2317 E WESTMORELAND ST, Philadelphia, PA 19134

Property Description

Rarely offered, fully renovated 4-unit mixed-use property with long-term residential and commercial tenants. This property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income. Key Investment Highlights: ✔ Strong 8.1% Cap Rate – High-yield, income-producing asset ✔ Tax Abatement – 1 Year Remaining ✔ 100% Occupancy with Cash Flow – Long-term residential & commercial tenants ✔ Turnkey Condition – Low-maintenance, modern construction ✔ High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs ✔ Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances ✔ Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance ✔ Transferrable Roof Warranty – Added long-term value This prime investment property offers a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange and portfolio investors! Location Perks: Close to public transportation, restaurants, retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown. Don't miss this highly desirable, fully occupied asset The property generates an annual rent of $84,000 and is separately metered for electricity. This property offers a lot, including streamlined rental payments, secure waste management, and maintenance services. Don't miss out on this income-generating gem!

Listing Status:

Active

Data Last Updated:

June 24, 2026 at 12:18AM

Listing Office:

Red Door Real Estate : 8557331341

Listing Agent:

Sokhoung Choing : 8557331341

MLS ID:

PAPH2637228

Interior

• Flooring: Ceramic tileLaminate plank
• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: Doors - Swing In
• Eco/Green Feature: Lighting

Construction

• Roofing: FlatRubber
• General: MasonrySlab

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: ICMX871586000
• View: City

Utilities

• Utilities: Electric availableSewer availableWater available200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN