523 Dickinson St, Philadelphia, PA 19147

Property Description

Welcome to 523 Dickinson Street, a legal triplex offering an excellent opportunity for investors seeking rental income with immediate upside. The property features three residential units, all separate utility meters, and a desirable South Philadelphia location in the 19147 zip code. The first-floor unit is currently occupied and generating $1,300 per month, providing immediate rental income to the new owner. The second-floor unit is vacant and offers an estimated rental opportunity of approximately $1,300 per month, while the third-floor unit is also vacant and offers an estimated rental opportunity of approximately $1,195 per month. At projected rents, the property has the potential to generate approximately $3,795 per month, or $45,540 annually, in gross rental income. The two vacant units provide a new owner the opportunity to live in one unit as an owner-occupant or to lease up the property and increase overall cash flow. Separate meters further enhance the investment profile by allowing for more efficient utility management. Offered at $549,000, this is an excellent opportunity to acquire a legal triplex with an existing income stream, additional rental upside, and the potential for long-term appreciation in one of Philadelphia's highly sought-after neighborhoods. Conveniently located near Center City, Passyunk Square, shopping, restaurants, public transportation, and major roadways. Whether you're an experienced investor expanding your portfolio or a buyer looking for an income-producing property, 523 Dickinson Street is worth a closer look.