2914 W Oxford Street

Description

Looking for the perfect turnkey investment opportunity with full approved tax abatement and a path to passive long term , low maintenance rental income? Look no further. This 3,600+ square foot, 5-unit Brewerytown single corner property is a savvy investor's dream, in the Tax Opportunity zone (QOF) in one of Philadelphia+GGs most rapidly appreciating neighborhoods, and with 4 of the 5 units leased so you can start making money on Day 1. Fully gutted to the studs and beautifully renovated by an esteemed local builder, it has new systems, roof, appliances, electric, and HVAC and all units are separately metered. Featuring an inviting front porch and brick facade, with far more personality than your typical new construction in the area, a shared entryway leads to 4 of the units with a separate entrance leading to the basement unit. Consists of a variety of sized apartments making for more flexibility with tenants. Live in one unit and rent the rest or rent them all in this high demand neighborhood. There are two 1 bed/1 bath units, two 2 bed/one bath units and one studio apartment with a full bath. All modern designs with bright open floor plans, hardwood flooring, and inviting kitchens with stainless steel appliances and recessed lighting, each with its own washer and dryer, and some with bay windows and great views. Clean, dry basement with plenty of storage and additional storage space accessed via side entry. 10 year roof warranty and manufacturers warranty on appliances and HVAC. Just a short walk to Fairmount Park, Lemon Hill, Kelly Drive, and the heart of Fairmount/Art Museum Area, Brewerytown is home to increasing numbers of wonderful restaurants and bistros and an easy commute to Center City, Penn and Temple University. In an area where home values and rents are quickly rising, tax advantages abound, and with a cap rate of 8 or higher, this is an opportunity you won+GGt want to miss!