About 4421 Princeton Ave
Discover the income potential of this unique property near the Mayfair border. The finished lower level is currently rented for $1,000/month, while two second-floor bedrooms rent for $500/month each. A third bedroom, currently occupied by the owner, previously rented for $600/month, creating potential total gross rent of approximately $2,600/month or $31,200/year.
The lower level was previously used as a barbershop and online retail business under a City variance that has since lapsed. It is now configured as an oversized bedroom/living area with a full bathroom, two private entrances, and interior access.
Recent improvements include 200-amp electrical service, newer roof, siding, gutters, brick pointing, updated plumbing, recessed lighting, and additional grounded outlets. Refrigerator, washer, and dryer are included.
Great opportunity for an investor or owner-occupant looking to offset housing costs. Property is tenant-occupied and requires 24-hour notice for showings. Buyers should verify zoning, rental licensing, occupancy, and permitted use with the City of Philadelphia.
