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  • $175,000

    1716 Bridge St, Philadelphia, PA 19124

    5beds
    --baths
    1,408sqft
    Townhouse
    Built in 1920
    -- sqft lot
    $176,500 Zestimate®
    $124/sqft
    $-- HOA

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: December 18, 2024 at 07:00am

    Listed by:

    Leslie Margolies 215-904-3006,

    Long & Foster Real Estate, Inc.,

    Co-Listing Agent: Nabila Baba Alaoui-Jackson 215-936-9386,

    Keller Williams Main Line

    Bought with:

    Nabila Jackson baba alaoui-jackson, RS344492

    Keller Williams Main Line

    Source: Bright MLS,MLS#: PAPH2383150MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    Basement
    • Area: 0
    Heating
    • Hot Water, Radiator, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Ceiling Fan(s), Dry Wall
    • Flooring: Vinyl
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,408
    • Total interior livable area: 1,408 sqft

    Property

    Parking
    • Parking features: Free, On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 309 sqft
    • Dimensions: 15.00 x 20.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 622097500
    • Zoning: RM1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: AirLite
    • Property subtype: Townhouse
    Materials
    • Brick Front
    • Foundation: Other, Brick/Mortar, Block, Stone
    • Roof: Flat
    Condition
    • Good
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Water Available, Natural Gas Available, Electricity Available

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Subdivision: Frankford
    • Municipality: PHILADELPHIA

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,FHA 203(k),FHA,FHA 203(b),Other
    • Ownership: Fee Simple
    Services availability
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