• 420 W SCHOOL HOUSE LN, PHILADELPHIA, Pennsylvania, 19144

  • $500,000
Investor or owner/occupant opportunity! Handsome Germantown stone detached Victorian 3-story home divided sensibly into 5 separate apartments: three 2 bedroom apartments; two 1 bedroom apartments. Positive cash flow even with current under market rents. Fully occupied with super tenants. Gas hot water heat included in the rents for the apartments, 4 of which enter via large first floor foyer. 5th apartment has separate entrance. Fireplaces, crown moldings, high ceilings, so many gorgeous Victorian details including open front porch. Lots of gardens in front and rear, and rear yard huge. Property 1/4 acre stretching 240' from front to rear. N.B. lease for apt #5 on 3rd floor is for $970, however tenant pays $870 and takes care of putting out trash, shoveling snow, mowing lawn and sweeping common halls and steps. All tenants pay electric and cooking gas on top of rent. Two gas boilers, both brand new! Common laundry in basement. Basement full, clean, high ceilinged. Easy access to bus, commuter rail. 10 minute drive to Center City. Short hike to the Wissahickon! Great property! Never without tenants.
$500,000
(215) 247 - 3750
420 W SCHOOL HOUSE LN
PHILADELPHIA
Pennsylvania
19144
PHILADELPHIA
Multi-Family
Sidewalks,StreetLights,Fencing
Fireplace
3.0
N
47X240
5
120Years
$4,052
PostedNovember 13, 2017