Description
Investment triplex with reliable income & development potential! fantastic investment opportunity with this fully rented triplex on an oversized lot, offering additional potential for future development (buyer due diligence required). the property includes three separate units: a large 5-bedroom unit with a kitchen and bathroom, and two 1-bedroom/1-bath units with kitchens. additional features include a garage accessible from the rear alley under the deck. the property is currently leased to a professional property management company that manages over 20 properties. they guarantee a monthly rental income of $2,200 ($26,400 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. the management company also oversees subleasing for each unit, offering the owner a dependable, hands-off income stream. property is being sold in as-is condition and buyer is responsible for all municipal certifications. this property can also be purchased as part of a 3 property portfolio package including 1221 wagner ave, philadelphia and 3539 n marvine st, philadelphia which is producing a combined $69,600 annually. the asking price for all 3 properties is $600,000.
Property Type
Multi-FamilySubdivision
OlneyCounty
PHILADELPHIAStyle
Straight ThruAD ID
47482711
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Room Information
- Patio/Porch Features: Deck(s)
Interior Features
- Ceiling Fan(s),Dining Area,Combination Dining/Living,Entry Level Bedroom
- Roof : Asphalt
- Exterior Property Features : BBQ Grill,Street Lights
- Basement Description: Poured Concrete
- Property Appliances: Water Heater,Stove,Oven/Range - Gas,Intercom,Range Hood,Refrigerator
Roofing Information
- Asphalt
Heating & Cooling
- Cooling: None
- Heating: Radiator
- Cooling Fuel: None
- Heating Fuel: Natural Gas
Window Information
- Window Treatments: Casement,Energy Efficient,Vinyl Clad
-
Exterior Features
Building Information
- Exterior Features: BBQ Grill,Street Lights
- Year Built: 1930
- Structure: Twin/Semi-Detached
- Major Appliances: Water Heater,Stove,Oven/Range - Gas,Intercom,Range Hood,Refrigerator
- New Construction: No
- Total Units: 3
- Built: 1930
- Construction Material: Masonry
- Roof: Asphalt
- Foundation/Basement: Stone
- Architecture: Straight Thru
- Pool/Private: No Pool
- Roof Type: Asphalt
Exterior Features
- Utilities: Above Ground,Electric Available
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 3,383
- Dimensions: 38.00 x 90.00
- Lot Size (Acres): 0.08
- Architectural Style: Straight Thru
- Main Square Feet: 3,383
Property Information
- SQ ft: 1,700
- SQ ft (Living Area): 1,600
- Total Lot SQ ft: 3,383
- View: Street
- Subdivision: OLNEY
- Financing: Cash,Conventional,Private
- Appx. Lot Dimensions: 38.00 x 90.00
- Total Acreage: 0.08
- New Construction: No
- Type: Straight Thru
-
Listing Information
Listing Information
- Possession: Subject to Existing Lease
- Days Of Market: 12
-
Taxes / Assessments
Tax Information
- Annual Tax: $2,794
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $199,600
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage: 2
- Garage Type: Other
- Parking Type: On Street,Attached Garage
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,Private
- Roof: Asphalt
Homeowners Association Information
- Direction: Cross St Lindley Ave
-
School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Above Ground,Electric Available
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: None
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Location Type: Urban
- Direction: Cross St Lindley Ave
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BuyOwner last updated this listing 11/15/2024 @ 00:24
- MLS: PAPH2415184
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 1,600 sqft, 3,383 sized lot, and 2 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 19141, this PHILADELPHIA County Other , it is in the OLNEY Subdivision, are nearby neighborhoods.