465 Cinnaminson Street

PHILADELPHIA, PA 19128

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,585 Sqft
  • 8785
    Sqft(Lot)
$625,000

Description

This property in roxborough is an attractive investment opportunity, particularly for builders or investors looking to capitalize on under-market rental rates and additional land for development. here are some key points based on the description provided:

location: roxborough (specific address not provided)
type: duplex
units:
1st floor:
2 bedrooms
1 bathroom
monthly rent: $800 (below market value)
2nd floor:
3 bedrooms
2 bathrooms
monthly rent: $1800
renovated
additional feature: extra lots, suggesting potential for expansion or additional development.

investment considerations:
rental income: currently, the property generates $2,600 per month in rent. if the first-floor unit's rent were adjusted to market rates, this could potentially increase.
renovation and upgrades: the second floor has already been renovated, which might attract higher-quality tenants or justify higher rent. the condition of the first floor could be a focus for future improvements.
development potential: with extra lots, there's room for further investment like building additional units or expanding the existing structure, subject to zoning laws and permits.

next steps:
viewing: it's recommended to make an appointment to inspect the property in person to assess the condition, potential renovation needs, and to better understand the neighborhood.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Other

  • AD ID

    48517380

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: None
    • Heating: Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1920
    • Structure: Twin/Semi-Detached
    • New Construction: No
    • Total Units: 2
    • Built: 1920
    • Construction Material: Masonry
    • Foundation/Basement: Slab
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 8,785
    • Dimensions: 65.00 x 135.00
    • Lot Size (Acres): 0.20
    • Architectural Style: Other
    • Main Square Feet: 8,785

    Property Information

    • SQ ft: 2,585
    • SQ ft (Living Area): 2,585
    • Total Lot SQ ft: 8,785
    • Appx. Lot Dimensions: 65.00 x 135.00
    • Total Acreage: 0.20
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: 31-60 Days CD
    • Days Of Market: 13

  • Tax Information

    • Annual Tax: $8,048
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 31-60 Days CD

    Assessment Information

    • Taxes Assessment Amount: $575,000

  • Parking Information

    • Parking Type: Driveway,On Street,Parking Lot

    Homeowners Association Information

    • Direction: Ridge ave to Cinnaminson

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Ridge ave to Cinnaminson
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BuyOwner last updated this listing 02/22/2025 @ 17:04

  • MLS: PAPH2441816
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,585 sqft, 8,785 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19128, this PHILADELPHIA County Other and are nearby neighborhoods.