Great investment property yielding an almost a 10% cap rate you simply can't go wrong with this well-maintained three-story triplex located on Haverford Ave. with good access to public transportation. All units are two bedrooms one bath with a good functional layout. The first floor was recently ungraded with a new kitchen, new flooring, ceramic bath new heating and central air conditioning system, this unit has sole access to a huge rear yard, large basement and would make a great owner occupant unit. The second and third floor units have gas fired hot water heating system with radiators but no air conditioning. The basement is full cement with a washer and dryer for the first-floor unit.
Current rents, first floor $1195 lease expires 7/31/23. Second floor rent is $1000 per month with the lease expiring 4/30/24. Third floor rent is way under market at $785 per month with the lease expiring 1/31/24. All leases have 90 days' notice. The first floor will be moving 7/31/23. Rents in the area are at about $1100-$1200 per month so there is a great improved value.