359 Lyceum Ave

Highlights:

• Days on Market: 65
• Heating: Hot Water

Description:

359 Lyceum is a light value-add 5-plex (5 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. Also available with 4381 Pechin (one block away - 5 units) and 401 Lyceum (5 units - one block away) — for a total of 15 units for $2,549,000. 359 Lyceum is comprised of three (3) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with a private driveway for 1:1 tenant parking and private auxiliary unit/ADU. Invest in a Top-10 USA MSA with this 7.85% CAP multifamily real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Buy one, two, or all three buildings. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials.