1503 W Girard Ave, Philadelphia, PA 19130

Description

A rare opportunity for the savvy investor to acquire a fully occupied, income-producing triplex with a compelling future value-add component in the heart of Francisville. What truly sets this apart is the 150-foot-deep, street-to-street parcel extending from Girard to W Flora Street. With RM-4 zoning, the depth and rear frontage may present an exciting opportunity to explore subdivision and additional development along Flora Street, subject to zoning, subdivision, and City approvals. The existing triplex generates $63,984 in annual gross rental income and consists of three well-maintained, updated units, each featuring central air conditioning. All three units are currently furnished and leased on flexible three- to six-month terms, with the furniture included in the sale. A new owner can continue the current furnished rental strategy or transition the units to traditional long-term leases as existing leases expire. The location is just one block to Broad St. and convenient subway access, the property offers exceptional connectivity to Center City, Temple University, and surrounding neighborhoods, creating a strong rental location for students, professionals, commuters, and longer-term residents alike. For investors looking to scale, 1501 W Girard Avenue, the neighboring six-unit property, is also separately available. Together, the two properties offer the opportunity to acquire nine existing units across adjoining properties, while potentially unlocking additional value from the unusually deep, street-to-street parcels and Flora Street frontage. Existing cash flow today, flexibility in rental strategy, and a potential development play for tomorrow, offering multiple paths to create long-term value in one acquisition.