Description
This turnkey, income producing Dickinson Narrows corner triplex is a must-see. The first floor offers an ample efficiency unit, with separate kitchen space and a large living room/bedroom. On the second floor, there is a two-bed/one-bath with a roomy living room. The top floor offers another one-bed/one-bath, but with access to the roof space which offers Center City skyline views. Additionally, 1600 S. Beulah has an attached garage-style storage space (not quite large enough for a car). Basement is concrete slab and provides ample storage. Building is fully separately metered, and tenants pay their own utilities. No laundry facilities on-site. All renters are currently on month-to-month leases, but have been stable, long-term tenants. Currently being rented at below market rates with significant room for growth. Annual rental income is currently $25,860/year, with comparable local units renting for up to 40-50% higher. With a Walkscore of 94, 1600 S. Beulah is easily accessible to public transportation and is also within walking distance to countless bars, restaurants, and coffee shops. LA is related to seller.
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0BEDS
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0.02ACRES
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0BATHS
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01/2 BATHS
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2,016SQFT
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$203$/SQFT
Description
This turnkey, income producing Dickinson Narrows corner triplex is a must-see. The first floor offers an ample efficiency unit, with separate kitchen space and a large living room/bedroom. On the second floor, there is a two-bed/one-bath with a roomy living room. The top floor offers another one-bed/one-bath, but with access to the roof space which offers Center City skyline views. Additionally, 1600 S. Beulah has an attached garage-style storage space (not quite large enough for a car). Basement is concrete slab and provides ample storage. Building is fully separately metered, and tenants pay their own utilities. No laundry facilities on-site. All renters are currently on month-to-month leases, but have been stable, long-term tenants. Currently being rented at below market rates with significant room for growth. Annual rental income is currently $25,860/year, with comparable local units renting for up to 40-50% higher. With a Walkscore of 94, 1600 S. Beulah is easily accessible to public transportation and is also within walking distance to countless bars, restaurants, and coffee shops. LA is related to seller.
©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-05T23:52:37.613.