Address
1402 N Willington Street, Philadelphia, PA
Price
$ 599,900
Property Attributes
- MLS#PAPH2346280
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19121
- Zip19121
- Style
- Year Built2009
- Taxes$ 7476
- Price$ 599,900
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental Income Listing Price: $599,000 Property Overview: Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown: Unit 1 (Ground Floor): 2 bedrooms, 1 bathroom, open-plan living and dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 2 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony. Unit 3 (Third Floor): 1 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures. Key Features: Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor. Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures. Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities. Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability. Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs. Financial Highlights: Monthly Rental Income: $4,500 Annual Rental Income: $54,000 Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance) Net Operating Income: Approximately $39,000 Cap Rate: 6.5% Cash-on-Cash Return: 8.2% Additional Information: This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor. Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
| Price History | |
|---|---|
| 4/29/2024 | Listed $599,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Settlement |
| Zoning | RM1 |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | Masonry |
| Year Built | 2009 |
| Property SubType | Triplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | / |
| ModificationTimestamp | 2024-04-29T12:08:36 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| Total Units | 3 |
| MLS Area | 19121 (19121) |
| Lot Size Square Feet | 1136.00 |
| Tax Assessed Value | 534100.0 |
| Waterfront Y/N | No |
| Street Name | WILLINGTON |
| Tax Annual Amount | 7476.0 |
| Two Bedroom | 1 |
| Structure Type | Other |
| Price Per Sq Ft | 284.45 |
| Vacation Rental Y/N | No |
| Total SQFT | 2109 |
| Days on Market | 2 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 35 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | W50 |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 71.00 |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 152200.00 |
| 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
Property vs Multi-Family Average in 19121
Price
Taxes
Visits
Year Built
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All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
All MLS listings are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All
Copyright © 2024, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Allison James Estates and Homes - Virginia does
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All or a portion of the multiple listing information is provided by the Williamsburg Multiple Listing Service, LLC, from a copyrighted compilation of listings. All WMLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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Last Updated: May 17, 2024 1:02 PM UTC
