540 E Johnson Street

Philadelphie, PA 19144

Welcome to this great investment opportunity!!! Located in the blossoming Germantown/Mt Airy neighborhood. Just a few blocks away from the cobblestoned streets of historic Germantown Avenue with it's boutique shops, restaurants, coffee shops, and entertainment. This beautiful semi-detached triplex boasts two 2BR/1BA (1st & 2nd floor) units and a 1BR/1BA unit on the 3rd floor. Each well maintained unit includes spacious living areas and bedrooms, full eat-in kitchens, and ample closet/storage space throughout. Surrounded by a well kept fenced in front, side, and rear yard. The 1st floor apartment has its own access to the rear yard. Steps away from public transportation via SEPTA bus or rail lines. With a community park directly across the street and a community recreation center just 3 blocks away, this property can accommodate anyone or family's lifestyle. Separate gas and electric meters for each unit, tenants are responsible for payment of these utilities. Owner is responsible for water utility payment. 2nd floor apartment is currently occupied. Rental comps in area have monthly rents of $1150 - $1400 2BR/1BA and $900 - $1100 1BR/1BA. 2nd floor 2BR/1BA is currently renting at $750 month, well below comps. That lease has been paid in advance to January 1st 2022. 1st and 3rd floor apartments are vacant and available for tours. Please do not disturb 2nd floor tenants during property tours. Thank you!