1716 Bridge Street
$175,000
—
1,408
1,408
$124
Description
Back on the market! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently,...Back on the market! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J. O. B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell.
- Listed by Leslie A Margolies • Long & Foster Real Estate, Inc.P: 2159043006 lesliethelawyer@gmail.com
Property Details for 1716 Bridge Street
Tax ID Number
622097500
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleAirLite
WaterfrontNo
GarageNo
SubdivisionFRANKFORD
SubdivisionFRANKFORD (PHILADELPHIA PA)
LISTING UPDATED: 09/18/2024 12:33 AM
Property Details for 1716 Bridge Street
Status | Active |
---|---|
MLS # | PAPH2383150 |
Days on Market | 20 |
Taxes | $2,802 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.01 AC / 309 SF |
County | Philadelphia County |
Building Information for 1716 Bridge Street
Stories-Residences2Year Built1920Building Size-Lot Size0.01 AC / 309 SF
Property Information for 1716 Bridge Street
Property History for 1716 Bridge Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1716 Bridge Street
Taxable ValueLand$40,040Additions$160,160Total$200,200
Tax Record2023$2,802 ($234 / month)
Home Facts
Total Finished SqFt1,408 SqFtAbove Grade Finished SqFt1,408 SqFtStories2Lot Size1,238 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningRM1CountyPHILADELPHIAAPN62-2-0975-00
Schools near 1716 Bridge Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 5 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Conwell Russell Middle School Public5 to 8 | ||
Harding Warren G Middle School Public6 to 8 | ||
Frankford High School Public9 to 12 | ||
Meehan Austin Middle School Public7 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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