Property Description

Turnkey 4-unit Victorian quadruplex in the heart of Cedar Park, one of West Philadelphia's most durable rental submarkets. Built in 1889 and extensively updated: all four rental units remodeled within the last five years, HVAC and water heater replaced within last three. Approximately 2,535 rentable SF across four units, including a stunning 1BR/2BA owner's unit. In-place gross rent is $2,950/month with Unit 1 owner-occupied. Bringing that unit to market takes stabilized gross rent to $5,050/month, a 71% lift, and a 7.02% pro forma cap rate at list price. Near-zero vacancy history. Steps to Baltimore Avenue and Clark Park, with trolley access on Routes 34 and 13 and roughly three miles to Center City. Walkable to the University City hospital systems, UPenn, Drexel, and St. Joseph's. Four-unit classification keeps it eligible for conventional, FHA, and VA financing, so owner-occupants and investors both qualify. Full rent roll and financials available on request.

Property Features

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