3225 Mount Vernon Street

Description

Great Investment Opportunity or Live / Rent Opportunity just a few blocks from Drexel University! This 1800+ sqft property is properly zoned for Duplex.Located just a five blocks from Drexel Campus and Drexel Park (as well as the Schuylkill Trail, this is a fantastic location for student renters, as well as travelers, and local residents. Rentals in the surrounding blocks are always at full capacity! Currently rented through August 31, 2021 (with an opportunity for renew 90 days prior) with Gross Rents of only $2,400 per month; there is much room to grow here as anticipated rents are $3,275 per month. This duplex houses a 1 bedroom, 1 bath and 3 bedroom, 1 bath units that have freshly updated, had new bathrooms installed in 2016, upgrades to kitchens with laundry added; and yet, there is much more room for growth. Central air can easily be added with existing ductwork and heating systems. All window A/C units and appliances are included in the sale.Situated close to all that University City has to offer and is not far from mass transit; including 30th street station, regional rail and Amtrak. Don't miss out on this fantastic income generating opportunity! This property is being sold "As is, Where is".