3816 Spring Garden St, Philadelphia, PA 19104

Property Description

Located in the vibrant University City neighborhood, this turnkey multifamily property offers an incredible opportunity for both investors and owner-occupants. Just steps from Drexel University, Penn, and major hospitals, it’s in one of Philadelphia’s most desirable and consistently growing rental markets. Unit 1 is a spacious 2-bedroom, 1-bathroom apartment currently rented for $1,600/month. It features an updated kitchen and bathroom, along with exclusive access to a large private backyard, perfect for outdoor relaxation and entertaining. Unit 2 is a bi-level 3-bedroom, 2-bathroom residence currently rented for $2,200/month. The open-concept living and dining areas flow seamlessly to a private balcony through sliding glass doors, creating an airy and inviting space. The oversized primary bedroom is located on the main floor, while the upper level offers two additional bedrooms and a full bath. Original architectural details add to the property’s charm and character. With consistent rental history and zero vacancy, this property is exceptionally easy to lease thanks to its prime location near universities, hospitals, and cultural institutions. Whether you’re seeking a reliable cash-flowing investment or planning to live in one unit and rent out the other, this property is a rare find in Powelton Village.