Address
5846 Trinity Street, Philadelphia, PA
Price
$ 250,000
Property Attributes
- MLS#PAPH2346908
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19143
- Zip19143
- StyleStraight Thru
- Year Built1920
- Taxes$ 603
- Price$ 250,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
Presenting an excellent investment opportunity for real estate investors interested in a hassle-free, passive income property. This legal duplex comes fully occupied with reliable, Section 8 tenants, making it a truly turnkey investment. The one and two bedroom units are currently rented at $1200 and $1057, with tenants who are quiet, low maintenance, and have a good standing with Section 8. The property was fully renovated in 2019, including all-new systems (plumbing, electrical, HVAC) to ensure minimal maintenance issues. Both tenants are excellent Section 8 renters, providing a dependable income. They are interested in renewing their leases, offering long-term stability for an investor. They are also flexible and can vacate with a 3-month notice, if required for transfer processes. Section 8 approves rent escalations every two years. Both units are due for an increase in January 2025, enhancing the investment return potential. The seller is committed to a smooth transition and offers a list of reliable maintenance contacts including plumbers, HVAC tech, landscapers, etc. ensuring you have everything needed to manage the property effectively. Tenants pay through Buildium, allowing for seamless and automated rent collection without the need for physical collection. Proof of current Section 8 payments and tenant payment history for due diligence. With recent renovations and reliable tenants, the property requires little day-to-day management effort, ideal for investors looking for passive income. With the hard work already done, step into a role of a passive investor and watch your investment grow!
| Price History | |
|---|---|
| 4/25/2024 | Listed $250,000 |
General Features
| Interior Features | Kitchen - Eat-In |
|---|---|
| Sewer | Public Sewer |
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Immediate,0-30 Days CD,31-60 Days CD |
| Zoning | RSA5 |
| Pool Y/N | No Pool |
| Architectural Style | Straight Thru |
| Construction Materials | Brick |
| Year Built | 1920 |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| 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 | Trinity |
| ModificationTimestamp | 2024-05-03T20:43:48 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| Total Units | 2 |
| MLS Area | 19143 (19143) |
| Lot Size Square Feet | 1312.00 |
| Tax Assessed Value | 43100.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Street Name | TRINITY |
| Tax Annual Amount | 603.0 |
| Two Bedroom | 1 |
| Structure Type | Interior Row/Townhouse |
| One Bedroom Units Count | 1 |
| Other Units | Unit 1,Unit 2 |
| Price Per Sq Ft | 171.23 |
| Acceptable Financing | Cash,Conventional,FHA |
| Vacation Rental Y/N | No |
| Total SQFT | 1460 |
| Days on Market | 9 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 74 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | O30 |
| Foundation Details | Other |
| 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 |
| 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 19143
Price
Taxes
Visits
Year Built
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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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Last Updated: May 5, 2024 2:17 PM UTC
