Love garages? Looking for a high-performing investment property with an impressive cap rate and reliable tenants? Welcome to 523 W Venango Avenue. This pristine corner triplex with three garages showcases the care and attention the owner has invested. Each unit has been thoughtfully updated with modern kitchens, new flooring, renovated… Read More bathrooms, and electric baseboard heating. The building offers a mix of one studio, one two-bedroom, and one one-bedroom apartment. The garages are a standout feature - equipped with electric roll-up doors, heating, excellent overhead lighting, and extra storage space, plus a bonus upstairs mini office with AC and heat. The basement has been set up as a workshop, adding even more versatility to the property. Recent upgrades highlight the property's turnkey condition, including a new roof installed in 2022, four new water heaters added in 2023, 100-amp service for each apartment, replacement windows throughout, and current lead testing. This is a rare opportunity to own a fully upgraded property with strong income, modern improvements, and unique features that set it apart. Close to Temple and Temple Hospital, close to several bus line and stores for tenants within walking distance. Read Less
Courtesy of Kate Vail, Elfant Wissahickon-Rittenhouse Square [email protected]
3,074 sqft living area, Built in 1925, Major renovation in 2022, Structure Type: End of Row/Townhouse, Wall & Ceiling Types: Dry Wall, 3 units in building, 2 levels in building, Back-to-Back, Contemporary, Masonry
Cooling
None, Window Unit(s)
Accessibility Features
2+ Access Exits
Floors
Ceramic Tile, Partially Carpeted, Vinyl
Foundation
Brick/Mortar
Garage
3 garage spaces
Heating
Electric, Baseboard - Electric
Income
Gross Income: $66,900, Apartment Rentals
Lot
2,066 sqft, Lot Size Dimensions: 21.00 x 100.00, 0.05 acres
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