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1650 Orthodox Street

PHILADELPHIA, PA 19124
  • $150,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: PAPH2310302
$150,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,280
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

School District:

Description

Cashflow King. Double Your Dividends: Duplex with 10.7% Cap Rate in Prime Philly Location!Room to increase your cashflow and appreciation. Unit 1 has under market rents, while unit 2 needs updating. Even with one unit vacant the property boasts a 10.7 Cap Rate. Spacious 4-bedroom, 1-bathroom unit: Perfect for groups of any demographic, this unit generates consistent income ( with room to grow ) with ample space for comfortable living. Cozy 1-bedroom, 1-bathroom unit: This unit provides additional rental income and maximizes your return on investment. Update this unit and increase the already healthy rate of return. Minutes from major attractions, vibrant nightlife, and diverse dining options.Easy access to public transportation: Tenants can easily explore the city and surrounding areas without relying on cars.Growing neighborhood with strong rental demand: Benefit from the area's steady development and increasing tenant pool.Separate utilities: Individual meters for each unit minimize tenant disputes and maximize control over expenses.Potential for further value enhancement: Renovate the units or add modern amenities to attract premium renters and further boost your returns.Don't miss out on this rare opportunity to secure a high-performing asset in a desirable Philadelphia location! Contact us today to schedule a viewing and unlock your path to financial freedom with this 10.6% cap rate powerhouse!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T23:57:04.53.
www.soldbybroc.com/homes/146458104
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1650 Orthodox Street PHILADELPHIA, PA 19124

  • Price: $150,000
  • Status: Active
  • On Site: 167 Days
  • ID#: PAPH2310302
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1,280
SQFT
$117
$/SQFT
1935
Built
Neighborhood:
19124 (19124)
County:
Philadelphia
Area:
19124 (19124)
School District:
Philadelphia City
Property Description
Cashflow King. Double Your Dividends: Duplex with 10.7% Cap Rate in Prime Philly Location!Room to increase your cashflow and appreciation. Unit 1 has under market rents, while unit 2 needs updating. Even with one unit vacant the property boasts a 10.7 Cap Rate. Spacious 4-bedroom, 1-bathroom unit: Perfect for groups of any demographic, this unit generates consistent income ( with room to grow ) with ample space for comfortable living. Cozy 1-bedroom, 1-bathroom unit: This unit provides additional rental income and maximizes your return on investment. Update this unit and increase the already healthy rate of return. Minutes from major attractions, vibrant nightlife, and diverse dining options.Easy access to public transportation: Tenants can easily explore the city and surrounding areas without relying on cars.Growing neighborhood with strong rental demand: Benefit from the area's steady development and increasing tenant pool.Separate utilities: Individual meters for each unit minimize tenant disputes and maximize control over expenses.Potential for further value enhancement: Renovate the units or add modern amenities to attract premium renters and further boost your returns.Don't miss out on this rare opportunity to secure a high-performing asset in a desirable Philadelphia location! Contact us today to schedule a viewing and unlock your path to financial freedom with this 10.6% cap rate powerhouse!
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1280 Appliances DryerMicrowaveOven - SingleWasherWasher - Front Loading Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Heating Radiator Heating YN Yes Rooms Total 5 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Acceptable Financing CashFHA 203(k)PrivateConventional Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Stone Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 2 Number Of Units Vacant 1 Original MLSNumber 802802187188 Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1433.00 Tax Lot 4 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of KW Empower: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T23:57:04.53.
 
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The Broc Schmelyun Team | RE/MAX
1147 Eichelberger Street
Hanover PA, 17331