Thank you
Michelle A Phillips
Luxe Real Estate LLC
215-326-9095
Presenting an excellent investment opportunity for real estate investors interested in a hassle-free, passive income property. This legal duplex comes fully occupied with reliable, Section 8 tenants, making it a truly turnkey investment. The one and two bedroom units are currently rented at $1200 and $1057, with tenants who are quiet, low maintenance, and have a good standing with Section 8. The property was fully renovated in 2019, including all-new systems (plumbing, electrical, HVAC) to ensure minimal maintenance issues. Both tenants are excellent Section 8 renters, providing a dependable income. They are interested in renewing their leases, offering long-term stability for an investor. They are also flexible and can vacate with a 3-month notice, if required for transfer processes. Section 8 approves rent escalations every two years. Both units are due for an increase in January 2025, enhancing the investment return potential. The seller is committed to a smooth transition and offers a list of reliable maintenance contacts including plumbers, HVAC tech, landscapers, etc. ensuring you have everything needed to manage the property effectively. Tenants pay through Buildium, allowing for seamless and automated rent collection without the need for physical collection. Proof of current Section 8 payments and tenant payment history for due diligence. With recent renovations and reliable tenants, the property requires little day-to-day management effort, ideal for investors looking for passive income. With the hard work already done, step into a role of a passive investor and watch your investment grow!
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Water Source : Public
Kitchen - Eat-In
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: None
Heating Fuel: Natural Gas
Year Built: 1920
Structure: Interior Row/Townhouse
New Construction: No
Total Units: 2
Built: 1920
Construction Material: Brick
Foundation/Basement: Other
Architecture: Straight Thru
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 1,312
Dimensions: 16.00 x 82.00
Lot Size (Acres): 0.03
Architectural Style: Straight Thru
Main Square Feet: 1,312
SQ ft: 1,460
SQ ft (Living Area): 1,460
Total Lot SQ ft: 1,312
Financing: Cash,Conventional,FHA
Appx. Lot Dimensions: 16.00 x 82.00
Total Acreage: 0.03
New Construction: No
Type: Straight Thru
Possession: Immediate,0-30 Days CD,31-60 Days CD
Days Of Market: 10
Annual Tax: $603
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Immediate,0-30 Days CD,31-60 Days CD
Taxes Assessment Amount: $43,100
Parking Type: On Street
Has Garage: N
Acceptable Financing: Cash,Conventional,FHA
Direction: Trinity
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: Trinity
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5362 Glenmore Avenue , Philadelphia, PA,19143 | $54,900 | -- | -- | 705 | 705 Sqft |
5639 Carpenter Street , Philadelphia, PA,19143 | $44,000 | -- | -- | 1,061 | 1061 Sqft |
1341 S Lindenwood Street , Philadelphia, PA,19143 | $47,000 | -- | -- | 1,000 | 1000 Sqft |
5557 Walton Avenue , Philadelphia, PA,19143 | $145,000 | 3 | 1.0 | 1,040 | 900 Sqft |
1722 S Yewdall Street , Philadelphia, PA,19143 | $19,000 | -- | -- | 885 | 885 Sqft |
6146 Webster Street , Philadelphia, PA,19143 | $45,000 | -- | -- | 1,659 | 1659 Sqft |
531 S Redfield Street , Philadelphia, PA,19143 | $30,000 | -- | -- | 930 | 930 Sqft |
6026 Pine Street , Philadelphia, PA,19143 | $799,000 | -- | -- | 13,500 | 13500 Sqft |
1420 S 58th Street , Philadelphia, PA,19143 | $59,900 | -- | -- | 2,185 | 2185 Sqft |
316 S 60th Street , Philadelphia, PA,19143 | $58,500 | -- | -- | 1,225 | 1225 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 12:02
MLS: PAPH2346908
LISTED BY: Michelle A Phillips , Luxe Real Estate LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
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.