3921 Cresson St

Landlord and Developer alert! This parcel is a great candidate for future or present development! Presently, this under-rented 3-story Single triplex with 4-car garage represents a prime opportunity for someone new to take over from the longtime owner! Priced like a newly refurbished area Rowhouse, this “AS IS" special features tremendous income potential! Current apartment rents reflect big upsides with new owner improvements; and adding current income from four garage rents ($165-$195) make this a very enticing opportunity. Enter from Cresson St into a foyer with doors to 1st and 2nd floor apartments. The longtime tenant at the 1st floor apartment ($1025/month) enjoys spacious living with 5 rooms, a bathroom, use of the full basement and all of the yard maintenance responsibility. The 2nd floor’s 1-bedroom apartment ($1025/month) was updated before this most recent tenant. Open Seville St’s backyard gate and go up the exterior stairs to the foyer and hall bathroom with access up to the rest of the 3rd floor apartment (projected rent $1000/month). All apartments benefit from use of the fenced courtyard and is regularly accessed from both the 1st and 3rd floor units. The four garages have been separated and each enjoy overhead lighting. There is a small storage shed attached to the rear of the garage. All three apartments have separately metered gas and electric service, minimizing owner overhead. Attached are ample documents for your review: RSA5 Zoning for New Construction, Present Plot Plan, City Certification, Rental License, Lead-Safe Documents, Leases and Disclosures. Call for your appointment today!

Price Change History for 3921 Cresson St, PHILADELPHIA, PA (MLS® #PAPH2518720)