Philadelphia, PA 19142,7032 PASCHALL AVE
Philadelphia, PA 19142,7032 PASCHALL AVE
Philadelphia, PA 19142,7032 PASCHALL AVE
Philadelphia, PA 19142,7032 PASCHALL AVE
Philadelphia, PA 19142,7032 PASCHALL AVE
Philadelphia, PA 19142,7032 PASCHALL AVE
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Listed by Michael John Fiteni • Keller Williams Main Line
Bought with Muller Fetwi • CB Realty One

$285,000

$300,000

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6 Beds

3 Baths

1,763 SqFt


SOLD DATE : 04/02/2025

Key Details

Sold Price $285,000

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,763 sqft

Price per Sqft $161

Subdivision Paschall

MLS Listing ID PAPH2421690

Sold Date 04/02/25

Style Other

Bedrooms 6

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 1,763

Year Built 1915

Annual Tax Amount $3,216

Tax Year 2025

Lot Size 3,410 Sqft

Acres 0.08

Lot Dimensions 31.00 x 110.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Live-In Investment Opportunity with Incredible Earning Potential
Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you'll benefit from immediate income on day one!

Features:
Unit 1 (2 Floors): 3 Beds, 1.5 Baths
Unit 2 (1 Floor): 3 Beds, 1 Bath
Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens.

Investment Highlights:
Projected Rent Income: $3,500/month or $42,000/year
Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500!
Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest.
Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years—or sooner with the right mortgage plan.

New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area.
Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families.
Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access.

Benefits for Buyers:
Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time.
Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow.
High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential.
Perfect for New Investors!
This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia's most promising neighborhoods.

Monthly Income and Expenses:
Rental Income: $3,500/month
Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000/month
Net Income: $3,500 - $2,000 = $1,500/ month
Annual Cash Flow:
Monthly Net Income: $1,500
Annual Net Income: $1,500 x 12 = $18,000
Initial Investment:
Down Payment: $65,000 (on a sales price of $325,000)
ROI Calculation:
ROI=(Annual Net Income/Initial Investment)×100

Now let's plug in the numbers:
ROI=(18,000 / 65,000)×100

The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property.
-8%–12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses.
-15%–20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets.

The property can also be delivered vacant.

Book your showing! Also listed as a Multifamily, MLS ID:PAPH2386860

Location

State PA

County Philadelphia

Area 19142 (19142)

Zoning RSA3

Rooms

Other Rooms Primary Bedroom

Basement Other

Main Level Bedrooms 3

Interior

Hot Water Other

Heating Other

Cooling Other

Flooring Fully Carpeted

Fireplace N

Heat Source Other

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Pets Allowed N

Senior Community No

Tax ID 403324900

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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