2626 N 11TH Street

Description

Welcome to 2626 N. 11th Street, a fully renovated (2017) legal triplex where the seller is offering a $20,000 seller assist that can be used toward closing costs, repairs, upgrades, or an interest rate buy-down. This well-maintained, income-producing property features updated kitchens and bathrooms throughout, providing modern finishes that attract and retain quality tenants while minimizing deferred maintenance. The first-floor unit is a renovated one-bedroom apartment currently renting for $1,213 per month. The second-floor two-bedroom unit is rented at $950 per month and is eligible for a PHA rent increase at the end of the current lease in August 2026, presenting built-in growth opportunity. The third-floor two-bedroom unit has also been renovated with an updated kitchen and bathroom and offers a projected rent of $1,200 per month. With separate utilities and strong rents already in place, this property is ideal for an investor seeking a stable, cash-flowing asset with minimal management requirements. Conveniently located near Broad Street, major highways, public transportation, neighborhood shops, schools, and parks, the property offers tenants easy access to Center City and surrounding areas, making it a highly desirable rental location. Investors also have the unique opportunity to purchase this property individually or as part of a package deal, as 2618, 2620, 2622, and 2624 N. 11th Street have all been renovated and will be available to be purchased together or separately, allowing for strategic portfolio expansion in one concentrated location. Whether you’re looking to expand your holdings or owner-occupy one unit while tenants offset your mortgage, 2626 N. 11th Street presents a compelling investment opportunity in a vibrant and well-connected neighborhood.