1402 N WILLINGTON ST Pending Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,109 sqft
Price per Sqft $213
MLS Listing ID PAPH2391762
Style Other
Year Built 2009
Annual Tax Amount $7,476
Tax Year 2023
Lot Size 1,136 Sqft
Property Description
Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental Income Listing Price: $450,000 Property Overview: Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown: Unit 1 (Ground Floor): 3 bedrooms, 1 full and 1/2 bathroom, Bi-level open-plan living with dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 1 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony. Unit 3 (Third Floor): 2 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures. Key Features: Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor. Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures. Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities. Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability. Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs. Financial Highlights: Monthly Rental Income: $4,500 Annual Rental Income: $54,000 Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance) Net Operating Income: Approximately $39,000 Cap Rate: 8.6% (approx) Cash-on-Cash Return: 12% (approx) Additional Information: This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor. Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Special Listing Condition Standard