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5201 Lebanon Avenue

PHILADELPHIA, PA 19131
  • $499,000
  • STATUS: Pending
  • ON SITE: 31 Days
  • ID#: PAPH2357576
Pending
UPDATED: 75 min ago
$499,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,824
    SQFT
  • $274
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license"both extremely difficult and costly to acquire.Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation.The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking.com, and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic.This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance.This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T21:53:22.153.
www.soldbybroc.com/homes/150817350
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5201 Lebanon Avenue PHILADELPHIA, PA 19131

  • Price: $499,000
  • Status: Pending
  • On Site: 31 Days
  • Updated: 75 min ago
  • ID#: PAPH2357576
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1,824
SQFT
$274
$/SQFT
1920
Built
Neighborhood:
19131 (19131)
County:
Philadelphia
Area:
19131 (19131)
School District:
The School District Of Philadelphia
Property Description
Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license"both extremely difficult and costly to acquire.Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation.The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking.com, and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic.This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance.This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.
Exterior Features

Architectural Style TraditionalStraight Thru Construction Materials Masonry Garage Spaces 1.00 Garage Type Additional Storage AreaBasement GarageGarage - Rear Entry Garage YN Yes Lot Features SideYard(s)Front YardCorner Parking Features Public Parking Types DrivewayOn StreetAttached Garage Pool No Pool Property Condition ExcellentVery Good Roof Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1824 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CCeiling Fan(s) Exclusions Tenants personal property in unit 1/ground floor Fireplace YN No Flooring HardwoodTile/Brick Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(s)Combination Kitchen/DiningAdditional StairwayDining AreaFloor Plan - Open Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished Some

Property Features

Acceptable Financing FHACashVAConventional Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street N 52nd St Electric 200+ Amp Service Elevators 0 Existing Lease Type Long Term Foundation Details StoneConcrete Perimeter Heating Fuel Natural Gas Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 3 Original MLSNumber 803088388756 Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 1294.00 Tax Lot 93 Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning RSA5

Listing courtesy of Coldwell Banker Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T21:53:22.153.
 
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