708 S 59TH Street

    PHILADELPHIA, PA 19143
    • $149,999
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: PAPH835686
    UPDATED: 88 min ago
    $149,999
    • 3
      BEDS
    • 0.03
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 1,220
      SQFT
    • $123
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 16 fully-rehabbed, tenant-occupied properties, 14 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in real estate development in these immediate vicinities. Spacious 3bd/1ba, 1,220 sqft, single-family rental. Pro forma annual income = $15,500. Pro forma annual expenses = $2,480. Pro forma NOI = $10,810. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.

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    ©2019 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. 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: 2019-10-17T19:58:47.197.
    www.movingbucksmont.com/homes/99208957

    708 S 59TH Street PHILADELPHIA, PA 19143

    • Price: $149,999
    • Status: Active
    • Updated: 88 min ago
    • ID#: PAPH835686
    3
    Beds
    1
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,220
    SQFT
    $123
    $/SQFT
    1925
    Built
    Neighborhood:
    West Philadelphia
    County:
    Philadelphia
    Area:
    19143 (19143)
    School District:
    The School District Of Philadelphia
    Property Description
    Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 16 fully-rehabbed, tenant-occupied properties, 14 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in real estate development in these immediate vicinities. Spacious 3bd/1ba, 1,220 sqft, single-family rental. Pro forma annual income = $15,500. Pro forma annual expenses = $2,480. Pro forma NOI = $10,810. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.
    Exterior Features

    Architectural Style Contemporary Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1220 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Other Heating YN Yes Levels 2 Main Level Bedrooms 0 Room List Bedroom 3 Upper Level1 Bedrooms 3

    Property Features

    Accessibility Features Other Assessment Year 2019 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Natural Gas Heating Fuel Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 302066179125 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 1083.0 Tax Assessment Amount 77400.0 Tax Lot 153 Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Compass Pennsylvania, Llc.
    ©2019 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. 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: 2019-10-17T19:58:47.197.
     
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