Description
Turnkey Investment with Immediate Cash Flow!Positioned along a high-visibility corridor in Philadelphia, 1201 E Lycoming St presents a compelling income-producing opportunity with a strong unit mix and immediate revenue in place.This four-unit property includes three residential units and one street level store-front unit, creating multiple income streams within a single asset. The residential component consists of one 1-bedroom unit, one studio-style 1-bedroom unit, and one 2-bedroom unit. The street-level unit benefits from strong visibility and direct access, offering flexibility for a variety of permitted uses subject to buyer verification.The property generates in-place income with the street-level storefront and studio leased together for $1,135 per month, while the 2-bedroom residential unit is leased at $725 per month. The 1-bedroom residential unit is currently vacant, with a projected market rent of approximately $725 per month.For investors seeking an income-producing asset with existing cash flow and room for future value enhancement, this property represents a strong addition to a Philadelphia investment portfolio! Seller is a Pennsylvania, licensed real estate broker.
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Description
Turnkey Investment with Immediate Cash Flow!Positioned along a high-visibility corridor in Philadelphia, 1201 E Lycoming St presents a compelling income-producing opportunity with a strong unit mix and immediate revenue in place.This four-unit property includes three residential units and one street level store-front unit, creating multiple income streams within a single asset. The residential component consists of one 1-bedroom unit, one studio-style 1-bedroom unit, and one 2-bedroom unit. The street-level unit benefits from strong visibility and direct access, offering flexibility for a variety of permitted uses subject to buyer verification.The property generates in-place income with the street-level storefront and studio leased together for $1,135 per month, while the 2-bedroom residential unit is leased at $725 per month. The 1-bedroom residential unit is currently vacant, with a projected market rent of approximately $725 per month.For investors seeking an income-producing asset with existing cash flow and room for future value enhancement, this property represents a strong addition to a Philadelphia investment portfolio! Seller is a Pennsylvania, licensed real estate broker.
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