320 N 62nd St, Philadelphia, PA 19139

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List Price
$395,000
Status
ACTIVE
Days on Market
165
Price Change
▼ $4,000 1791270622
MLS#
PAPH2616122
Subtype
Multi-Family
Style
Contemporary
Year Built
1915
Living Area
2,700
Lot Size
1,911
Acres
0.04
MLS Area Major
19139 (19139)

Property Description

STABLE INVESTMENT OPPORTUNITY!!! WELCOME TO THIS TOP-NOTCH FINISHED, ALMOST BRAND-NEW, FULLY RENOVATED 2023 INCOME-GENERATING TRIPLEX LOCATED IN ONE OF PHILADELPHIA’S RAPIDLY DEVELOPING NEIGHBORHOODS! THIS AMAZING PROPERTY FEATURES 3 WELL-DESIGNED UNITS WITH STRONG RENTAL POTENTIAL AND IMMEDIATE CASH FLOW. UNIT BREAKDOWN: • UNIT #1 – 2 BEDROOMS, 1 BATHROOM – CURRENTLY RENTED FOR $1,325/MONTH • UNIT #2 – 2 BEDROOMS, 1 BATHROOM – CURRENTLY RENTED FOR $1,325/MONTH • UNIT #3 – STUDIO UNIT – CURRENTLY IN THE RENTING PROCESS THE PROPERTY WAS COMPLETELY UPDATED IN 2023 AND OFFERS MODERN FINISHES, UPDATED SYSTEMS, AND LOW-MAINTENANCE OWNERSHIP. ADDITIONALLY, THE PROPERTY HAS APPROXIMATELY 7 YEARS REMAINING ON AN APPROVED TAX ABATEMENT, PROVIDING A STRONG AND STABLE INVESTMENT OPPORTUNITY WITH LONG-TERM SAVINGS AND CASH FLOW POTENTIAL. PERFECT FOR INVESTORS LOOKING TO ADD A TURNKEY, INCOME-PRODUCING PROPERTY TO THEIR PORTFOLIO!

Additional Information

Taxes
$2,395
Property Description
Contemporary
Zoning
RM-1
Heating
Forced Air, Electric Baseboard
Air Conditioning
Central Air
School District
The School District Of Philadelphia

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Listing courtesy of HomeSmart Realty Advisors. Contact: