UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,969 sqft
Price per Sqft $269
MLS Listing ID PAPH2576796
Style Other
Abv Grd Liv Area 2,315
Year Built 1935
Available Date 2026-01-30
Annual Tax Amount $2,423
Tax Year 2025
Lot Size 1,550 Sqft
Acres 0.04
Lot Dimensions 15.00 x 101.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Unit 1 is a 2 bedroom, 1 bathroom apartment currently leased at $1,450 per month through May 31, 2026. Unit 2 is also a 2 bedroom, 1 bathroom apartment leased at $1,450 per month through June 30, 2026. Both units provide stable, secure income with leases already in place.
Unit 3 is a spacious 5 bedroom, 3 bathroom unit currently owner-occupied with individual room rentals. This versatile unit includes a self-contained efficiency with its own mini kitchen and private bath, ideal for maximizing rental income. Historic room rental rates have been $900, $800, $700, $700, and $650 per month, providing potential monthly income of $3,750 from this unit alone. The owner will be relocating upon sale and Unit 3 can be delivered vacant at settlement, giving the new owner complete flexibility to continue the room rental model or lease the entire unit.
Comprehensively renovated in 2017, this turnkey property combines immediate cash flow with significant tax savings. Total potential gross annual income is $79,800 with strong fundamentals. Annual operating expenses include property taxes ($2,423), insurance ($3,000), fire monitoring/sprinkler/backflow testing ($612), common utilities ($3,600), and repairs estimated at 5% of gross income ($3,990), totaling approximately $13,602 annually. Net Operating Income (NOI): $66,175, representing an attractive return for investors seeking cash-flowing real estate with minimal management required. The remaining tax abatement period provides substantial cost savings over the next two years, further enhancing returns.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Deck(s), Porch(es)
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility None
Porch Deck(s), Porch(es)
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2315
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 242143000
Ownership Fee Simple
SqFt Source 2969
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=4B9h7LHc23J&brand=0&mls=1&
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