1,647 Sqft Lot
1,647 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID PAPH2649222
Year Built 2022
Available Date 2026-08-07
Annual Tax Amount $2,239
Tax Year 2025
Lot Size 1,647 Sqft
Acres 0.04
Lot Dimensions 18.00 x 92.00
Property Sub-Type Other
Source BRIGHT
Property Description
The property features four spacious 3-bedroom, 2-bathroom residences, Never been vacant, all fully leased for another year and generating $11,132 per month in rental income. Each residence showcases premium finishes, including quartz countertops, contemporary cabinetry, stainless steel appliances, spa-inspired bathrooms, central HVAC, in-unit washer and dryer, smart entry, intercom system, customizable lighting, and designer finishes throughout.
If you're looking for a completely turnkey investment with low operating expenses, minimal maintenance, and a property that essentially runs itself, this is the one. Whether you're completing a 1031 exchange or expanding your portfolio, Lotus offers modern construction, approximately seven years of remaining tax abatement, strong in-place income, transferable property management, and outstanding long-term appreciation potential in one of Philadelphia's premier investment corridors.
Ideally located just minutes from The University of Pennsylvania, Drexel University, CHOP, HUP, and Penn Presbyterian Medical Center, the property benefits from consistent demand driven by graduate students, medical professionals, researchers, and young professionals. Residents also enjoy convenient access to Lancaster Avenue, local Parks, public transportation, and Center City.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility 36\"+ wide Halls
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 061019400
Ownership Fee Simple
Security Features Intercom,Exterior Cameras,Carbon Monoxide Detector(s),Security System,Smoke Detector
Special Listing Condition Standard
Virtual Tour https://youtu.be/dIGn1kxx8NE
NEARBY SCHOOLS & PROPERTIES
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE 19803, United States