Property Description

Exceptional fully leased Triplex in the Qualified Opportunity Zone (QOZ) in the Powelton area of University City. This property is situated just minutes from Drexel University, the University of Pennsylvania and the University of the Sciences, offering prime access to some of Philadelphia’s most sought after colleges. Nestled on a quiet street but also steps from public transportation and University City amenities, this property boasts outstanding walk (85), transit (89) and bike (98) scores. This 13 years old well-maintained, ground-up construction triplex features hardwood floors, in unit laundry, stainless steel appliances, and large windows for abundance of natural light, each with separate utilities. The kitchens are equipped with shaker-style cabinets, granite countertops, dishwashers, garbage disposals, microwaves, and refrigerators. The building consists of: Unit 1: 5-bedroom, 2-bath bilevel with a private yard, Unit 2: 2-bedroom, 1-bath with a private rear deck, Unit 3: 2-bedroom, 1-bath with a private roof deck . With rents well currently below market value, there are significant potential for future rent increases and value add. The property is also located near several major development projects, including 3.0 University Place, Schuylkill Yards, uCity Square, and the Science Center, making it a strategically sound long-term investment. This turnkey asset is ideal for both investors and owner-occupants. The property falls under the FHA limit for four-unit buildings and qualifies for Fannie Mae/Freddie Mac’s new 5% down owner-occupied multi-family program. With strong appreciation and rental growth potential, this is a rare opportunity in a high-demand area.

Property Features

Local Schools