1428 S 10th St, Philadelphia, PA 19147

One of a kind location in Passyunk Square. This triplex sits on 10th right off Passyunk Ave, directly across from the Acme and CVS, so groceries and the pharmacy are a walk across the street. Three one bedroom, one bath units, and each unit is the whole floor. Same floor plan throughout: living room in the front, kitchen in the middle, large bathroom right off the bedroom in the back. The first floor unit has a large backyard and uses the basement for storage and laundry. All three units have long term tenants. Current rents total $3,425 per month, $41,100 per year, with no vacancy. Comparable one bedrooms in small buildings nearby are renting for $1,500 to $1,700 with mid-level updates and $1,900 or more fully renovated, so there is real room to grow the income as leases turn. The neighborhood does a lot of the work here. The East Passyunk Avenue dining and shopping corridor is a few blocks away, along with the Singing Fountain at 11th and Tasker. The 9th Street Italian Market is a...