4735 Hazel Ave

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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