261 High StPhiladelphia, PA 19144

Property Details for 261 High St

Property size (Sq ft)

7,300 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a six-unit multifamily property situated in Philadelphia's vibrant Germantown neighborhood at 261 E. High Street. The 7,300 square foot property comprises two detached homes, offering a unique blend of historical charm and modern investment potential. The main structure, a stunning Victorian home, features a breathtaking three-bedroom, bi-level unit with preserved original woodwork and flooring. This unit presents a versatile option, potentially suitable for conversion into a high-yield Airbnb or owner occupancy upon lease expiration. Five additional units are located within the Victorian property. A sixth, detached three-bedroom unit, boasting a spacious open layout, sits behind the main house. Both detached homes include access to two separate garages currently generating rental income, along with ample parking for tenants. The property's prime location offers easy access to public transportation, schools, and shopping centers, ensuring a strong tenant pool. This well-maintained property, with its spacious living areas and significant curb appeal, promises steady rental income and substantial appreciation potential. Detailed financial projections are available upon request. This is a rare opportunity to acquire a substantial multifamily property in a desirable Philadelphia location.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.043

Longitude

-75.1745

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