450 Lyceum Ave

Philadelphia, PA 19128

EXCEPTIONAL OPPORTUNITY: This four-unit apartment building located in a highly-desired neighborhood of Roxborough offers one spacious two-bedroom and three one-bedroom apartments each with tons of characters and historic charms and all units are in very good shape and the basement has a coin-operated laundry and also a huge storage for each unit and a half bath in public area. There are 4 parking spaces in the back of the building with a two-car garage (separately rented for $450) at the front. This corner gem, designated historic by the City of Philadelphia early 2022, currently generates around $70000 in annual rent. The building is fully occupied with great tenants and has no vacancies during the Seller's ownership and unbelievably rented out in less than 2 weeks. There is a great potential to increase the property cashflow by easily converting part of the huge porch into a bedroom in unit 2. This beauty is step away from Ridge Ave with tons of stores and restaurants and there is a bus stop conveniently located at the front of property and a short drive to main Street Manayunk and easily accessed from I76 and 20m drive to center city or the Mainline. This turnkey investment will not last. Schedule your tour today and because the units are fully occupied, it requires 24-hour notice to show. Please note that the city of Philadelphia has conducted a tax reassessment effective Jan 2023 and accordingly, the buyer agent is responsible for informing clients of 2023 taxes.