537 S 55th Street

Philadelphia, PA 19143

Great fully rented Triplex on a beautiful block in the in the Malcolm X Park area across from the historic Boys Latin High School. The property has two 2 bedroom, 1 bath units, and one 4 bedroom, 2 bath unit. The entire building makes great use of its space. All the units have commercial grade laminate flooring, fully renovated tiled bathrooms and kitchens, new paint, new central air and heating systems and new hot water heater systems. Each unit has all new windows, offering tons of natural light; combined with the shade from all the trees and the high ceilings, each unit feels really light and airy. All the plumbing, electrical, mechanicals and roof are less than 4 years old. The building is perfectly located near public transit, public space and walkable corridors. Building was renovated between 2016 and 2017 by an affiliate of Spak Group, a local business and development company. Property is fully rented, but could make an amazing owner-occupied, triplex with rental income. Total Rent is $36,240 per year.