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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.
| DAYS ON MARKET | 14 | LAST UPDATED | 4/19/2024 |
|---|---|---|---|
| TRACT | PHILADELPHIA (NORTH) | YEAR BUILT | 1940 |
| COMMUNITY | 19140 (19140) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Electric Water Heater, Microwave |
| AREA | 19140 (19140) |
| BUYER'S BROKERAGE COMPENSATION | 1.5 |
| HEAT | Central, Natural Gas |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 82.00 |
| PARKING | On Street |
| STYLE | Straight Thru |
| SUBDIVISION | PHILADELPHIA (NORTH) |
| TAXES | 2442 |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing provided by Compass Pennsylvania, LLC
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Data last updated: 5/2/24 6:31 PM PDT
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