902 S 47th St, Philadelphia, PA 19143

Property Description

ATTENTION INVESTORS & FLIPPERS! LICENSED QUADRUPLEX WITH HUGE UPSIDE 🏢 This Victorian property is a fully licensed quadruplex and also holds a Single Family with Rooming House license (10 bedrooms). With over 50 years of use as a college fraternity house, this property presents an exceptional value-add investment opportunity . The owner has already started the conversion into four independent income-producing units: UNIT BREAKDOWN: Unit 1: 3 Bedrooms | 1 Full Bath | In-Unit Laundry Unit 2: 3 Bedrooms | 1 Full Bath | In-Unit Laundry Unit 3: 1 Bedroom | 1 Full Bath | In-Unit Laundry Unit 4: 1 Bedroom | 1 Full Bath | In-Unit Laundry Additional features include separate utilities, basement storage, a spacious front porch, a large attic with expansion potential, and a high-ceiling basement—ideal for future value creation. MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED: All plumbing fully replaced Three brand-new water heaters installed Electrical work approximately 50% completed The property is being sold AS-IS, offering investors the opportunity to complete the renovation, increase rental income, and unlock strong returns 💰. Conveniently located near restaurants, schools, cafes, churches, and entertainment, ensuring strong rental demand. Don’t miss this rare opportunity to acquire a licensed quadruplex with significant income potential. 🔑