Major price improvement!! Amazing investment opportunity to own a cash flowing triplex, an extra wide 2 car garage AND an adjoining vacant lot to build on or use for additional amenity space. The triplex is located in a booming section of North Kensington w under market rents and potentially the ability for an owner occupant to acquire this property and immediately generate real cash flow! The garage is currently not being used and can be quickly rented out for additional income. The area is super close to Fishtown, Frankford Ave corridor with their fantastic shops and restaurants. Not to mention directly across the street from a trendy café with public transportation abound. Each unit has its own utilities which are separately metered. The large first floor 1 bed 1 bath unit is rented for $1236+$35 water fee and has access to the side door to the yard and the basement. The second floor which is a 2 bed 1 bath unit ($1272+$35 water fee). The third floor also is a 2 bed 1 bath but is configured as a large 1 bed 1 bath ($957+$35 water fee). This triplex is generating ALREADY $3,570 a month ($42,850 a yr) PLUS you can immediately rent out the garage for additional income. This investment has multiple revenue stream's and full of opportunity! Seller open to providing an 'assist' w accepted offer as well.
| MLS # | PAPH2457082 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 268 |
| Listing Provided By | Realty Mark Associates | Seth C Brodsky |
| SQ Feet | 2,250 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Units | 3 |
| Zoning | RSA5 |
| Acreage | 0.02 |
| Cooling | Central A/C, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Permanent |
| Garage Yes / No | Yes |
|---|
| Tax Annual Amount | 6908 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19122) | |
Price: $514,900 low | high Med: $214,450 sqft: 2,250 low | high Med: 935 $ / sqft: $229 low | high Med: $234 On site: 268 low | high Med: 170.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19122) | |
Price: $514,900 low | high Med: $214,450 sqft: 2,250 low | high Med: 935 $ / sqft: $229 low | high Med: $234 On site: 268 low | high Med: 170.5 | |