3402 Tampa Street
$89,900
2
1
728
728
$123
Description
Portfolio Sale! This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This package includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year,...Portfolio Sale! This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This package includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year, "257 E Elkhart St": $10,200/year. Both tenants have a reliable payment history, offering immediate cash flow with room for rent adjustments to align with market rates. Situated in the Kensington-Port Richmond area, these properties benefit from their proximity to grocery stores, public transportation, and major highways such as I-95 and Aramingo Ave. The surrounding neighborhood is gaining momentum, driven by development and growth spilling over from popular areas like Fishtown and Northern Liberties. This creates strong demand for rentals, ensuring a stable tenant pool and future appreciation potential. The homes are located within walking distance of restaurants, markets, and local shops, adding to the area’s appeal. Both properties are currently rented below market value, offering an excellent value-add opportunity for investors. Options include raising rents, repositioning the properties, or enrolling in Section 8 housing programs. This package provides long-term cash flow with minimal upfront effort and offers a pathway to higher returns through strategic updates. Whether you’re looking to hold and rent or add value through improvements, this portfolio is a solid investment in a promising Philadelphia neighborhood.
- Listed by Xianghong LinP: (347)-798-6218 seanlinhomes@gmail.com
Property Details for 3402 Tampa Street
Tax ID Number
331262900
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeInterior Row/Townhouse
StyleTraditional
Levels/Stories2
WaterfrontNo
LISTING UPDATED: 11/04/2024 04:35 PM
Property Details for 3402 Tampa Street
Status | Active |
---|---|
MLS # | PAPH2375978 |
Days on Market | 118 |
Taxes | $692 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential / Fee Simple |
Year Built | 1920 |
Lot Size | 0.01 AC / 612 SF |
County | Philadelphia County |
Building Information for 3402 Tampa Street
Stories2Residences-Year Built1920Lot Size0.01 AC / 612 SF
Property Information for 3402 Tampa Street
Property History for 3402 Tampa 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 3402 Tampa Street
Taxable ValueLand$9,900Additions$39,600Total$49,500
Tax Record2023$693 ($58 / month)
Home Facts
Beds2Total Finished SqFt728 SqFtAbove Grade Finished SqFt728 SqFtStories2Lot Size612 SqFtStyleCondominiumYear Built1920ZoningRSA5CountyPHILADELPHIAAPN33-1-2629-00
Schools near 3402 Tampa Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Gloria Casarez Elementary School PublicK to 5 | ||
Memphis Street Academy Charter School Charter5 to 8 | ||
Kensington Culinary Arts Public9 to 12 | ||
Kensington Creative & Performing Arts High School Public9 to 12 |
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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