About 131-133 Saint Charles St
Incredible income-producing opportunity in the heart of Drexel Hill! This package includes two parcels being sold together (131 & 133 Saint Charles), offering a total of 4 rental units with separate utilities, a rented detached 2-car garage, and a large storage shed with potential for additional income, a driveway that fits 2 cars, and an off-street lot that fits 4-6 cars. Unit breakdown: (Unit 131-B) 1 Bed / 1 Bath unit rented at $995/month; (Unit 131-A) 2 Bed / 1 Bath unit that is vacant and projected rent $1,400/month; (Unit 133-A) 2 Bed / 1 Bath unit rented at $1,720/month; (Unit 133-B) 3 Bed / 1 Bath unit rented at $1,510/month; Garage rented separately at $550/month. Total current monthly income is $4,775, and projected monthly income (with vacant unit rented) is $6,175+. Units on the 133 side have been fully renovated top to bottom. The vacant 2-bedroom unit presents a perfect house hacking opportunity—live in one and let the others pay the mortgage!
This property has undergone approximately $180,000 worth of major renovations and repairs over the last few years. Notable updates include a full roof replacement, sump pit remediation, and significant upgrades to the electrical systems in multiple units. Both 133-B and 133-A received comprehensive interior renovations, including kitchen and bathroom remodels, new finishes, and improved insulation. Additionally, key infrastructure improvements like boiler and water heater replacements, yard work, and siding installation were completed to enhance the property's functionality and value.
Property includes two parcels: 131 Saint Charles (Tax ID: 16-13-03184-00, Zoned R-20 Two-Family) and 133 Saint Charles (Tax ID: 16-13-03184-01, Zoned R-40 Four-Family). A savvy buyer could explore combining or reconfiguring the lots to potentially reduce property taxes by 30–40% based on local comps. Sale includes the oversized lot, detached garage, and storage shed. Property is being sold as-is. Inspections for buyer's informational purposes only. Sellers will obtain the township U&O. Property is in excellent condition and ready for the next investor or owner-occupant! Do not miss this rare opportunity in a strong rental market!
