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1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
1716 Bridge St
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$175,000

1716 Bridge St

5 Beds 1,408 Sq.Ft.

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.

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Location

1716 Bridge St, Philadelphia, PA 19124

Status

Sold
Nabila Baba  Alaoui-Jackson

Nabila Baba Alaoui-Jackson

TITLE

Real Estate Agent

Property Amenities

Interior
Flooring Vinyl
Total Bedrooms: 5
Other Interior Features Vinyl
Area & Lot
Lot Area 309 Sq.Ft.
Living area 1,408 Sq.Ft.
MLS® ID PAPH2383150
Year Built 1920
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Architecture Styles AirLite
Type Multi-Family
Status Sold
Exterior
Air conditioning Window Unit(s), Ceiling Fan(s)
Heat type Hot Water, Natural Gas
Water Source Public
Sewer Public Sewer
Parking On Street
Utilities Natural Gas Available
Finance
Sales Price $175,000
Real Estate Tax $2,802 yearly

Philadelphia

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