With potential annual gross rental income of $81,600 at full occupancy, 3414 Spring Garden Street offers a three-unit investment opportunity in Philadelphia's Mantua neighborhood. This triplex features 3,214 square feet of assessor-reported living space, with 11 bedrooms, eight full bathrooms, and one half bathroom across one five-bedroom apartment and two three-bedroom apartments. Projected monthly rents of $3,000, $1,800, and $2,000 total $6,800 per month before expenses. Located one block from Drexel University and a few blocks from the University of Pennsylvania, the property offers a convenient setting for student-housing investors and Drexel parents considering a purchase near campus. The layout also offers the potential to occupy the five-bedroom apartment while renting the two three-bedroom apartments, subject to existing leases.
| MLS # | PAPH2678916 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 10 |
| Listing Provided By | TCS Management, LLC | Alex C Prince |
| SQ Feet | 3,214 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | RM1 |
| Acreage | 0.09 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 16304 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | UNIVERSITY CITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $749,000 low | high Med: $3,200 sqft: 3,214 low | high Med: 2,325 $ / sqft: $233 low | high Med: $1 On site: 10 low | high Med: 86.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | UNIVERSITY CITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $749,000 low | high Med: $3,200 sqft: 3,214 low | high Med: 2,325 $ / sqft: $233 low | high Med: $1 On site: 10 low | high Med: 86.5 | |