Description
Excellent opportunity to own an income producing property in Tioga neighborhood of Philadelphia. Property was completely renovated in 2019 with many modern upgrades such as pvc drain and pex piping. It has a modern kitchen as well as a central air system. Property is tenant occupied with Section 8 lease in place with pays a full amount of $1440 a month. Tenant is responsible for all utility bills. Rent is from 2019 and is low by current section 8 standards. It can be raised to $1800-$2100 for current tenant or be at $2100 if rented to a new tenant. This property is legally zoned as a triplex, so with minor upgrades, you can rent it out as 3 units for a much higher rent without going through the city process of re-zoning. Property is currently off market due to tenant's child being sick. Once tenant confirms availability, property will be active again.Please note that some sites such as zillow are incorrectly showing the property as being 14 bedrooms. This information is incorrect. This property is a triplex with 6 bedrooms.
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7BEDS
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0.04ACRES
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2BATHS
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21/2 BATHS
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2,998SQFT
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$125$/SQFT
School Information
Description
Excellent opportunity to own an income producing property in Tioga neighborhood of Philadelphia. Property was completely renovated in 2019 with many modern upgrades such as pvc drain and pex piping. It has a modern kitchen as well as a central air system. Property is tenant occupied with Section 8 lease in place with pays a full amount of $1440 a month. Tenant is responsible for all utility bills. Rent is from 2019 and is low by current section 8 standards. It can be raised to $1800-$2100 for current tenant or be at $2100 if rented to a new tenant. This property is legally zoned as a triplex, so with minor upgrades, you can rent it out as 3 units for a much higher rent without going through the city process of re-zoning. Property is currently off market due to tenant's child being sick. Once tenant confirms availability, property will be active again.Please note that some sites such as zillow are incorrectly showing the property as being 14 bedrooms. This information is incorrect. This property is a triplex with 6 bedrooms.
©2023 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: 2023-06-10T12:52:58.767.