Remarks

PROPERTY IS BEING OFFERED AS A PACKAGE WITH 5236 W JEFFERSON ST. AND 1728 N WILTON ST. PLEASE INQUIRE FOR PACKAGE INFORMATION. PACKAGE IS OFFERED AT $749,000 WITH GREAT INVESTMENT RETURN.

5236 W Jefferson St., 1728 N Wilton St., and 1672 N Wilton St. are being offered together as a package deal. All three properties are 3 bed/1.5 bath and have been fully gutted and remodeled (pictures/videos and receipts of work are available upon request). No expense was spared on these renovations - fully waterproofed basements with new slabs, all new mechanicals, framing, insulation, drywall, etc. These properties will be able to easily provide steady income for the next 30 years.

Total Gross Income for the three properties is $6,090 per month. These rents are covered by PHA Section 8, with newer leases. 5236 Jefferson St. has another entire year left on its lease, and both properties on Wilton St. have nearly two years left on their lease. PHA is paying over 90% of the rent burden for two of the properties, and about 75% of the rent burden for the other. Tenants pay for all utilities.

All tenants pay on time and take amazing care of the properties. All properties remain looking as new and are problem free. Anything and everything that could have been performed to these properties has already been done. These are essentially turnkey rentals.

The 19131 zip code provides great upside for investors who are looking for a viable long-term strategy. The commercial corridor here in West Parkside has seen awesome increases in median household income as well as home sales.

Details

MLS#: PAPH2433472
Price: $249,600

Year Built: 1925

County: PHILADELPHIA
Subdivision: Parkside
Tax Fee: 816.0