4947 CATHARINE ST Philadelphia, PA 19143

Buying a triplex and living in one of your apartments is a great way for a first-time buyer to get into the real estate market, have a great place to live, AND use the other tenants' rent payments to help pay the mortgage!
This quirky post-Victorian triplex in the Cedar Park section of West Philly's University City contains 3 very large apartments (one 1 BR; one 1-2 BRs; one 3BRs) and has retained original details while it's been upgraded and renovated over the years. Any of the apartments could be a great living space for an owner-occupant - perhaps especially the 3rd floor apartment, which also includes finished study or living room space in the 4th floor attic. The building's south-facing sunny location overlooking the green space of Cedar Park is very convenient to Baltimore Ave., West Philly's “main street” with eclectic shops, restaurants and bars. Or catch the #34 trolley (recently renamed “T-2”) on Baltimore Ave. and be in the heart of center city in 15 minutes, stopping at UPenn, Drexel U and the 30th St. Station transportation hub along the way. The property's current annual gross income is $56,400, with a Gross Rent Multiplier of 10.62.