Listing provided by: Donna Mcgovern, OCF Realty LLC - Philadelphia
1402 N Willington St
Philadelphia, PA 19121
$450,000
Sold
Overview
Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental Income Listing Price: $450,000 Property Overview: Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown: Unit 1 (Ground Floor): 3 bedrooms, 1 full and 1/2 bathroom, Bi-level open-plan living with dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 1 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony. Unit 3 (Third Floor): 2 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures. Key Features: Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor. Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures. Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities. Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability. Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs. Financial Highlights: Monthly Rental Income: $4,500 Annual Rental Income: $54,000 Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance) Net Operating Income: Approximately $39,000 Cap Rate: 8.6% (approx) Cash-on-Cash Return: 12% (approx) Additional Information: This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor. Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
...
Beds
Full Baths
2,109 ft2
1,136 ft2
Details
General
Stories
Bedrooms
Bathrooms
full, partial
Square footage
2,109 sq. ft.
Lot size
1,136 sq. ft.
Pool
No
Year built
2009
Other
Type
Other types
Listing information
MLS #
PAPH2391762
APN
Listing provided by
Donna Mcgovern, OCF Realty LLC - Philadelphia
Attribution Contact
+12672234200
Status
Sold
Location
Neighborhood
County
PHILADELPHIA-PA
1402 N Willington St, Philadelphia, PA 19121
Dear Buyers!
We write letters to homeowners in neighborhoods that interest you to uncover homeowners who are
planning to sell soon. This way you can get ahead of the curve with an early preview. If you'd like us
to write letters for you, click the button below to input your preferences so we target the right homes
on your behalf.
Get started
