2940 DEVEREAUX AVENUE

Property Description

Great opportunity to add a strong, income-producing asset to your portfolio at 2940 Devereux Avenue in the heart of Philadelphia's 19149 zip code. This fully rented quadruplex is an ideal fit for investors, including those seeking a 1031 exchange, offering immediate cash flow and long-term upside. The property features four well-laid-out units, including two 1-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments, providing a desirable unit mix for a broad tenant base. Three of the four units have been thoughtfully updated, enhancing both rental appeal and overall value, while the remaining unit offers potential for future improvement and increased returns. Conveniently located near Wissinoming Park, the property is surrounded by neighborhood amenities, including shopping, dining, and easy access to public transportation, making it highly attractive to tenants. Whether you are expanding your portfolio or completing a 1031 exchange, this turnkey multi-family property delivers steady income, strong rental demand, and a prime Northeast Philadelphia location.

Overview

Property Status

For Sale

Lot Size

6,146 Sq.Ft.

MLS ID

PAPH2602870

Property Type

Multi-Family

Year Built

1970

Are you interested?

Schedule a Tour

Damon Michels

(610) 731-9300 [email protected]

Features & Amenities

Total Area

2,800 Sq.Ft.

Neighborhood

Philadelphia County

Architecture Styles

Traditional

Water Source

Public

Pool

No Pool

Parking

On Street

Heat Type

Forced Air

Air Conditioning

Central A/C

Sewer

Public Sewer

Substructure

Concrete Perimeter

Disability Features

None

School District

THE SCHOOL DISTRICT OF PHILADELPHIA

Sales Price

$500,000

Real Estate Tax

$5,838/yr

Zoning

RSA5

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