$599,000

207 N 63rd Street is a rent ready 7 unit multifamily building offering tremendous cash flow with additional development upside in West Philadelphia’s Cobbs Creek/Haddington corridor. The property features two 2 bedroom 1 bath units and five 1 bedroom, 1 bath units. Approximate monthly income of $8000/mo. The building has been updated with a new roof, updated mechanical systems, finished kitchens, updated bathrooms, and accent finishes throughout. The units are offered fully furnished or can be delivered empty. The lot goes street-to-street with a 225' deep lot, which may support a potential development opportunity to build an additional apartment building behind the existing structure, subject to buyer verification of zoning, approvals, and feasibility. This creates a unique opportunity to acquire stabilized in-place income while exploring future development potential. The property offers convenient access to Center City, University City, Drexel, Penn, CHOP, and surrounding employment and education hubs for immediate rental demand and strong cashflow. Available individually or as part of a package with 211 N 63rd Street, a 5-unit property listed separately. Tours by appointment with 48 hour notice.