4147 Paul St , Philadelphia, PA 19124
Philadelphia, PA 19124
Description
Multi-Family Investment Opportunity - Fully Occupied Except One Unit! This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here’s what makes this property a must-see: 1st Floor Unit Spacious 2-bedroom apartment with access to a private yard.Long-term tenant (6 years) paying $800/month - well below market value, presenting an opportunity to increase rent upon lease renewal.Meticulously cared for by the tenant, with original hardwood floors adding character and charm. 2nd Floor Units Back Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month.Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value. 3rd Floor Unit 1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures.Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income. Key Features: Consistent rental income from long-term tenants.Renovation potential to boost rents and overall property value.Flexibility to adjust layouts and maximize returns. This property combines stable cash flow with opportunities for value-add improvements. Don’t miss your chance to capitalize on this income-generating asset!
Details
| MLS# | PAPH2429990 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 31 |
| Listing Provided By | Keller Williams Real Estate-Horsham | Ryan Margaret Giorla |
Features
| SQ Feet | 1,809 |
|---|---|
| Basement | Y |
| Units | 1 |
| Zoning | RM1 |
| Acreage | 0.05 |
Market Activity 19124
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19124 |
| Area | 19124 |
| Community Name | Frankford |
| School District | Philadelphia City |
| Listing VS Median (in Frankford) | |
Price: $425,000 low | high Med: $124,900 SqFt: 1,809 low | high Med: 1,030 $ / SqFt: $235 low | high Med: $121 On Site: 31 low | high Med: 600.000000 | |
