Philadelphia, PA 19144,5686 MAGNOLIA ST
Philadelphia, PA 19144,5686 MAGNOLIA ST
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$110,000

$105,000

4.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4 Beds

1 Bath

1,300 SqFt


SOLD DATE : 10/27/2023

Key Details

Sold Price $110,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $84

Subdivision Germantown (East)

MLS Listing ID PAPH2280574

Sold Date 10/27/23

Style Traditional

Bedrooms 4

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,300

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $1,553

Tax Year 2022

Lot Size 1,571 Sqft

Acres 0.04

Lot Dimensions 20.00 x 79.00

Property Description

This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually.

1. **210 W Albanus St, 19120**
- Monthly Rent: $1,150
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $720

2. **1673 Pratt St, 19124**
- Monthly Rent: $1,299
- Bedrooms: 4
- Bathrooms: 1
- PHA Payment: $513

3. **5686 Magnolia St, 19144**
- Monthly Rent: $1,350
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $1,121

4. **5947 Wister St, 19138**
- Monthly Rent: $1,332
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $702

5. **4689 N 16th St**
- Monthly Rent: $1,194
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $1,094

- **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one.

- **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA).

- **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy.

- **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio.

- **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation.

Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA5

Rooms

Basement Full

Main Level Bedrooms 4

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Basement Garage

Garage Spaces 1.0

Water Access N

Accessibility None

Attached Garage 1

Total Parking Spaces 1

Garage Y

Building

Story 2

Foundation Other

Sewer Public Hook/Up Avail

Water Public

Architectural Style Traditional

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 122194500

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Moshe Adika • TCS Management, LLC
Bought with Moshe Adika • TCS Management, LLC
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“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(443) 244-0155

ryan@revolhomes.com

980 Mercantile Dr, Hanover, MD, 21076, United States

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