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