7032 Paschall Avenue
Description
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, you’ll benefit from immediate income on day one! Features:
Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths
Unit 2 (1 Floor): 3 Bedrooms, 1 Bath
Renovations with Modern Amenities:...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, you’ll benefit from immediate income on day one! Features:
Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths
Unit 2 (1 Floor): 3 Bedrooms, 1 Bath
Renovations 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/year
Mortgage 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 Philadelphia’s most promising neighborhoods. The numbers speak for themselves! Monthly Income and Expenses:
Rental Income: $3,500 per month
Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month
Net Income: $3,500 - $2,000 = $1,500 per month
Annual Cash Flow:
Monthly Net Income: $1,500
Annual Net Income: $1,500 x 12 = $18,000
Initial Investment:
Down Payment: $65,000 (on a sales price of $325,000)
ROI Calculation:
ROI=(Annual Net Income/Initial Investment)×100
Let’s 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. 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 vacant
Book your showing!
- Listed by Michael John Fiteni • Keller Williams Main LineP: (484)-340-0598 mickfiteni@kw.com
Property Details for 7032 Paschall Avenue
Property Details for 7032 Paschall Avenue
| Status | Active |
|---|---|
| MLS # | PAPH2386860 |
| Days on Market | 128 |
| Taxes | $4,035 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Other |
| Year Built | 1915 |
| Lot Size | - |
| County | Philadelphia County |
Building Information for 7032 Paschall Avenue
Property Information for 7032 Paschall Avenue
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19142 (19142)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $288,300
- Year Assessed: 2024
- Improvement Assessed Value: $230,640
- City Town Tax: $1,775
- Land Assessed Value: $57,660
- Clean Green Assessed: No
- Land Use Code: G50
- Zoning: RSA3
- Tax Lot: 27
- School Tax: $2,259
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Building Units Total: 2
- Total Finished SQFT: 1,763.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,763.00
- Total SQFT: 1,763.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Basement Type: Other
- Foundation Details: Brick/Mortar
- Lot Size Dimensions: 31.00 x 110.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1163658
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
Property History for 7032 Paschall Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| 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 7032 Paschall Avenue
Schools near 7032 Paschall Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Patterson John M School PublicPK to 4 | ||
Tilden William T Middle School Public5 to 8 | ||
Bartram John - Main Public9 to 12 | ||
Motivation 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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Listing Courtesy of Keller Williams Main Line
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.