Patterson-Schwartz Real Estate5201 Lebanon Avenue, Philadelphia, PA 19131-3212 $499,000
With Pending Contract
Interior Sq. Ft: 1,824
Acreage: 0.07
Age:104 years
Taxes: $1,294
Design/Type:
End of Row/Townhouse
Description
***Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE!!*** Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL 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. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units!! 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 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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Ceiling Fan(s), Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service
Garage/Parking
Attached Garage, Driveway, On Street, Additional Storage Area, Basement Garage, Garage - Rear Entry, Public Parking, Attached Garage Spaces #: 1;
Interior
Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Additional Stairway, Hardwood Flooring, Tile/Brick Flooring
Exterior
Concrete Perimeter Foundation, Stone Foundation, Shingle Roof, Masonry
Lot
Corner Lot, Front Yard, SideYard(s)
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (125 schools)
Public Middle (20 schools)
Public High (52 schools)
Private (136 schools)
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Philadelphia (19131), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 35
- Average salary of people in this community: $38,096
Community Summary
- Population Density (ppl / mile): 7,954
- Household Size (ppl): 2.41
- Households w/ Children: 55%
Housing Inventory
- Owned: 8,544 (40.0%)
- Rented: 8,980 (42.0%)
- Vacant: 3,837 (18.0%)
- Total: 21,361
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.9%
- Some High School: 7.8%
- High School Graduate: 29.9%
- Some College: 26.4%
- Associate Degree: 5.5%
- Bachelor's Degree: 15.2%
- Graduate Degree: 12.3%
Income by dollar range
Median Income: $37,345
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $867
- One Bedroom: $959
- Two Bedroom: $1,137
- Three Bedroom: $1,058
- Four Bedroom: $1,543
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-740-2308
Listing Courtesy of: Coldwell Banker Realty , (215) 923-7600, cbpoldcityadmin@cbpref.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
