$110,000
$105,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1 Bath
1,300 SqFt
SOLD DATE : 10/27/2023
Key Details
Sold Price $110,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $84
Subdivision Germantown (East)
MLS Listing ID PAPH2280574
Sold Date 10/27/23
Style Traditional
Bedrooms 4
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,300
Originating Board BRIGHT
Year Built 1965
Annual Tax Amount $1,553
Tax Year 2022
Lot Size 1,571 Sqft
Acres 0.04
Lot Dimensions 20.00 x 79.00
Property Description
This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually.
1. **210 W Albanus St, 19120**
- Monthly Rent: $1,150
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $720
2. **1673 Pratt St, 19124**
- Monthly Rent: $1,299
- Bedrooms: 4
- Bathrooms: 1
- PHA Payment: $513
3. **5686 Magnolia St, 19144**
- Monthly Rent: $1,350
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $1,121
4. **5947 Wister St, 19138**
- Monthly Rent: $1,332
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $702
5. **4689 N 16th St**
- Monthly Rent: $1,194
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $1,094
- **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one.
- **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA).
- **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy.
- **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio.
- **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation.
Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA5
Rooms
Basement Full
Main Level Bedrooms 4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Garage Basement Garage
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Attached Garage 1
Total Parking Spaces 1
Garage Y
Building
Story 2
Foundation Other
Sewer Public Hook/Up Avail
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 122194500
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Moshe Adika • TCS Management, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "