School District: The School District Of Philadelphia
Address: 1204-1206 E PALMER ST
Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Reconstructed from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 4 years remaining on the tax abatement these two properties are sure to cash flow! Currently vacant, the bi-level commercial space at 1204 is an easy move in for any local satellite office or small business creative space. This commercial space was previously rented out at $1,375. Two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases ending this summer, jump on the chance to live in one of the studios and rent out the rest of the property and maximize your investment return! 1206 has two, 2 bedroom residential units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful hard wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Both residential units at 1206 are currently occupied and are bringing in a combined income of $2,820. The commercial space at 1206 is a large bi-level office, currently being rented out month to month for $1,660. Spanning just over 4,000 square feet, these two triplexes really are a smart investment opportunity in the heart of Fishtown. Don’t miss your opportunity to make your investment dreams come true!
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