Bought with Muller Fetwi • CB Realty One
$285,000
$300,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "