3629 Powelton Ave

Powelton Village 19143
Sold 8/25/2011

Property Description

Incredible investment opportunity in the heart of Powelton Village. This grand corner property just off the Lancaster Avenue corridor is perfect for someone looking to expand their student rental portfolio. Owners’ current situation means they must sell. Well-maintained and with great rental history until very recently, the property does need some repairs, as reflected in the price. Pick it up in time for fall semester lease signings and you’ll be up and running in no time. Get in early on the current wave of Drexel-area expansion; the University recently launched a mortgage assistance program for faculty and staff. This six-unit building boast a large side yard, stately details like a wraparound porch and turret windows and charming apartments that have mostly been updated.

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