$325,000
7032 PASCHALL AVE Philadelphia, PA 19142
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$325,000
Est. payment /mo
1,763 SqFt
Price Dropped by $24K
7032 PASCHALL AVE Philadelphia, PA 19142
UPDATED:
11/20/2024 07:35 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,763 sqft
Price per Sqft $184
Subdivision Paschall
MLS Listing ID PAPH2386860
Style Other
Abv Grd Liv Area 1,763
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,035
Tax Year 2024
Lot Dimensions 31.00 x 110.00
Property Description
Live-In Investment Opportunity with Incredible Earning Potential
Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you’ll benefit from immediate income on day one!
Features:
Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths
Unit 2 (1 Floor): 3 Bedrooms, 1 Bath
Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens.
Investment Highlights:
Projected Rent Income: $3,500/month or $42,000/year
Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500!
Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest.
Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years—or sooner with the right mortgage plan.
New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area.
Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families.
Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access.
Key Benefits for Buyers:
Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time.
Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow.
High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential.
Perfect for New Investors!
This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia’s most promising neighborhoods.
THE NUMBERS SPEAK FOR THEMSELVES!!
Monthly Income and Expenses:
Rental Income: $3,500 per month
Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month
Net Income: $3,500 - $2,000 = $1,500 per month
Annual Cash Flow:
Monthly Net Income: $1,500
Annual Net Income: $1,500 x 12 = $18,000
Initial Investment:
Down Payment: $65,000 (on a sales price of $325,000)
ROI Calculation:
ROI=(Annual Net Income/Initial Investment)×100
Let’s plug in the numbers:
ROI=(18,000 / 65,000)×100
The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property.
-8%–12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses.
-15%–20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets.
Property can be delivered vacant
Book your showing!
Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you’ll benefit from immediate income on day one!
Features:
Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths
Unit 2 (1 Floor): 3 Bedrooms, 1 Bath
Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens.
Investment Highlights:
Projected Rent Income: $3,500/month or $42,000/year
Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500!
Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest.
Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years—or sooner with the right mortgage plan.
New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area.
Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families.
Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access.
Key Benefits for Buyers:
Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time.
Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow.
High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential.
Perfect for New Investors!
This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia’s most promising neighborhoods.
THE NUMBERS SPEAK FOR THEMSELVES!!
Monthly Income and Expenses:
Rental Income: $3,500 per month
Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month
Net Income: $3,500 - $2,000 = $1,500 per month
Annual Cash Flow:
Monthly Net Income: $1,500
Annual Net Income: $1,500 x 12 = $18,000
Initial Investment:
Down Payment: $65,000 (on a sales price of $325,000)
ROI Calculation:
ROI=(Annual Net Income/Initial Investment)×100
Let’s plug in the numbers:
ROI=(18,000 / 65,000)×100
The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property.
-8%–12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses.
-15%–20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets.
Property can be delivered vacant
Book your showing!
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning RSA3
Rooms
Basement Other
Interior
Hot Water Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 403324900
Ownership Other
Special Listing Condition Standard
Listed by Michael John Fiteni • Keller Williams Main Line
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