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+16172471933
Amo Realty
3281 Red Lion Rd, Philadelphia, PA 19114
- $450,000
- 1,116
- SqFt
- List Price
- $450,000
- Status
- ACTIVE
- Price Change
- ▲ $25,000 1788657323
- MLS#
- PAPH2665064
- Subtype
- Multi-Family
- Style
- Apartment
- Year Built
- 1974
- Living Area
- 1,116
- Lot Size
- 2,613
- Acres
- 0.06
- Subdivision
- Morrell Park
- MLS Area Major
- 19114 (19114)
Property Description
Now offering 3281 Red Lion Road: a duplex w/ a unit mix of two (2) 2bd/1ba units, w/ Unit 1 currently occupied by a long-term tenant paying $1,550/month (their lease ends in February) and Unit 2, which has just been leased for $1,700/month on a 12 month term (started 9/27/26). Unit 2 features in-unit washer and dryer, and a private outdoor balcony. Fully rehabbed just a year ago and move-in ready, the apartment boasts a stylish kitchen with granite countertops, brand-new stainless steel appliances, and white shaker cabinets. Enjoy all-new luxury vinyl plank flooring, recessed LED lighting, and two evenly sized bedrooms. Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access. Right out front, there are two (2) dedicated parking spots- one for each unit. Using "back of the napkin" underwriting, if you conservatively set aside 25% of your gross income to cover expenses, this building is operating at a 6.5% cap rate. Schedule your tour today!
Additional Information
- Taxes
- $5,452
- Property Description
- Apartment
- Zoning
- RSA-4
- Heating
- Central
- Air Conditioning
- Central Air
- Foundation
- Brick/Mortar
- Parking Features
- Paved
- School District
- Philadelphia City
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Listing courtesy of Keller Williams Main Line. Contact: