UPDATED:
01/01/2025 01:11 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,809 sqft
Price per Sqft $234
Subdivision Frankford
MLS Listing ID PAPH2429990
Style Dwelling with Rental
Abv Grd Liv Area 1,809
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $2,505
Tax Year 2024
Lot Size 2,000 Sqft
Acres 0.05
Lot Dimensions 20.00 x 100.00
Property Description
This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here's what makes this property a must-see:
1st Floor Unit
Spacious 2-bedroom apartment with access to a private yard.
Long-term tenant (6 years) paying $800/month – well below market value, presenting an opportunity to increase rent upon lease renewal.
Meticulously cared for by the tenant, with original hardwood floors adding character and charm.
2nd Floor Units
Back Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month.
Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value.
3rd Floor Unit
1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures.
Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income.
Key Features:
Consistent rental income from long-term tenants.
Renovation potential to boost rents and overall property value.
Flexibility to adjust layouts and maximize returns.
This property combines stable cash flow with opportunities for value-add improvements.
Don't miss your chance to capitalize on this income-generating asset!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water & Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Luxury Vinyl Plank
Fireplace N
Heat Source Electric
Exterior
Utilities Available Cable TV, Phone
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 232226700
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
