A turnkey income-producing triplex in one of Philadelphia's most reliably active rental corridors. 2349 Park Avenue offers investors a well-maintained three-unit building steps from Temple University's main campus, delivering a strong 7.5% cap rate and a unit mix designed to maximize occupancy and cash flow year-round.
The building comprises two two-bedroom units and one three-bedroom unit -- a configuration that appeals to both the student rental market and long-term tenants looking for affordable, accessible North Philadelphia housing. With Temple University just down the street, demand for well-kept rental units in this immediate area has remained consistent regardless of broader market conditions, providing the kind of stable, recession-resistant income that anchors a strong portfolio.
Beyond the current returns, the upside story here is compelling. The surrounding neighborhood continues to attract investment and development activity, with rising rents and improving fundamentals putting future appreciation firmly in play. Whether you're an experienced investor looking to add a cash-flowing asset or a first-time buyer interested in a live-in opportunity with built-in rental income, 2349 Park Avenue delivers immediate returns today with real room to grow tomorrow.
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