Investment Property with Reliable Income! 6 bed 2 full bath home with a basement, and private backyard. The first floor features a private room and an open concept kitchen, the lower level features two private rooms and a full bath, upstairs there are 3 more bedrooms and the second full bathroom. Located only a 6 minute ride to Temple University. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $1, 800 ($21, 600 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 1221 Wagner Ave, Philadelphia and 5129 N 10th St, Philadelphia which is producing a combined $69, 600 annually. The asking price for all 3 properties is $600, 000.
Property Features
Bedrooms
- Bedrooms: 6
- Primary Bedroom Level: Upper 1
- Bedroom 1 Level: Upper 1
- Bedroom 2 Level: Upper 1
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
Heating and Cooling
- Heating Features: Baseboard - Electric
- Heating: Yes
Kitchen and Dining
- Dining Room Level: Main
- Kitchen Features: Kitchen - Electric Cooking
- Kitchen Level: Main
Other Rooms
Land Info
- Lot Size Acres: 0.027663
- Lot Size Square Feet: 1205
Garage and Parking
- Parking Features: On Street
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Other Property Info
- Municipality: PHILADELPHIA
- Annual Tax Amount: 1119.0
- Source Listing Status: Active
- County: PHILADELPHIA
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: PHILADELPHIA
- Property Subtype: townhouse
- Source Neighborhood: PHILADELPHIA (NORTH)
- Postal Code Plus 4: 4201
- Subdivision: PHILADELPHIA (NORTH)
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1282
- Year Built: 1925
- Above Grade Finished Area: 1282
- Construction Materials: Masonry
- Property Age: 99
- Levels or Stories: 2
- Structure Type: Interior Row/Townhouse
- House Style: Colonial
- Total Area Sqft: 1282