703 Clifton Avenue, Collingdale, PA 19023

Property Description

Excellent opportunity to own a well-maintained triplex on a large corner lot in Collingdale, offering strong income potential and attractive investment returns. This classic colonial-style multi-unit property features three separately metered units, with all utilities including water separated and serviced by natural gas. The first-floor unit is a standout: a large, spacious two-bedroom apartment featuring a newly renovated kitchen, two fireplaces, a coal stove, and in-unit washer and dryer facilities. This unit offers a generous layout with a living room, over sized eat-in kitchen, large dining area, center hall bath, and two well-sized bedrooms. The second-floor unit is a one-bedroom apartment (currently occupied) with a large living room, eat-in kitchen, center hall bath, and a generously sized bedroom. The third-floor unit is also a one-bedroom apartment, featuring a living room, office area, eat-in kitchen, and a large bedroom—ideal for tenants seeking flexible living space. The basement is accessible through the first-floor unit and houses all heaters, hot water heaters, and electrical panels. Additional highlights include an over sized two-car garage with potential for additional rental income, ample street parking, and a property that has been well cared for throughout. Based on current income figures, a cash purchase reflects an approximate 9.2% ROI, while a financed purchase using leverage may yield an estimated 13.5% cash-on-cash return. A rare opportunity to acquire a solid multi-unit investment with upside potential.