4735 Hazel Ave

Cedar Park 19143
MLS# PAPH691418
Sold 4/24/2019

Property Description

This fully-rented apartment building is an ideal location near Baltimore Ave. Situated on a pretty tree-lined block, this totally turnkey building is a mix of studios and one bedrooms; has multiple outdoor spaces, including a communal side garden; and is full of quintessential West Philly charm. There are high ceilings, oversized windows and original hardwood floors throughout, and the bathrooms have a cool throwback tile either in black and green or black and yellow. The basement has exterior access and houses the mechanicals, coin-op laundry and individual locked storage spaces. All the front units are studios featuring spacious layouts and galley-style kitchens. The first floor has a private deck area overlooking Hazel Ave, while the second and third floors have Juliet balconies. In the one bedroom units at the rear of the building, the first- and third-floor units also enjoy private outdoor space, and all three have separate living rooms and kitchens. The seller installed a high-efficiency heater, new 200amp electrical service and, during tenant turnover, rewired three of the six units. An investor~s dream, this classic West Philly property enjoys consistent cashflow, low tenant turnover, and units that practically rent themselves.

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