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| Description |
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Welcome to 651 N 33rd Street. An exceptional triplex opportunity for investors, owner occupants or college parents seeking to house their student while building equity and generating income. With proximity to Drexel & UPenn, parents can provide secure housing for their child in one unit while the remaining units cover the mortgage and expenses Unit 1 and 2 are both 2 bedroom, 1 bath each occupied on yearly leases at $1450 a month . Unit 3 is a vacant 5 bedroom, 3 bathroom unit which was most recently owner-occupied with individual room rentals. This versatile 3rd unit includes a self-contained efficiency with its own mini kitchen and private bath, ideal for maximizing rental income. Historic room rental rates have been $900, $800, $700, $700, and $650 per month, providing a monthly income of $3,750 from this unit alone. Comprehensively renovated in 2017, this turnkey property combines immediate cash flow with significant tax savings. Historic gross annual income is $79,800. Annual operating expenses total approximately $13,602. Net Operating Income (NOI): $66,175, representing an attractive return for investors seeking cash-flowing real estate with minimal management required. The remaining tax abatement period provides substantial cost savings over the next two years, further enhancing returns.
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| Room Sizes |
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| Location |
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| Driving Directions |
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From Center City take Market Street West & turn right onto 33rd. Take 33rd street north towards Fairmont Ave & the home will be on the right hand side. From 76 take the exit at Girard Ave then take 34th Street South to Wallace Street. Take a left
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| Details |
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Exterior Features - Masonry
Cooling - Central A/C, Electric
Heating - Forced Air, Heat Pump(s), Electric, Natural Gas
Hot Water - Electric
Sewer - Public Sewer
Water - Public
Additional Utilities - Electric Available, Natural Gas Available, Sewer Available, Water Available
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