Description
This triplex in Philadelphia's Mantua section offers a prime opportunity for investors looking to renovate and potentially expand a multi-unit property. The RM1 zoning allows for conversion into up to four units, providing flexibility for various investment strategies.The property's location in Mantua, an area experiencing a surge in new construction, suggests potential for neighborhood appreciation. This trend could positively impact future property values and rental demand.Currently configured as a triplex with a mix of one and two-bedroom units, the property requires a comprehensive renovation to reach its full potential and command market-rate rents. With a projected ARV of $750,000 to $800,000 post-renovation, this property presents an attractive opportunity for value-add investors in a developing Philadelphia neighborhood.
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5BEDS
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0.03ACRES
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3BATHS
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01/2 BATHS
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2,005SQFT
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$122$/SQFT
Description
This triplex in Philadelphia's Mantua section offers a prime opportunity for investors looking to renovate and potentially expand a multi-unit property. The RM1 zoning allows for conversion into up to four units, providing flexibility for various investment strategies.The property's location in Mantua, an area experiencing a surge in new construction, suggests potential for neighborhood appreciation. This trend could positively impact future property values and rental demand.Currently configured as a triplex with a mix of one and two-bedroom units, the property requires a comprehensive renovation to reach its full potential and command market-rate rents. With a projected ARV of $750,000 to $800,000 post-renovation, this property presents an attractive opportunity for value-add investors in a developing Philadelphia neighborhood.
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