$499,000
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5201 Lebanon Avenue Philadelphia, PA 19131 Municipality: Philadelphia
Townhouse
Residence
Beds
Baths
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Bed/Bath
Sq. Ft.
Property Activity
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***Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE!!*** Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with... a transferable HOTEL 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 licenseâboth extremely difficult and costly to acquire. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units!! 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 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.
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MLS#
PAPH2357576
Property Type
Townhouse
Year Built
1920
Price per Sq. Ft.
$273.57
Lot Size
0.07
Sewer
Public Sewer
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