211 N 63rd is a rent ready, turn key, 5-unit multifamily building offering immediate income potential in West Philadelphia's Cobbs Creek/Haddington corridor. The property features two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, with all five units currently operating as a furnished mid-term rental program generating approx $7,500 per month. For investors seeking a traditional multifamily model, the property also offers a long-term rental pro forma of approximately $5,900 per month, or $70,800 annually. With no long-term leases to assume, the next owner has flexibility from day one.
The building has been thoughtfully updated with a new roof, updated mechanical systems, updated kitchens and bathrooms, and design-forward common areas. The units are fully furnished and rent-ready under the current rental program, allowing for a seamless transition for an investor looking to continue the existing operation. There is also a 225' deep lot which allows potential development to add additional units, subject to buyer verification of zoning and approvals.
Located just blocks from the Market-Frankford Line at 63rd and Market Station, the property offers convenient access to Center City, University City, Drexel, Penn, CHOP, and surrounding employment and education hubs. This an attractive option with heavy cash flow relative to other options perfect for yield-focused investors, conventional multifamily operators, or developers looking for future upside.
Available individually or as part of a package with 207 N 63rd Street, a 7-unit property listed separately for $685,000. Tours by appointment with 48 hours' notice.
