3800 SPRING GARDEN Street, Philadelphia, PA 19104 - Philadelphia County

Turnkey Corner Triplex in Powelton Village - 5%+ Cap Rate | Fully Leased Welcome to 3800 Spring Garden Street, a fully occupied corner triplex in the heart of Powelton Village / University City, one of Philadelphia's most dependable and high-demand rental corridors. Surrounded by Drexel University, the University of Pennsylvania, CHOP, and Presbyterian Hospital, this location supports consistent tenant demand and long-term rental stability. The property is fully leased with reliable tenants in place and offers immediate income from day one. Based on current rents and expenses, the building operates at an approximate 5%+ cap rate, making it a stabilized, income-producing asset well suited for buy-and-hold investors. Each unit features efficient layouts and updated bathrooms. The building includes separate electric meters, shared basement laundry, and accessible basement mechanicals, allowing for straightforward management and controlled operating costs. Property Highlights: - Fully occupied with consistent rent collection - Approx. 5%+ cap rate based on current income - Updated bathrooms in all units - Unit 1: One bedroom, one bath with private side patio - Unit 2: Two bedroom, one bath - Unit 3: Two bedroom, one bath - Separate electric meters - Shared basement laundry - Accessible mechanicals for ease of service Powelton Village continues to show strong rental performance with upside potential through future rent growth. This property offers stable cash flow today with the opportunity to enhance returns over time. An excellent opportunity for investors seeking immediate income, minimal turnover, and long-term value in a proven Philadelphia rental market.

Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.