3128 W Montgomery Ave

Philadelphie, PA 19121

Here's an opportunity to add THREE (3) units to your rental property portfolio! Located at 3128 W Montgomery Avenue, this is a rare chance to acquire a fully occupied Triplex w/ a private rear driveway for at least one (1) car! This building was initially a full-gut renovation, and then once more updated in 2018 to modernize the kitchens and bathrooms. The Unit Mix of the building consists of Three (3) 1 Bed/1 Bath Units; the First Unit is the only unit that also has a Powder Room on the first floor, and exclusive entrance/exit access to the rear driveway. The driveway is currently being used by the First Unit tenant, however, no additional fee is being charged for its usage. Future owners of this building can begin to charge at least $200/M for parking. The units have a mixture of carpet, tile and hardwood flooring throughout. Kitchens are equipped with stainless steel appliances, tiled backsplashes, quartz countertops, and white shaker cabinetry. Each unit has been well maintained by the tenants w/ little to no deferred maintenance. Rent Roll on the building is as follows: Unit 1- $1,000/M Unit 2- $900/M Unit 3- $850/M (These rents are ALL UNDER-MARKET RATE! There's an opportunity to bump rents across the board by a couple hundred dollars each). Unit 1 and 2 are on Month-to-Month Leases; Unit 3 is on a standard yearly lease, ending on August 31st, 2023. This can be purchased for owner-occupants w/ an adequate Notice to Vacate.