4721 Springfield Ave

Property Description

This turnkey triplex is on a lovely tree-lined University City block, right between the 13 and 34 trolley lines, within the Penn Shuttle service area (for UPenn, University of the Sciences and UPenn Health System employees and students) and a short walk to Clark Park and the Baltimore Ave strip. Recent improvements by the seller include new 200-amp electric service, all furnaces replaced, extensive roof work, and new sidewalks and grass. Tenants pay their own gas and electric, leaving just common electric (which runs about $100/month) and cold water/sewer to the landlord. The units themselves are classic West Philly apartments: large rooms with original hardwood floors, oversize windows and great original details intact. There is shared laundry in the basement, which has a separate exterior entrance. Great building, great location-it’s a breeze to keep these units rented. The second-floor tenant just moved out and the unit is being left vacant for ease of showing; it was rented for $1,060/month. The other units are currently occupied with rents slightly below market.

• $399,900 – SOLD
• 3,129 sq ft
• Three 1 bd/1 ba units

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