Property Description

Welcome to 5818 Woodcrest Avenue, Philadelphia, 19131 a triplex with a garage on a quiet, tree lined street in historic Wynnefield. The property consists of one 3br unit, one 2br unit, one 1br unit and a garage. All the apartments have central air, dishwashers, microwaves and garbage disposals. All but the 1 br unit have stainless steel appliances. Please note the photos are from before the units were occupied. All units are currently occupied – two with month-to-month leases (the 3br at $1,350 and the 1 br at $800, the 2br at $1,250 expires in July, the garage has 7 years left on a on a 10 year lease at $100). The apartment rents are significantly under market for the area. Once the units were leased only one unit was vacant and that was for about a week. It is a very marketable area and property. This property also offers an excellent opportunity for a potential Owner Occupant. Two of the units (the 2 or 3 br and the 1 br) could cover all but roughly $600 of a mortgage payment – the owner occupant would have a 2br or 3br apartment in Wynnefield for about $600 in a very nice neighborhood. The property works for an investor interested in immediate cash flow and value appreciation or an owner occupant looking for affordable housing and value appreciation. Close to St Joe’s, City Avenue, the River Drives, Schuykill Expressway and public transportation

Property Features

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