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Key Details
Sold Price $109,900
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,676 sqft
Price per Sqft $65
Subdivision West Philadelphia
MLS Listing ID 1003627971
Sold Date 01/22/15
Style Other
HOA Y/N N
Abv Grd Liv Area 1,676
Originating Board TREND
Year Built 1915
Annual Tax Amount $1,167
Tax Year 2014
Lot Size 1,272 Sqft
Acres 0.03
Lot Dimensions 15X83
Property Description
Let your tenant pay your mortgage in the Cobbs Creek Section of Philadelphia! This tree-line street is minutes from Public Transportation (Market Frankford Line, Septa Trolleys and Buses), Libraries, Playgrounds, Cobbs Creek Skating Rink, and directly across the street from Cobbs Creek Park itself. Living so close to the park, you can't avoid joining the dog-walkers, joggers, people watchers, and caregivers that enjoy the park, playground and recreational areas. This home is located within ten minutes of UPenn, Drexel and other local schools and Universities. You can also get to Center City on Public Transportation in 15 minutes. So the location is great! Let's explore the opportunities. This currently occupied Turn Key Duplex is a great way to earn income while owning your next home or you can purchase it as an Investment property and earn money while you sleep. This RECENTLY RENOVATED DUPLEX with many new upgrades and appliances currently has two, 2-bedroom apartments on the first and second floors and space for another 2-Bedroom Apartment in the Basement. (Check zoning first) Average 2-Bedroom apartments in the area rent for $700 - $900 depending on amenities. Each Floor has 2 bedrooms, living room, full bathroom, and eat-in kitchen. This property has separate electric, separate heat, separate gas, and separate Central Air units. There are also set ups for separate utilities for the basement area. An average FHA Loan with 3.5% down at a 4.5% interest rate would be a monthly payment of $850. This would include Principal, Interest, PMI, Average Home owners insurance, and taxes. (Monthly payment would vary depending on loan approval and options.) It is currently rented at for $700/month for each unit. Do the math and realize that you can immediately earn a profit as an investor or let your tenant pay most of your mortgage. Either way is a good deal. Schedule a showing today to explore the possibilities of your next adventure!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Gas, Hot Water
Cooling Central A/C
Flooring Wood
Fireplace N
Window Features Energy Efficient,Replacement
Heat Source Natural Gas
Laundry None
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 341263900
Ownership Fee Simple
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
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Bought with Veonda L Gardner • Gardner Realty LLC