5900 Pine Street
$350,000
—
1,600
1,600
$219
Description
This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability. Beyond basic expenses, such as...This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability. Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates. Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.
- Listed by tal iss • ISS Realty, LLCP: (718)-909-8680 isstal22@gmail.com
Property Details for 5900 Pine Street
Tax ID Number
032042100
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleStraight Thru
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Total Parking Spaces0
LISTING UPDATED: 12/20/2024 01:02 PM
Property Details for 5900 Pine Street
Status | Active |
---|---|
MLS # | PAPH2421184 |
Days on Market | 34 |
Taxes | $3,159 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.03 AC / 1,280 SF |
County | Philadelphia County |
Building Information for 5900 Pine Street
Stories-Residences2Year Built1920Building Size-Lot Size0.03 AC / 1,280 SF
Property Information for 5900 Pine Street
Property History for 5900 Pine 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 5900 Pine Street
Taxable ValueLand$48,500Additions$194,000Total$242,500
Tax Record2024$3,395 ($283 / month)
Home Facts
Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtStories2Lot Size1,280 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRM1CountyPHILADELPHIAAPN03-2-0421-00
Schools near 5900 Pine Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bryant William C School PublicPK to 8 | ||
Sayre William L Middle School Public9 to 12 | ||
Motivation High School Public9 to 12 | ||
The Workshop 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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