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5201 Lebanon Avenue, Philadelphia, PA 19131

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For Sale
Sale Pending

$499,000

1,824 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • 1920
    Year built

  • $273.57
    Price per square foot

  • 1 Car Garage
    Garage Count

Explore this Property

Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license-both extremely difficult and costly to acquire. Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation. The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking.com, and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic. This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance. This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.
MLS# PAPH2357576

Courtesy Of Coldwell Banker Old City

(215) 923-7600

Property Features

  • Cooling
    Central A/C
  • Garage Count
    1 Car Garage
  • Heating - Fuel Type
    Gas
  • Heating Type
    Forced Air
  • Lot Size
    0.07 Acres
  • Sewer
    Public
  • Style
    Other Style
  • Water
    City Water

Map and Directions

Directions to 5201 Lebanon Avenue, Philadelphia, PA 19131

Home seller CENTURY 21 Forrester Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Forrester Real Estate

(215) 334-3333
Learn More About Us

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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