512 S 23RD ST Philadelphia, PA 19146

Fantastic multi-unit in charming Fitler Square, just a short walk from Rittenhouse Square and University City! This building offers a common area courtyard making it a nice, quiet and private oasis in the midst of the city. Unit I is a wonderful 2 bedroom, 1 bath unit with open living room, wood flooring, nice eat-in kitchen with white cabinetry, granite counters and stainless steel appliances, spacious bedrooms and an all-new contemporary bath with oversized stall shower. Units J and K are both lovely 1 bedroom, 1 bath units with spacious, bright living rooms, nice kitchen nooks, multiple closets and nice full tile baths. All units have in-unit laundry. Tenants pay own gas and electric. Owner pays water. This is a great investment opportunity in a prime location! Rental demand has been strong and rents have consistently increased historically. A new owner could raise rents further in units J and K with just minor improvements. Unit I could also be an owner's unit for the right buyer. Operating expenses should remain low for years to come as the building is in sound condition, including up-to-date mechanical systems, premium grate drain basement drainage system (with transferable warranty), newer window system and roof, which comes with a 3 year warranty. The property is part of an HOA ($400 HOA fee per quarter) and is professionally managed. HOA fee covers expenses associated with all common elements: trash removal, walkways (including catwalks), landscaping, electric utility (lighting), liability and property insurance, snow and ice removal, etc.