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1705 W Erie Avenue

PHILADELPHIA, PA 19140
  • $340,000
  • STATUS: Active
  • ON SITE: 125 Days
  • ID#: PAPH2288582
UPDATED: 58 min ago
$340,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:

School Ratings & Info

Description

Unlock the potential of your investment portfolio with 1705 W Erie Ave, an exceptional 5-unit property listed at $425,000. Strategically located in the heart of Philadelphia, this property offers the perfect canvas for investors seeking value and the opportunity to capitalize on sweat equity.Key Features:Versatile Unit Mix: Comprising two spacious two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit, this property appeals to a broad tenant demographic, ensuring a steady stream of potential renters.Vacant Units: All units are currently vacant, providing investors with a blank slate to implement upgrades, renovations, and value-added improvements, maximizing rental potential and overall property value.Sweat Equity Potential: The property is ripe for sweat equity, allowing investors to enhance the property's appeal and value through strategic renovations and upgrades. This presents an excellent opportunity to increase rental income and property appreciation.Strategic Location: Situated in the dynamic 19140 area, the property benefits from proximity to essential amenities, public transportation, and local attractions, making it an attractive option for prospective tenants.Affordable Entry Point: Priced at $425,000, this property offers an affordable entry point for investors looking to enter or expand their real estate portfolio in the thriving Philadelphia market.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T19:54:33.153.
www.newhometeammd.com/homes/144440107
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1705 W Erie Avenue PHILADELPHIA, PA 19140

  • Price: $340,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 58 min ago
  • ID#: PAPH2288582
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1929
Built
Neighborhood:
19140 (19140)
County:
Philadelphia
Area:
19140 (19140)
School District:
The School District Of Philadelphia
Property Description
Unlock the potential of your investment portfolio with 1705 W Erie Ave, an exceptional 5-unit property listed at $425,000. Strategically located in the heart of Philadelphia, this property offers the perfect canvas for investors seeking value and the opportunity to capitalize on sweat equity.Key Features:Versatile Unit Mix: Comprising two spacious two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit, this property appeals to a broad tenant demographic, ensuring a steady stream of potential renters.Vacant Units: All units are currently vacant, providing investors with a blank slate to implement upgrades, renovations, and value-added improvements, maximizing rental potential and overall property value.Sweat Equity Potential: The property is ripe for sweat equity, allowing investors to enhance the property's appeal and value through strategic renovations and upgrades. This presents an excellent opportunity to increase rental income and property appreciation.Strategic Location: Situated in the dynamic 19140 area, the property benefits from proximity to essential amenities, public transportation, and local attractions, making it an attractive option for prospective tenants.Affordable Entry Point: Priced at $425,000, this property offers an affordable entry point for investors looking to enter or expand their real estate portfolio in the thriving Philadelphia market.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Roof Asbestos ShingleFlat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2759.00 Cooling Window Unit(s) Flooring Laminate PlankLaminatedCarpetWood Heating Baseboard - Electric Heating YN Yes Net Square Feet 2749.00

Property Features

Acceptable Financing CashConventionalFHA 203(b)FHA 203(k) Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Foundation Details BlockConcrete PerimeterStone Heating Fuel Electric Historic YN No Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 802678179790 Ownership Interest Fee Simple Possession Negotiable0-30 Days CDImmediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1863.00 Tax Assessment Amount 133100.00 Tax Lot 96 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of Del Val Realty & Property Management: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T19:54:33.153.
 
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