1. Pennsylvania
2. Philadelphia
3. 2317 E WESTMORELAND STREET

2317 E WESTMORELAND STREET, Philadelphia, PA 19134

Property Description

Rarely offered, fully renovated 4-unit mixed-use property with long-term residential and commercial tenants. This property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income. Key Investment Highlights: ✔ Strong 8.0% Cap Rate – High-yield, income-producing asset ✔ Tax Abatement – 3 Years Remaining ✔ 100% Occupancy with Cash Flow – Long-term residential & commercial tenants ✔ Turnkey Condition – Low-maintenance, modern construction ✔ High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs ✔ Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances ✔ Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance ✔ Transferrable Roof Warranty – Added long-term value This prime investment property offers investors a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange buyers and portfolio investors! 📍 Location Perks: Close to public transportation, restaurants, big-box retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown. Don't miss this highly desirable, fully occupied asset The property generates an annual rent of $80,100 and is separately metered for electric. This property has a lot to offer with streamlined rental payments, secured waste management, and maintenance services. Don't miss out on this income-generating gem! Serious inquiries only. Prior to confirming ALL showings, Buyers must provide Pre-approval, POF or Bank Statement(s). Once received and verified, Broker will confirm.

Listing Status:

Active

Date Added:

May 28, 2025 at 05:00AM

Listing Office:

Red Door Real Estate : 8557331341

Listing Agent:

Sokhoung Choing : 8557331341

MLS ID:

PAPH2487798

Interior

• Flooring: Ceramic TileLaminate Plank
• A/C: Central A/C
• Heating: YCentralElectric
• Disability Feature: Doors - Swing In
• Eco/Green Feature: Lighting

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Sokhoung Choing, Red Door Real Estate