6 Beds
3 Baths
1,763 SqFt
6 Beds
3 Baths
1,763 SqFt
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,763 sqft
Price per Sqft $184
Subdivision Paschall
MLS Listing ID PAPH2421690
Style Other
Bedrooms 6
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,763
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,035
Tax Year 2024
Lot Size 3,410 Sqft
Acres 0.08
Lot Dimensions 31.00 x 110.00
Adult Community No
Property Description
Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you?ll benefit from immediate income on day one!
Features:
Unit 1 (2 Floors): 3 Beds, 1.5 Baths
Unit 2 (1 Floor): 3 Beds, 1 Bath
Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens.
Investment Highlights:
Projected Rent Income: $3,500/month or $42,000/year
Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500!
Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest.
Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years?or sooner with the right mortgage plan.
New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area.
Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families.
Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access.
Benefits for Buyers:
Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time.
Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow.
High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential.
Perfect for New Investors!
This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia?s most promising neighborhoods.
Monthly Income and Expenses:
Rental Income: $3,500/month
Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000/month
Net Income: $3,500 - $2,000 = $1,500/ month
Annual Cash Flow:
Monthly Net Income: $1,500
Annual Net Income: $1,500 x 12 = $18,000
Initial Investment:
Down Payment: $65,000 (on a sales price of $325,000)
ROI Calculation:
ROI=(Annual Net Income/Initial Investment)�100
Now let?s plug in the numbers:
ROI=(18,000 / 65,000)�100
The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property.
-8%?12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses.
-15%?20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets.
The property can also be delivered vacant.
Book your showing! Also listed as a Multifamily, MLS ID:PAPH2386860
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning RSA3
Rooms
Other Rooms Primary Bedroom
Basement Other
Main Level Bedrooms 3
Interior
Hot Water Other
Heating Other
Cooling Other
Flooring Fully Carpeted
Fireplace N
Heat Source Other
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Pets Allowed N
Senior Community No
Tax ID 403324900
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
