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7032 Paschall Avenue

PHILADELPHIA, PA 19142
  • $325,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: PAPH2386860
UPDATED: 50 min ago
$325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,763
    SQFT
  • $184
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

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, youll benefit from immediate income on day one!Features:Unit 1 (2 Floors): 3 Bedrooms, 1.5 BathsUnit 2 (1 Floor): 3 Bedrooms, 1 BathRenovations 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/yearMortgage 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 Philadelphias most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses:Rental Income: $3,500 per monthMortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per monthNet Income: $3,500 - $2,000 = $1,500 per monthAnnual Cash Flow:Monthly Net Income: $1,500Annual Net Income: $1,500 x 12 = $18,000Initial Investment:Down Payment: $65,000 (on a sales price of $325,000)ROI Calculation:ROI=(Annual Net Income/Initial Investment)100 Lets 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 vacantBook your showing!

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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 The Lisa Mathena Group. 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: 2024-12-04T19:51:55.537.
www.lisasellsdelaware.com/homes/153739464
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7032 Paschall Avenue PHILADELPHIA, PA 19142

  • Price: $325,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 50 min ago
  • ID#: PAPH2386860
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,763
SQFT
$184
$/SQFT
1915
Built
Neighborhood:
Paschall
County:
Philadelphia
Area:
19142 (19142)
School District:
The School District Of Philadelphia
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, youll benefit from immediate income on day one!Features:Unit 1 (2 Floors): 3 Bedrooms, 1.5 BathsUnit 2 (1 Floor): 3 Bedrooms, 1 BathRenovations 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/yearMortgage 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 Philadelphias most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses:Rental Income: $3,500 per monthMortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per monthNet Income: $3,500 - $2,000 = $1,500 per monthAnnual Cash Flow:Monthly Net Income: $1,500Annual Net Income: $1,500 x 12 = $18,000Initial Investment:Down Payment: $65,000 (on a sales price of $325,000)ROI Calculation:ROI=(Annual Net Income/Initial Investment)100 Lets 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 vacantBook your showing!
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1763 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Other Fireplace YN No Heating Other Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Other Foundation Details Brick/Mortar Heating Fuel Other Hot Water Other Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 803294035926 Ownership Interest Other Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 4035.00 Tax Lot 27 Vacation Rental YN No Water Source Public Zoning RSA3

Listing courtesy of Keller Williams Main Line: .


©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 The Lisa Mathena Group. 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: 2024-12-04T19:51:55.537.
 
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