Incredible opportunity to own a fully occupied 4 unit building in the heart of Mt Airy’s bustling business district with parking. The location is unbeatable, walk to markets, library, cafes, retail shopping, community parks and various public transportation options that give immediate access to downtown Philadelphia and New York City. This income generating property is perfect for an ambitious owner occupant or the savvy investor that has a keen eye for neighborhoods that are prime for rising equity.
Aside from its location on a beautiful block, 21 E Mount Pleasant Avenue comprises four one bedroom units with strong cash flow. The classic stone twin enjoys a Wissahickon schist facade with a quaint front porch and spacious rear garden. On the interior, each unit is in great condition featuring hardwood floors, oversized south west facing windows and fully-equipped kitchens and baths. The units are highly desirable with almost a non-existent vacancy rate. Create income traditionally or through AirBNB, the contemporary options and the long term hold strategies are both profitable. The income potential is very attractive with an immediate opportunity to increase rent roll. Northwest Philadelphia has been a best kept secret for generations but is quickly being exposed to national interest. Philadelphia’s tremendous value compared to other major cities in the Northeast corridor is apparent and anew wave of residents is steadily increasing awareness on Mount Airy's potential.
Northwest Philadelphia is the crown jewel. Enveloped by the endless natural beauty of the Wissahickon Valley, paired with the walkability of the village setting and easy access to the culture of Center City, this Mt Airy investment property will surely pay dividends for years to come.