Active
7032 Paschall Ave
Philadelphia PA, 19142
$325,000
$184.34 per sqft
Active
4 Beds
1,763 sqft
Multi-family
Built in 1915
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)x100
Let's plug in the numbers:
ROI=(18,000 / 65,000)x100
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!
PAPH2386860
MLSⓇ ID
August 23, 2024
Listed
November 22, 2024
Updated
Map
7032 Paschall Ave
Philadelphia PA, 19142
Interior Features
Bedrooms
4
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Architectual Style
Other
Sewer
Public Sewer
School Information
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Other Property Details
Area Name
PHILADELPHIA
Taxes
$4,035
Tax Frequency
Annually
Days on Market
90
Garage
No
Parking
On Street
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Keller Williams Main Line
Listing Contact: 4843400598
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 1:58 AM UTC