Exceptional investment opportunity in the heart of University City and Powelton Village. The property's proximity to universities, hospitals, and amenities makes it ideal for student housing, faculty, staff, and medical professionals.
The spacious residence features five bedrooms, two bathrooms, a full living and dining area, an eat-in kitchen, exposed brick throughout, and high ceilings. A front enclosed porch and side and backyard decks offer outdoor space, and on-premises laundry adds convenience.
The location is truly unmatched, offering proximity to Drexel Park, Drexel's main campus, UPenn, hospitals, the Art Museum, 30th St Station, and more. Additionally, its location within a Qualified Opportunity Zone (QOZ) presents potential tax benefits.
Previously rented for $3,500-$4,000 per month, the property is now vacant and ready for minor or major updates to maximize its potential for the upcoming academic semester or down the road. With additional updates, there is potential to further increase rental income. A 3rd floor or roof deck may also be a possibility.
Furthermore, the option to purchase the neighboring property at 435 N 33rd St, a 3-unit multifamily building, for $715,000 presents an opportunity for expansion for a larger development project.
I encourage you to act quickly on this exceptional investment opportunity. Check out the virtual tour.
