent occupancy. At the same time, the upcoming lease end presents a valuable opportunity for future owner-occupants—whether you're a young professional, student, or medical staff looking to live in a prime location, or an investor evaluating long-term hold potential. Ownership is designed to be simple and cost-efficient, with the condo fee covering all utilities (gas, water, electricity), plus basic cable, building insurance, on-site maintenance, a 24-hour lobby attendant, and a state-of-the-art fitness center. The unit itself is well-maintained and move-in ready, featuring upgraded flooring, oversized windows with abundant natural light and open city views, a functional kitchen with gas cooking, wood cabinetry, refrigerator, and microwave, along with excellent storage including an oversized entry closet and an office space/walk-in closet leading to a refreshed bathroom. Residents enjoy optional on-site parking, a pet-friendly policy, and unbeatable access to everything Center City has to offer—just minutes from dining, shopping, theaters, public transit, major hospitals, and top institutions including University of Pennsylvania, Drexel University, and 30th Street Station. Whether you're looking for a turnkey investment with stable income or a future city residence in a prime location, this property offers the best of both—income today, flexibility tomorrow, and long-term upside in one of Philadelphia’s most desirable neighborhoods. *Unit is tenant occupied, pictures are from a unit with similar layout&finishes.