Bought with Charles A Sperber • Coldwell Banker Hearthside Realtors
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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,102 sqft
Price per Sqft $154
Subdivision Elmwood Park
MLS Listing ID PAPH2546264
Sold Date 01/21/26
Style Traditional
Abv Grd Liv Area 1,102
Year Built 1920
Annual Tax Amount $2,175
Tax Year 2025
Lot Size 1,143 Sqft
Acres 0.03
Lot Dimensions 16.00 x 70.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
10+ CAP RATE on a quiet Southwest Philly block with easy access to 95, 76, the airport and the new Amazon distribution center. (2) 1-bed, 1-bath units with rear driveway, converted garage & small rear yard. Terrific straight rental with strong demand and great cash flow. Or live in one unit and rent the other to cover most if not all your mortgage. Property is in great shape with everything converted to electricity with separate meters/panels (no need to worry about PGW gas liens). 1st floor unit has direct access to a large unfinished basement that could easily be converted to additional living space and even more rent. 1st floor is vacant and 2nd floor is occupied month to month. 2nd floor can be vacated prior to settlement. Historic rents with consistently strong demand have been around $1,000/month per unit. Property needs basic cosmetic upgrades like paint, new vanities, flooring, etc. Quick turnaround for novice or experienced investors and very low carrying costs with ANNUAL TAXES BEING ONLY $2,175/YEAR. Take advantage of this opportunity and own a legal RM1 duplex in a developing area with tons of potential. Buy, quickly and cheaply upgrade & begin cash flowing this fantastic 10+ CAP RATE asset!
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning RM1
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Garage Spaces 1.0
Water Access N
Accessibility None
Porch Porch(es)
Total Parking Spaces 1
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1102
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 406347900
Ownership Fee Simple
SqFt Source 1102
Special Listing Condition Standard
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