1628 W Susquehanna Ave

Lower North Philadelphia, Philadelphia, PA 19121

Showings start 12-3 PM. Please have your agent reach out to confirm a time or call the listing agent. For sale, cash flowing LEGAL triplexes with variance for additional commercial unit bringing in total rents of $3,590 ($43,080 annual) with an estimated cap rate of 7.1%. Each building has the same layout with a four-bedroom & 2-bath unit, and (two) two-bedroom one-bathroom units. All separate utilities except water and includes in unit washer/dryers. Fire alarm monitoring in place paid to June 2024 and tax abatement for remainder of year. Buildings may be purchased together as a package or separate. Property was rebuilt from the ground up in 2013 including new electrical, plumbing, french drain, HVAC, windows, etc. Both of the commercial units are on the smaller end and were built as required by zoning. Currently used as storage for the owners but were rented in the past as a small office/ art studio. All leases are in place until May-July 2024. One lease ending 7/25/23 which will be marketed soon. 48 hours notice required to not bother the tenants. One of the partners is a licensed PA realtor.