Welcome to this exceptional triplex located in the vibrant neighborhood of Olde Kensington! This fully renovated property, completed in 2016, boasts beautiful hardwood floors throughout and has been meticulously maintained. With a proven track record of success, it has experienced only one month of vacancy for one unit since renovations were completed, making it a fantastic investment opportunity.
This triplex consists of three well-appointed units, all featuring spacious layouts designed for comfort and convenience:
- **Apartment 1:** $2,145/month - A charming 2-bedroom, 1-bathroom unit with an inviting garden area, perfect for outdoor relaxation.
- **Apartment 2:** $1,978/month - Another delightful 2-bedroom, 1-bathroom unit featuring a private deck, ideal for enjoying morning coffee or evening sunsets.
- **Apartment 3:** $1,627/month - This cozy 2-bedroom, 1-bathroom unit also offers a deck, providing additional outdoor space for tenants.
With gross annual rents totaling **$69,000**, this triplex presents a solid income stream. The building benefits from separate gas and electric meters as well as independent HVAC systems for each unit, allowing for enhanced tenant satisfaction and reduced operational costs.
Situated on a quiet block amidst an impressive array of new construction developments, this property attracts amazing tenants who appreciate the charm of the neighborhood. The outdoor patios provide a wonderful space for tenants to unwind and enjoy the surrounding community.
Dont miss your chance to own this remarkable triplex in a thriving area with strong rental demand. It requires no repairs or updatessimply take over and start enjoying the benefits of this outstanding investment!
For inquiries or to schedule a viewing, please contact us today!
Presented By: Tesla Realty Group, LLC
Interior Features for 1614 N 2Nd Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1614 N 2Nd Street
Acceptable FinancingCash, Conventional, VA, USDA
AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Contingency TypeAppraisal
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
Directions1614 n 2nd st Philadelphia pa 19122
Garage Y/NNo
Gross Income69000.00
HeatingHot Water
Lease TypeYearly
Lot Size Square Feet1350.00
Lot Size UnitsSquare Feet
MLS Area19122 (19122)
ModificationTimestamp2025-04-07T12:47:59
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG317.12
Property ConditionExcellent, Very Good
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Septic
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeInterior Row/Townhouse
Subdivision NameOLDE KENSINGTON
Tax Annual Amount8905.0
Tax Assessed Value636200.0
Tax Lot194
Tax Year2024
Total Actual Rent69000.00
Total SQFT3738
Two Bedroom3
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA5
Exterior for 1614 N 2Nd Street
Foundation DetailsConcrete Perimeter, Brick/Mortar
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