None Available Homes with Quadruplex Subtype

None Available Homes with Quadruplex Subtype

Welcome to the enchanting world of Quadruplex homes, where comfort meets opportunity! Nestled in the heart of the United States, this subdivision offers a unique living experience that caters to both investors and families alike. While detailed information about the subdivision may be limited, the allure of Quadruplex homes is undeniable.

Imagine a property that not only provides a cozy haven for your family but also offers the potential for rental income. Quadruplex homes are designed to house four separate living units, each with its own entrance, kitchen, and living space. This innovative layout allows for a harmonious blend of privacy and community, making it an ideal choice for multi-generational living or savvy investors looking to maximize their real estate portfolio.

The Quadruplex homes in this area boast modern designs, spacious interiors, and the flexibility to accommodate various lifestyles. Whether you're seeking a vibrant neighborhood to raise your children or a strategic investment opportunity, these homes provide the best of both worlds. With easy access to local amenities, parks, and schools, residents will enjoy a lifestyle that balances convenience and comfort.

If you’re looking to explore the potential of Quadruplex living, this subdivision is a hidden gem waiting to be discovered. Embrace the possibilities that come with owning a Quadruplex home, where each unit can be tailored to meet the needs of its residents while fostering a sense of community. Dive into a world of opportunity and make your move today!

Newest None Available Homes with Quadruplex Subtype

$533,500
PAPH2634846 MLS ACTIVE Status
Rare opportunity to acquire a fully occupied, turnkey 8-bed / 8-bath legal quad with long-term tenants through 2027, an active rental license, $60,636 in annual gross income, and room for value-add! Located right near the Queen Lane train station, it’s under a 25-minute ride straight to Suburban Station in Center City Philadelphia. You’re also right by William Penn Charter School, the Germantown Friends School field, and the Thomas Jefferson East Falls campus, with quick access to Route 1 and I-76, and (last but not least) Dunkin. This is a very strong location that attracts high-quality rental demand while still leaving plenty of room for appreciation in the years to come. The property has an excellent setup of 8 beds and 8 full baths, which makes it easy to lease. The basement is a 2-bed / 2-bath with luxury renovations, stainless steel appliances, a bar area, two fireplaces, beautiful bathrooms, and a washer and dryer. Unit 1 is a large, updated 3-bed / 3-bath with backyard access and washer/dryer. Unit 2F is a spacious 1 bed / 1 bath with a gorgeous kitchen and dining area, a stone accent wall, and washer/dryer. Unit 2R is a cozy 2 bed / 2 bath with backyard access and washer/dryer. Every unit in the building has its own washer and dryer, a big plus for tenants and for leasing speed. Current tenants have been in place since 2023/2024, and they’re respectful, caring, and would like to stay. In Philadelphia, great tenants are paramount, and this property has them. Tenants have separate electric meters. The owner pays gas heating ($2,160/yr) and water ($2,040/yr), and insurance of $3,500/yr ( 3 out of 4 units have two points of exits - great for lower insurance). Current rents are as follows: the basement (2 bed / 2 bath) is $1,690/mo with a lease ending 06/30/2027; Unit 1 (3 bed / 3 bath) is $1,353/mo ending 09/30/2027; Unit 2F (1 bed / 1 bath) is $1,045/mo ending 06/30/2027; and Unit 2R (2 bed / 2 bath) is $965/mo ending 11/30/2026 (potentially renewing). The property currently carries a homestead exemption with taxes just under $5,000; without it, taxes would be $6,100. Using the $6,100 figure, a 5% maintenance allowance, 3% vacancy, a $500 trash fee, $200 for rental license, and $300 for snow removal , insurance and utility expenses, the total expenses come to $19,965; NOI is $40,985, for a 7.68% cap rate at the $533,500 asking price. On turnover, the new owner has room to add value by spin flight cosmetic improvements, pushing NOI and the cap rate well past 9.5%. This is an easy to maintain income producing property from day 1 with high quality rental demand and potential for higher returns.

5230 Schuyler St, Philadelphia

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