329 W Girard Avenue

Description

Invest in the heart of Northern Liberties & Fishtown with this exceptional real estate opportunity! This meticulously maintained mixed-use property boasts a prime location, offering turnkey stability with an upside with under market rents. The ground floor features a bi-level commercial retail space currently housing a busy hair salon. Tenant is currently $3,187 Monthly and has expressed interest in signing a long term lease. Above the retail space, the second floor presents a welcoming residential unit with two bedrooms and one bathroom with a private balcony. Ascending to the third floor, you+GGll find another residential unit, that resides a long term tenant also with two bedrooms and one bathroom. This unit distinguishes itself with a spacious roof-deck and an additional balcony that grants breathtaking views of Center City. Throughout all units, the property showcases hardwood floors and elegant picture frame molding with open concept kitchens including stainless steel appliances, granite countertops, and custom-tiled kitchen backsplashes and bathrooms. Each unit also features in-unit washer/dryer and a central monitoring alarm system. This property is characterized by its ease of maintenance, making it an attractive proposition for both long- term investors and owner-occupants. Currently, all residential units are rented at $2,200 / $2,220 a month significantly below the prevailing market rates, offering substantial potential for increased income, and easy to rent. New major repairs have include a new sewer line, basement water proofing with a new subpump, and rubber roofing for half of the roof. Additionally, the location grants easy access to major thoroughfares such as I-95 and 676.