$175,000
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1716 Bridge Street Philadelphia, PA 19124 Municipality: Philadelphia
Multi-Family
Residence
Beds
Baths
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Bed/Bath
Sq. Ft.
Property Activity
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BACK ON THE MARKET! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate!! Being sold 25k below the assessed value! Zoned as a duplex. ...Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J.O.B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell. Cash deals preferred. Property being sold AS IS.
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MLS#
PAPH2383150
Property Type
Multi-Family
Year Built
1920
Price per Sq. Ft.
$124.29
Lot Size
0.01
Sewer
Public Sewer
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