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    2431 S 7TH Street

    PHILADELPHIA, PA 19148
    • $240,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: PAPH983102
    UPDATED: 76 min ago
    $240,000
    • 0
      BEDS
    • 0.02
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,240
      SQFT
    • $194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Fantastic investment opportunity in the Lower Moyamensing neighborhood of South Philadelphia! This Duplex is currently owner occupied but presents amazing opportunities. The first floor is a 1 bed, 1 bath apartment with a private back yard. This unit features laminate flooring as you enter the living room which is currently being used as another room. As you proceed through the unit the door to the right is a full bathroom with a full size tub. Back in the hallway you will find a storage closet to the left before entering your kitchen. The kitchen offers modern floor tile, a gas range and a full size fridge. In the back is a bedroom with access to the private back yard. Upstairs on the second floor you enter into a spacious room with the L-Shape kitchen, dining and living area. This kitchen also features a gas range and full size fridge. To the front of the home there is a bedroom with a reach in closet. Towards the middle of the floor plan you will find your full bathroom with a full size tub. In the back of the unit, there is a 2nd bedroom. The full unfinished basement is accessible through the street bilco door and all utilities are separated. Live in one unit and rent the other or rent the entire building out for a great return on your investment! Unit 1 projected rental income is $1,100/month and Unit 2 is $1,250/month. That's $28,200 in gross annual income. Deduct your taxes, insurance and water and you're left with roughly $24,000 in net income - a 10% CAP Rate! Schedule your showing today for a great investment opportunity! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.

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    ©2021 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 Ramus Realty 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: 2021-03-06T20:51:14.197.
    www.ramusrealty.com/homes/113707194
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    2431 S 7TH Street PHILADELPHIA, PA 19148

    • Price: $240,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: PAPH983102
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.02
    Acres
    1,240
    SQFT
    $194
    $/SQFT
    1920
    Built
    Neighborhood:
    Lower Moyamensing
    County:
    Philadelphia
    Area:
    19148 (19148)
    School District:
    The School District Of Philadelphia
    Property Description
    Fantastic investment opportunity in the Lower Moyamensing neighborhood of South Philadelphia! This Duplex is currently owner occupied but presents amazing opportunities. The first floor is a 1 bed, 1 bath apartment with a private back yard. This unit features laminate flooring as you enter the living room which is currently being used as another room. As you proceed through the unit the door to the right is a full bathroom with a full size tub. Back in the hallway you will find a storage closet to the left before entering your kitchen. The kitchen offers modern floor tile, a gas range and a full size fridge. In the back is a bedroom with access to the private back yard. Upstairs on the second floor you enter into a spacious room with the L-Shape kitchen, dining and living area. This kitchen also features a gas range and full size fridge. To the front of the home there is a bedroom with a reach in closet. Towards the middle of the floor plan you will find your full bathroom with a full size tub. In the back of the unit, there is a 2nd bedroom. The full unfinished basement is accessible through the street bilco door and all utilities are separated. Live in one unit and rent the other or rent the entire building out for a great return on your investment! Unit 1 projected rental income is $1,100/month and Unit 2 is $1,250/month. That's $28,200 in gross annual income. Deduct your taxes, insurance and water and you're left with roughly $24,000 in net income - a 10% CAP Rate! Schedule your showing today for a great investment opportunity! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
    Exterior Features

    Architectural Style Straight Thru Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1240 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall UnitWindow Unit(S) Exclusions All Personal Furniture And Property Fireplaces Total 0 Heating Radiant Heating YN Yes Inclusions All Appliances Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 304460764732 Ownership Interest Fee Simple Possession Settlement Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1677.00 Tax Assessment Amount 119800.00 Tax Lot 330 Vacation Rental YN No Water Source Public Zoning Cmx1

    Listing courtesy of Keller Williams Philly.


    ©2021 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 Ramus Realty 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: 2021-03-06T20:51:14.197.
     
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