Homes for sale - 1716 BRIDGE ST, Philadelphia, PA 19124

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Justin Heath

justin@sellinggreaterphilly.com +1(215) 808-7425

$ 175,000

Est. payment -/mo

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Pending

1716 BRIDGE ST Philadelphia, PA 19124

1,408 SqFt

UPDATED:

10/14/2024 11:49 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 1,408 sqft

Price per Sqft $124

Subdivision Frankford

MLS Listing ID PAPH2383150

Style AirLite

Abv Grd Liv Area 1,408

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $2,802

Tax Year 2023

Lot Size 309 Sqft

Acres 0.01

Lot Dimensions 15.00 x 20.00

Property Description

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.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RM1

Interior

Interior Features Ceiling Fan(s)

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Flooring Vinyl

Inclusions All furniture and appliances

Fireplace N

Heat Source Natural Gas

Exterior

Utilities Available Water Available, Natural Gas Available, Electric Available

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Other, Brick/Mortar, Block, Stone

Sewer Public Sewer

Water Public

Architectural Style AirLite

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 622097500

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA 203(k), FHA, FHA 203(b), Other

Listing Terms Cash, Conventional, FHA 203(k), FHA, FHA 203(b), Other

Financing Cash,Conventional,FHA 203(k),FHA,FHA 203(b),Other

Special Listing Condition Standard

Listed by Leslie A Margolies • Long & Foster Real Estate, Inc.

Justin Heath

Team Leader | Realtor | License ID: RS347845 PA & 2298019 NJ

+1(215) 808-7425

Justin Heath

1716 BRIDGE ST Philadelphia, PA 19124

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1716 BRIDGE ST