607 N 64th St, Philadelphia, PA 19151

Property Description

Rarely available, large semi-detached triplex in the heart of Overbrook. 607 N 64th St has been family-owned for decades and is now ready for a value-add play. With a neighboring duplex selling for $410k in Feb 2025, this triplex offers immediate built-in equity and a significantly higher rental ceiling once updated. This property is a premier candidate for a "buy-and-hold" investor or a savvy owner-occupant looking to "house hack." This property offers significantly more square footage and unit count than the neighboring sale, with major capital upgrades already completed. PRIME LOCATION & LIFESTYLE Located in a "Very Walkable" (80 Walk Score) neighborhood, this property offers incredible convenience for tenants and owners alike. Commuter's Paradise: Just a 1-minute walk to the nearest bus stop and a short distance to the Overbrook Regional Rail Station, offering a direct 15-minute train ride to Center City. Haverford Ave Corridor: Enjoy being steps away from the shopping, dining, and local amenities along Haverford Avenue. Education & Green Space: Close proximity to Saint Joseph’s University and Morris Park. HOUSE HACKER’S DREAM Stop paying rent and let your tenants build your equity. By occupying one unit and renting the others, the projected rental income can significantly offset or entirely cover your monthly mortgage. GREAT INVESTMENT POTENTIAL - The numbers don't lie! Unit 1 (1BR/1BA): $1,200/mo (Includes backyard/laundry hook-up) Unit 2 (2BR/1BA): $1,400/mo (Leveraging semi-detached natural light) Unit 3 (Studio): $900/mo Projected Gross Monthly Income: $3,500 ($42,000/yr) PROPERTY HIGHLIGHTS & BONUS SPACE Expansive walk-out basement featuring a full kitchen and full bathroom. Ideal as an owner’s suite, flexible amenity space for laundry/storage, or professional home office. This isn't a total gut—the heavy lifting on the "big ticket" items is already done: Newer Rubber Roof. Newer Heating System (One heater). Replacement Windows throughout most of the property. Utilities: Separate Electric meters. (One Gas meter). Buyer to verify all zoning/expansion potential. It requires cosmetic updates to maximize the rental projections provided. This is a perfect "buy and hold" or "BRRRR" candidate for an investor looking to capture the appreciation occurring in 19151.