$499,000
Active
24 Days Online
0 Beds0 Baths1,824 SQFT
Active

5201 Lebanon Avenue Philadelphia, PA 19131

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyPhiladelphia
  • Taxes$1,294
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusActive
  • MLS ID NumberPAPH2357576
  • Home Size Source Assessor
  • Year Built1920
  • Lot Size0.07 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style TraditionalStraight Thru
  • Parking PublicDrivewayOn StreetAttached Garage
  • Sewer Public Sewer
  • Electric 200+ Amp Service
  • Basement Basement Garage
  • Number of Stories 4
  • Acreage 0.07
  • Water Public
  • Cross Street N 52nd St
  • Property Sub Type Triplex
  • Garage Spaces 1
  • Attached Garage Yes
  • Foundation StoneConcrete Perimeter
  • Zoning RSA5

Interior Features

  • Cooling Central A/ CCeiling Fan(s)Electric
  • Heating Forced AirNatural Gas
  • Flooring HardwoodTile/ Brick
  • Interior Ceiling Fan(s)Combination Kitchen/DiningAdditional StairwayDining AreaFloor Plan - Open
  • Fireplace No

Exterior Features

  • Roof Shingle
  • Spa No
  • Waterfront Property No
  • Lot Side Yard(s)Front YardCorner

Community Features

  • MLS Area 19131 (19131)

Schools

School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,642
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