Welcome to your next investment opportunity! This immaculate property offers the perfect blend of comfort, convenience, and profitability. Located in a desirable neighborhood, this triplex presents a lucrative chance for investors seeking high returns with minimal hassle.
Unit Configuration:
Two units featuring 2 bedrooms and 1 bathroom each
One unit boasting 3 bedrooms and 1 bathroom
Second-floor unit includes washer and dryer for added convenience
All units equipped with central air for year-round comfort
Electric range and microwave provided in each unit for hassle-free cooking
Spacious rooms with ample closet space ensuring tenant satisfaction
Property Features:
Recent renovations in 2022 guarantee modern amenities and peace of mind
Updated electrical and plumbing systems with all permits secured
Legally designated as a duplex with the potential to function as a triplex
Basement unit offers independent access, enhancing tenant privacy
Electric water heater in basement unit for efficient energy usage
Financial Highlights:
Taxes totaling less than $3,000 per year, minimizing overhead costs
Impressive cap rate exceeding 11%, ensuring robust returns on investment
Rental income exceeding $43,000 annually, providing a steady cash flow
Tenants responsible for utilities such as water and electricity, reducing landlord expenses
Landlord only responsible for yearly real estate taxes and casualty/fire insurance
Investment Benefits:
FHA approval makes financing accessible with only a 5% down payment requirement
Perfect opportunity for investors seeking a substantial return on investment
Low maintenance property with tenants covering most expenses
Prime location ensures consistent tenant demand and high occupancy rates
Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or a first-time buyer, this property promises to deliver exceptional returns and long-term value. Schedule a viewing today and secure your financial future with this lucrative investment.
Property Type :
Multi-Family
Subdivision :
Philadelphia (north)
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/06/2024 @ 13:43
MLS: PAPH2345220
LISTED BY: Israel Villafana , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
