Welcome to 6803 Woodland Avenue - a legal, renovated triplex in Southwest Philadelphia offering a prime opportunity for passive, hassle-free income. Currently occupied by reliable Section 8 tenants, this property provides stability, guaranteed income, and minimal management efforts - making it the ideal investment. Section 8 allows for rent increases… Read More every two years. Two units are due for an increase in November 2024, boosting future cash flow. Tenants pay rent through Buildium, an online property management platform, ensuring consistent, automated payments. The seller provides a list of trusted local maintenance professionals (plumbers, HVAC techs, landscapers, etc.) to ensure smooth ongoing management. The seller is committed to a seamless transition, offering tenant payment history and proof of current Section 8 payments for due diligence. With reliable tenants in place, stable Section 8 income, and recent upgrades, this property offers the perfect opportunity to step into the role of a passive investor. Don't miss out on this solid investment in a growing market! Read Less
Courtesy of Michelle Phillips, Luxe Real Estate LLC [email protected]
Listing Snapshot
Days Online
50
Last Updated
Property Type
Townhouse
Square Ft.
1,950
Lot Size
0.05 Acres
Year Built
1920
MLS Number
PAPH2399006
Additional Details
Basement
Unfinished
Building
1,950 sqft living area, Built in 1920, Structure Type: Interior Row/Townhouse, 3 units in building, Traditional, Masonry
Cooling
None
Heating
Natural Gas, Forced Air
Lot
2,300 sqft, Lot Size Dimensions: 23.00 x 100.00, 0.05 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 3, 1 one-bedroom unit, 2 two-bedroom units
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