$390,000
$400,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1,280 SqFt
SOLD DATE : 09/24/2024
Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,280 sqft
Price per Sqft $304
MLS Listing ID PAPH2332058
Sold Date 09/24/24
Style AirLite
Abv Grd Liv Area 1,280
Originating Board BRIGHT
Year Built 2005
Annual Tax Amount $1,731
Tax Year 2023
Lot Size 2,079 Sqft
Acres 0.05
Property Description
Welcome to your opportunity to own a prime slice of West Philadelphia real estate! This charming 2005 duplex is nestled in a coveted location, perfect for savvy investors or owner occupants looking to offset mortgage costs. With two separate UPDATED units, a 1 bedroom (great for an owner) and a 2 bedroom, this duplex offers versatility and income potential. Each unit features hard wood floors, newer appliance, ample sunlight and easy access to center city or the suburbs. The layout is designed for both comfort and functionality, providing an inviting space for residents. The property's prime location ensures easy access to an array of amenities, including shops, restaurants, parks, and public transportation options. Whether you're strolling through the vibrant streets of West Philly or commuting to downtown, convenience is at your doorstep. Investors will appreciate the opportunity for rental income in this highly sought-after area, while owner occupants can enjoy the benefits of living in one unit while renting out the other to help cover expenses. Rents for 1 bedrooms in the area easily clear $1300 and for 2 bedrooms $1800+ which puts the estimated cap rate at an attractive 7.5%+ There is also a MASSIVE apartment complex expected to be build on the corner a few doors down, which is sure to increase rents/rentability of the units. Don't miss out on this chance to own a piece of West Philadelphia's thriving real estate market. Schedule a viewing today and seize the opportunity to make this duplex your own!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Other
Heating Hot Water
Cooling Ceiling Fan(s)
Flooring Hardwood
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Off Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 272003900
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other, FHA
Listing Terms Cash, Conventional, Other, FHA
Financing Cash,Conventional,Other,FHA
Special Listing Condition Standard
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Bought with Francisco Michaud • KW Empower
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”