**Investor Special - Fully Renovated PHA-Leased Rental in Mill Creek** Welcome to **4518 Westminster Avenue**, a turn-key investment property in Philadelphia’s Mill Creek neighborhood. This 3-bedroom, 1-bathroom rowhome spans approximately **1,256 square feet** and is currently leased through the **Philadelphia Housing Authority (PHA)** with a projected annual rent roll of **$25,632**offering reliable, government-backed monthly income from day one. The property underwent a comprehensive renovation in 2023, including a new roof, all new windows, updated electrical system, fresh paint, new appliances, modern kitchen and bathroom, new flooring throughout, and a new water heater. These major upgrades significantly reduce future capital expenditure and make this a low-maintenance, high-yield asset. Tenants enjoy an open-concept layout with hardwood floors in the living and dining areas, a contemporary kitchen, and three spacious bedrooms upstairsall filled with natural light. Located with easy access to **I-76, MLK Drive, and Kelly Drive**, the property sits in a high-demand rental corridor with proximity to transportation, employment hubs, and green space. Whether you’re looking to expand your portfolio or secure steady passive income, **4518 Westminster Avenue** is a strong buy-and-hold opportunity with immediate cash flow.
MLS# | PAPH2467470 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | ACTIVE-BRIGHT |
Year | 1925 |
Days On Site | 5 |
Listing Provided By | KW Empower | Brittany McLaughlin |
Bed(s) | 3 |
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Bath(s) | 1 Total |
SQ Feet | 1,400 |
Basement | Y |
Story(s) | 2 |
Zoning | RM1 |
Acreage | 0.02 |
Water Front | Yes |
State | PA |
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County | PHILADELPHIA PA |
City | PHILADELPHIA |
Zip Code | 19131 |
Area | 19131 (19131) |
Community Name | MILL CREEK |
School District | PHILADELPHIA CITY |
Listing VS Median (In MILL CREEK) | |
Price: $190,000 low | high Med: $0 On site: 5 low | high Med: |