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3601-3603 Melon St is a pair of joined duplexes located in Philadelphia's booming Mantua neighborhood, a few blocks from Drexel University and a few minutes from the University of Pennsylvania. Built in 2014, these newer properties with gross rents of $49,680.00 per year, feature mirrored layouts with a total of four 2-bedroom, 1-bathroom apartments. Each apartment has the bedrooms on opposite ends, great for roommate privacy, a full hall bathroom, and an open living room and modern kitchen at the center. The lower units have access to the rear yards and the basements. The owners expenses are minimal and the buildings offer a 7.5% cap rate. This is a fully rented, turnkey opportunity! Not only is this location minutes from nearby universities, it's also close to the Philadelphia Museum of Art, Kelly Drive, the extensive Schuylkill River Trail, and the Philadelphia Zoo. Plus, there's easy access to public transit, I-76, and I-676. Schedule your tour today!
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th June, 2023 4:13 AM (UTC)