5129 N 10th St , Philadelphia, PA 19141
Philadelphia, PA 19141
Description
Investment Triplex with Reliable Income & Development Potential! Fantastic investment opportunity with this fully rented triplex on an oversized lot, offering additional potential for future development (buyer due diligence required). The property includes three separate units: a large 5-bedroom unit with a kitchen and bathroom, and two 1-bedroom/1-bath units with kitchens. Additional features include a garage accessible from the rear alley under the deck. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $2,200 ($26,400 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing for each unit, 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 3539 N Marvine St, Philadelphia which is producing a combined $69,600 annually. The asking price for all 3 properties is $600,000.
Details
| Mls | PAPH2415184 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 45 |
| Listing Provided By | Keller Williams Realty - Moorestown | Austin Cennimo |
Features
| Sq Feet | 1,700 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Zoning | RSA3 |
| Acreage | 0.08 |
| Property View | Yes |
Market Activity 19141
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19141 |
| Area | 19141 |
| Community Name | Olney |
| School District | Philadelphia City |
| Listing VS Median (in Olney) | |
Price: $229,000 low | high Med: $169,444 SqFt: 1,700 low | high Med: 1,626 $ / SqFt: $135 low | high Med: $106 On Site: 45 low | high Med: 90.000000 | |