515 Burnham Road

Philadelphia PA 19119

2760 sq. ft.

2428 sq. ft.

Duplex

Currently for sale - view listing

Overview

This is an incredible investment opportunity! Newly renovated and meticulously cared for triplex on a quiet street in beautiful West Mt Airy. This investment property has a history of long-term tenants and annual rent increases built into the leases. This triplex boasts a current cap rate of 6% with future growth! Sellers have done all the work for you including but not limited to newer windows, individual heating systems, electric, and 4 water heaters. Coin-operated laundry in the basement. Updated baths, kitchens, refinished hardwood floors, custom built-ins, and neutral paint. One unique feature of this property is the wrap-around driveway (no longer used for parking) which makes a great outdoor space for the tenants. Sellers have kept impeccable records and reports, and full leases are available upon request. BONUS- The adjoining twin (517) is the mirror image and is also available for sale at $750,000.00. Purchase BOTH and own 6 UNITS UNDER ONE ROOF! Much more information is available in the seller's disclosure and supporting documents. This property is just minutes to Lincoln Drive and a 15-20 minute drive to Center City, 5 minutes to Chestnut Hill, and 5-10 minutes to Manayunk. Walk to the Wissahickon trails and the Upsal Train Station (Chestnut Hill West line). Walk or bike to Weavers Way. Don't hesitate and miss out on this amazing opportunity!

Features

3 bedrooms

2760 sq. ft. floor area

2428 sq. ft. lot size

Duplex

Happy sellers in Philadelphia

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.