Property Description:

Lofts at 3101 West Glenwood Ave, Philadelphia, PA 19130 offers industrial-style loft apartments in the Brewerytown neighborhood, featuring exposed concrete floors, high ceilings, and large windows with stunning city views. Located just 3 miles (10-minute drive) from downtown Philadelphia, this historically renovated building blends urban charm with modern amenities, making it one of the most unique residential communities in the city.

Investment Highlights

• Studio Apartments: Rent: $1,350 | One Month Free Rent on Select Units
• 1-Bedroom Apartments: Rent: $1,750 | Annual Revenue: $55,000+ | Monthly Profit: $2,608+
• Full Range of Rents: $1,100 - $2,100
• Security Deposit: $0 - $2,100 (Based on Screening)
• Application Fee: $35
• Private Gated Parking Available (31 Spaces)
• 50 Residential Units with 5,000 SF of Commercial Space

Apartment Features

• Washer & Dryer in Unit
• Exposed Concrete Floors, Ductwork, Conduit & Columns
• Large Windows with Scenic Views
• High Ceilings & Open Floor Plans
• Modern Industrial Design

Community Amenities

• 24/7 Fitness Center
• Bike Storage
• Package Concierge for Secure Deliveries
• Private Parking
• Private Storage Lockers
• Indoor & Outdoor Common Areas

Nearby Attractions & Distances

• Downtown Philadelphia: 3 miles (10-minute drive)
• Fairmount Park: 1 mile (5-minute drive)
• Kelley Drive: 1.5 miles (6-minute drive)
• Strawberry Green Driving Range: 1 mile (5-minute drive)
• Green Eggs Cafe: 0.7 miles (3-minute drive)
• Cycle Brewerytown: 0.6 miles (3-minute drive)
• Philadelphia Museum of Art: 2 miles (8-minute drive)
• University of Pennsylvania: 3 miles (10-minute drive)

Rental Terms & Fees

• Lease Length: 1 Year+
• Security Deposit: $0 - $2,100 (Based on Screening)
• Application Fee: $35
• One Month Free Rent on Select Units

As of February 10, 2025, non-owner occupied short-term rentals (STRs) in Philadelphia, PA are subject to strict regulations:

1. License Requirements:
   • Commercial Activity License
   • Rental License with a hotel designation25
   • Zoning Permit for Visitor Accommodation use (Fee: $25 for one and two-family dwellings or $100 for other buildings, plus $174 to issue the permit)5
2. Zoning Restrictions:
   • Non-hosted STRs can only operate in areas zoned for hotels
   • In non-hotel zoned areas, operators must request a zoning exception from the Zoning Board of Adjustment1
3. Registration:
   • Operators must register for a Business Income and Receipts Tax (BIRT) account with the city4
4. Listing Requirements:
   • Properties must have a city-issued license to be listed on platforms like Airbnb and Vrbo
   • Platforms are liable for listing unlicensed properties1
5. Taxes:
   • Operators must collect and remit Pennsylvania state hotel tax and Philadelphia city hotel tax1
6. Enforcement:
   • As of 2023, the city has increased enforcement efforts, working with booking platforms to identify and remove unlicensed listings4

Operators should carefully follow these regulations to avoid penalties and ensure legal operation of their short-term rentals in Philadelphia.