4300-02 Osage Ave

MLS# 1002560866
Sold 5/29/2015

Property Description

If someone told you they were selling their cornerstone property around the corner from Clark Park, Green Line Cafe, the 34 trolley stop, the in-the-works Clarkville Beer and more than one major new construction project, you’d probably say, “Where do I sign?” Well, that brings us to 43rd and Osage. This fully occupied property is a University City investor’s dream, with consistent cashflow and the potential for increased rents, and a cherry on top in the form of an additional buildable lot. These charming classic West Philadelphia apartments with original hardwood floors, good ceiling height and lots of windows practically rent themselves. The front of the building is made up of three studio apartments, each with its own ductless HVAC unit; two of them have recently renovated kitchens with butcher block counters and white subway tile backsplashes. The first-floor two-bedroom apartment also had a recent kitchen redo with granite countertops, stainless steel appliances, including an induction stove, and has in-unit laundry. There is shared coin-op laundry in the basement for the rest of the tenants. The rear of the building features another spacious two-bedroom unit on the second floor, and a large top-floor one-bedroom. On one of the most coveted blocks within the Penn Alexander catchment area, this property has potential galore.

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