5000 Florence Ave, Philadelphia, PA 19143

Currently a Triplex with RM-1 Zoning allowing you to change it back into your dream home single family or add an additional 2 units as multi-family. As a 1st time homeowner looking to house hack or a seasoned investor 5000 Florence Ave is ideal. Complete with a two-car garage that is perfectly suited for a future roof deck addition. With RM-1 zoning, the property allows for expansion of up to five units by right, offering a rare and valuable opportunity for both developers and investors. Currently the 3 units are rented with leases through March 2026, two 2bed/1bath and one 1bed/1bath bringing in $48,000 annually. The home features a walk-out basement with shared laundry facilities and side yard garden, fire pit, and seating—ideal for entertaining on cozy fall nights. The building was owner occupied for more than 15 years always with a history of strong rental performance. Current rents remain under market, creating immediate upside for increased returns. Offered in As-Is … read more …