Description
Welcome to 4211 Garrett Road, an excellent investment opportunity in Drexel Hill.
This solidly built, three-story single home offers approximately 4,000 square feet of living space on a 1/3 acre level lot. Currently configured as a quadraplex, the property features four separate, bright, and spacious rental units: three 2-bedroom units and one 1-bedroom unit.
* The first level comprises a 2-bedroom apartment with a large kitchen, and a mudroom/laundry room with washer, dryer, and outside exit. A spacious 1-bedroom apartment with a large kitchen and outside exit is also located on the first level.
* The second level features a very large 2-bedroom apartment with an updated kitchen and breakfast bar.
* The third level offers a good-sized 2-bedroom apartment with an updated kitchen and newer flooring throughout.
The existing tenants generate a gross annual income of $58,500, with monthly rents of $1,500, $750, $1,500, and $1,150. Tenants are responsible for their electric, while the landlord covers electric in common areas, gas, heat, and water. A common laundry area with a washer and dryer is located in the basement.
Situated near parks, Springfield and Drexel Hills shopping areas, restaurants, and major routes 1, 476, and 95, this property offers convenient access to Center City and the Philadelphia International Airport.
