5201 Lebanon Avenue Philadelphia, PA 19131
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / Brad Gellman

  5201 Lebanon Avenue Philadelphia, PA 19131

Active (42 Days)
$499,000

Description

***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 license—both 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.

MLS #:
PAPH2357576
Taxes
$1,294(2024)
Lot Size
3,142 SQFT
Type
Multifamily
Year Built
1920
Style
Traditional, Straight Thru
School District
The School District of Philadelphia
County
Philadelphia County

Listed By

Brad Gellman, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Sep 19 2024 at 3:51 PM GMT+0000
Bathroom Details
Interior Features
  • Dining Area
  • Combination Kitchen/Dining
  • Additional Stairway
  • Ceiling Fan(s)
  • Floor Plan - Open
Lot Information
  • Corner
  • Sideyard(s)
  • Front Yard
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Stone
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Forced Air
  • Ceiling Fan(s)
  • Central A/C
Flooring
  • Hardwood
  • Tile/Brick
Exterior Features
  • Masonry
  • Roof: Shingle
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Parking
  • Public
Living Area
  • 1,824 sqft
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/19/24 08:51