1011 S 47th St

Philadelphia, PA 19143

Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and 1 bathroom unit with a wrap around porch. Second floor consists of a spacious 1 bedroom and a studio, each original hardwood floors and plentiful windows for natural light. The third floor unit is an updated 2 bedroom with new flooring and paint throughout and an opportunity to increase rent. The roof is newly updated and there is a new shared washer and dryer in the basement! Three units are occupied with quality leases and 1 is vacant, all with the opportunity for increased rents in the future. Highly desirable and picturesque block close to University of Pennsylvania, Clark Park, and University of the Sciences. Steps from popular neighborhood restaurants, bars and shopping on Baltimore Ave and easy access to Center City and the rest of Philadelphia through the nearby trolley stops, bus routes and main throughways to downtown.