Property Description:

Lofts at 3145 W. Jefferson Street, Philadelphia, PA 19121 offers studio, one, two, and three-bedroom loft-style apartments in the heart of Brewerytown. Featuring modern open-concept layouts with large windows for excellent natural light, these apartments blend historic industrial charm with contemporary finishes. Just 2.5 miles (a 7-minute drive) from downtown Philadelphia, this vibrant community is surrounded by some of the city’s best dining, parks, and entertainment.

Investment Highlights

• Studio Apartments: Rent: $1,300 
• 1-Bedroom Apartments: Rent: $1,650 | Annual Revenue: $54,000+ | Monthly Profit: $2,625
• 3-Bedroom, 2-Bath Apartments: Rent: $3,000 | Annual Revenue: $74,592+ | Monthly Profit: $2,881
• Security Deposit: 1 Month’s Rent
• Parking Available at Additional Cost
• Pet-Friendly | No Breed Restrictions

Apartment Features

• Open-concept design with large windows & natural light
• Calcutta Roma countertops & stainless steel appliances
• Exposed concrete flooring (select units)
• Tiled bathrooms with walk-in showers
• In-unit washer/dryer included

Community Amenities

• Expansive open-space lobby with a 24-hour front desk concierge
• Fully equipped gym & fitness center
• Rooftop deck with stunning city views
• Bike storage
• Pet-friendly with no breed restrictions

Nearby Attractions & Distances

• Downtown Philadelphia: 2.5 miles (7-minute drive)
• Fairmount Park: 0.8 miles (4-minute drive)
• Kelly Drive: 1 mile (5-minute drive)
• Brewerytown Food Hall: 0.3 miles (2-minute drive)
• Bagels & Co., 2637 Brew, Rybrew, Harper’s Ice Cream: 0.4 miles (3-minute drive)
• The Monkey & Elephant Café: 0.5 miles (3-minute drive)
• Lucky Goat Coffee House: 0.6 miles (4-minute drive)
• Easy Access to I-676, I-95, I-76, Center City & Public Transit

Rental Terms & Fees

• Lease Length: 1 Year+
• Security Deposit: 1 Month’s Rent
• Parking Available at Additional Cost

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.