Property Attributes
- MLS#PAPH2345196
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19140
- NeighborhoodPhiladelphia
- Zip19140
- StyleStraight Thru
- Year Built1940
- Taxes$ 2442
- Price$ 349,995
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
Welcome to your next investment opportunity! This immaculate property offers the perfect blend of comfort, convenience, and profitability. Located in a desirable neighborhood, this triplex presents a lucrative chance for investors seeking high returns with minimal hassle. Unit Configuration: Two units featuring 2 bedrooms and 1 bathroom each One unit boasting 3 bedrooms and 1 bathroom Second-floor unit includes washer and dryer for added convenience All units equipped with central air for year-round comfort Electric range and microwave provided in each unit for hassle-free cooking Spacious rooms with ample closet space ensuring tenant satisfaction Property Features: Recent renovations in 2022 guarantee modern amenities and peace of mind Updated electrical and plumbing systems with all permits secured Legally designated as a duplex with the potential to function as a triplex Basement unit offers independent access, enhancing tenant privacy Electric water heater in basement unit for efficient energy usage Financial Highlights: Taxes totaling less than $3,000 per year, minimizing overhead costs Impressive cap rate exceeding 11%, ensuring robust returns on investment Rental income exceeding $43,000 annually, providing a steady cash flow Tenants responsible for utilities such as water and electricity, reducing landlord expenses Landlord only responsible for yearly real estate taxes and casualty/fire insurance Investment Benefits: FHA approval makes financing accessible with only a 5% down payment requirement Perfect opportunity for investors seeking a substantial return on investment Low maintenance property with tenants covering most expenses Prime location ensures consistent tenant demand and high occupancy rates Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or a first-time buyer, this property promises to deliver exceptional returns and long-term value. Schedule a viewing today and secure your financial future with this lucrative investment.
Price History | |
---|---|
4/19/2024 | Listed $349,999 |
5/14/2024 | 1% - $349,995 |
General Features
Interior Features | Floor Plan - Open |
---|---|
Sewer | Public Septic |
Heating | Central |
Cooling | Central A/C |
Possession | Immediate |
Appliances | Dryer - Electric,Microwave,Oven/Range - Electric |
Zoning | RSA3 |
Architectural Style | Straight Thru |
Construction Materials | Masonry |
Exclusions | Tenants Belongings |
Year Built | 1940 |
Property SubType | Triplex |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
OwnerPays | Taxes - Real Estate |
Accessibility | None |
County | PHILADELPHIA |
Net Operating Income | 40000.00 |
Operating Expense | 2500.00 |
New Construction | No |
Property Type | Multi-Family |
MaintenanceExpense | 1500.00 |
Subdivision Name | PHILADELPHIA (NORTH) |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | ACTIVE |
Directions | East on Wingohoking and left on Carlisle |
ModificationTimestamp | 2024-05-18T07:26:44 |
City | PHILADELPHIA |
Buyer Agent Compensation | 1.5 |
Total Units | 2 |
MLS Area | 19140 (19140) |
Lot Size Square Feet | 1312.00 |
Tax Assessed Value | 174500.0 |
Waterfront Y/N | No |
Number of Units Leased | 3 |
Street Name | CARLISLE |
Tax Annual Amount | 2442.0 |
Two Bedroom | 2 |
Structure Type | End of Row/Townhouse |
NumberOfUnitsVacant | 1 |
Price Per Sq Ft Total | 227.86 |
Acceptable Financing | Conventional,FHA,VA,USDA,Cash |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 1536 |
Days on Market | 30 |
Lease Type | Yearly |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 210 |
Total Actual Rent | 43200.00 |
Cap Rate | 11.00 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Central Air Y/N | Yes |
LivingAreaSource | Assessor |
Three Bedroom Units Count | 1 |
Exterior Features
Pool | No Pool |
---|---|
Water Source | Public |
Type of Parking | On Street |
Land Use Code | N30 |
Foundation Details | Concrete Perimeter |
Water View Y/N | No |
Lot Dimensions | 16.00 x 82.00 |
Lot Size Acres | 0.03 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 34900.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool