Listed by Algernong Allen III of KW Empower
Updated Triplex in West Philly! Three Renovated 2 bedroom apartments, each with Central Air, in the Cedar Park community. Each unit rents for $1450,$1500, $1450, respectively for a gross income of $52,800. This three story corner property is a great opportunity for an investor looking to generate consistent cash flows with low maintenance. Each level hosts a two bedroom unit with high quality, durable laminate flooring, high ceilings, recessed lights, in unit washer and dryer, dishwasher, garbage disposal, and generously sized bedrooms. The apartment product lends itself to residents who have longer term tenancies. Situated on the north west corner each unit has an abundance of windows supplying natural light. Kitchens feature stainless steel appliances, Bathrooms feature ceramic tiling,durable yet classic. The property is a properly zoned triplex with each unit with separate utilities and Central Air. Separate electric and gas meters. Outdoor space has minimized the grass scape reducing the cost of lawn maintenance for the landlord. 4931 Warrington is properly zoned in the City record as a triplex. The basement is unfinished and runs the length of the structure. The utilities for each unit reside in the unit, such as the HVAC system or individual electric panel. This pocket of Cedar Park is close to the energy of Baltimore Avenue while feeling quietly tucked away. Pentridge Stationa neighborhood beer garden and event space featuring live music, local food vendors, and community programmingis just around the corner. Philadelphia Salvage has announced that its new headquarters will be next doo on Pentridge. PClark Park, Cedar Park, Booker's, Cleo Bagels, Third Wheel Cheese, Black Hound Clay Studio, Green Tambourine, Satellite Caf, Cedar Works, and the broader collection of Baltimore Avenue restaurants and shops contribute to the neighborhood’s distinctly local character. University City, Penn, Drexel, and CHOP are within easy reach, with convenient access to SEPTA’s Route 13 trolley, Route 52 bus, and the Media/Wawa Regional Rail Line. With all three apartments occupied and documented annual gross rent of $52,800, 4931 S Warrington Avenue combines immediate income, meaningful resident amenities, neighborhood connectivity, and a demonstrated history of property carean opportunity for its next owner to continue both its investment performance and its place in the community. Contact us for more information and to schedule an appointment today!

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