This fully leased studio condominium at Riverwest Condominiums offers a rare blend of immediate income and future flexibility in the heart of Center City. Currently generating $1,400/month with a lease secured through June 2026, the unit provides predictable cash flow from day one. The current tenant is a long-term resident… Read More in the building with a strong intention to renew, offering added stability and peace of mind for investors seeking consistent occupancy. At the same time, the upcoming lease end presents a valuable opportunity for future owner-occupants - whether you're a young professional, student, or medical staff looking to live in a prime location, or an investor evaluating long-term hold potential. Ownership is designed to be simple and cost-efficient, with the condo fee covering all utilities (gas, water, electricity), plus basic cable, building insurance, on-site maintenance, a 24-hour lobby attendant, and a state-of-the-art fitness center. The unit itself is well-maintained and move-in ready, featuring upgraded flooring, oversized windows with abundant natural light and open city views, a functional kitchen with gas cooking, wood cabinetry, refrigerator, and microwave, along with excellent storage including an oversized entry closet and an office space/walk-in closet leading to a refreshed bathroom. Residents enjoy optional on-site parking, a pet-friendly policy, and unbeatable access to everything Center City has to offer - just minutes from dining, shopping, theaters, public transit, major hospitals, and top institutions including University of Pennsylvania, Drexel University, and 30th Street Station. Whether you're looking for a turnkey investment with stable income or a future city residence in a prime location, this property offers the best of both - income today, flexibility tomorrow, and long-term upside in one of Philadelphia's most desirable neighborhoods. *Unit is tenant occupied, pictures are from a unit with similar layout&finishes. Read Less
Courtesy of Andy Oei, BHHS Fox & Roach The Harper at Rittenhouse Square 215-546-0550
Listing Snapshot
Days Online
5
Last Updated
Property Type
Condominium
Full Baths
1
Square Ft.
465
Year Built
1900
MLS Number
PAPH2599924
Additional Details
Building
Built in 1900, Living area: 465, Levels: 1, Entry level: 6, Construction Materials: Masonry
Cooling
Wall Unit
Accessibility Features
None
Heating
Wall Unit, Forced Air
Home Owner's Association
Fee Includes: A/C unit(s), Common Area Maintenance, Air Conditioning, Ext Bldg Maint, Gas, Heat, Management, Sewer, Trash, Water, Electricity, Amenities: Community Center, Elevator, Exercise Room, Fitness Center, Laundry Facilities, Meeting Room, Party Room, Security, Beauty Salon, Common Grounds
Lot
Dimensions: 0.00 x 0.00
Pets Policy
Allowed: Cats OK, Dogs OK, Case by Case Basis
Property
Other structures: Above Grade, Below Grade
Security Features
24 hour security, Carbon Monoxide Detector(s), Desk in Lobby, Exterior Cameras, Fire Detection System, Main Entrance Lock, Monitored, Resident Manager, Security System, Smoke Detector
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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