Address
1650 Orthodox Street, Philadelphia, PA
Price
$ 150,000
Property Attributes
- MLS#PAPH2310302
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19124
- Zip19124
- Style
- Year Built1935
- Taxes$ 1433
- Price$ 150,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.03 Acres
Data Source:
Bright MLS
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!
| Price History | |
|---|---|
| 1/7/2024 | Listed $180,000 |
| 1/18/2024 | 17% - $150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | Window Unit(s) |
| Possession | 0-30 Days CD,31-60 Days CD |
| Appliances | Dryer,Microwave,Oven - Single,Washer,Washer - Front Loading |
| Zoning | RM1 |
| Architectural Style | Other |
| Construction Materials | Masonry |
| School District | PHILADELPHIA CITY |
| Year Built | 1935 |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 5 |
| Status | ACTIVE |
| Directions | Reccommend Using GPS. |
| ModificationTimestamp | 2024-05-18T08:34:27 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| NumberOfUnitsTotal | 2 |
| MLS Area | 19124 (19124) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 1250.00 |
| Tax Assessed Value | 102400.0 |
| Waterfront Y/N | No |
| Tax Annual Amount | 1433.0 |
| Structure Type | Interior Row/Townhouse |
| One Bedroom Units Count | 1 |
| NumberOfUnitsVacant | 1 |
| Other Units | Unit 1,Unit 2 |
| Price Per Sq Ft Total AG | 117.19 |
| Acceptable Financing | Cash,FHA 203(k),Private,Conventional |
| Vacation Rental Y/N | No |
| Total SQFT | 1280 |
| Days on Market | 152 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 4 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Land Use Code | N30 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Dimensions | 20.00 x 63.00 |
| Lot Size Acres | 0.03 |
| Lot Size Source | Assessor |
| Land Assessed Value | 20400.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19124
Price
Taxes
Visits
Year Built
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