4806 E Roosevelt Blvd, PHILADELPHIA, PA

About 4806 E Roosevelt Blvd

Smart investors won't want to miss this opportunity or Owner Occupant with a versatile three-unit property offering immediate rental income. Two units are currently rented with annual leases in place, while the third unit is vacant and ready for an owner occupant or new tenant. The property boasts an attractive 11% cap rate, making this an opportunity worth serious consideration for investors. Highly desirable off-street parking is a major advantage, plus, the property is located at the end of an alley. Economical natural gas heat helps keep operating costs manageable. Additional flexibility can be found in Unit 1, where the third-level attic offers potential for a home office or additional usable space. The partial lower level features a tub/shower and toilet rough-in, with an efficiency-style space already started—buyer to verify zoning and approvals for any additional dwelling unit. Location, location, location adds even more value, with a SEPTA bus stop just two or three doors away and the train station less than one mile from the property. The Northeast Tower Center is 200 feet away, offering convenient access to numerous retailers and restaurants, including Old Navy, Home Depot, Chick-fil-A, Panda Express, Walmart, and many more. With multiple income possibilities, desirable parking, convenient transportation, and an unbeatable location with shopping just steps away, this property offers investors an excellent combination of current income, flexibility, and future potential.

Listing Map