1 of 49
3 bdTriplex
Tools
Size
3
Bedrooms
1,136 Sq Ft.
interior
Financial
$599,900
Change Currency
$528
Price Per Sqft
$7,476
Annual taxes
Listing Details
Triplex
Property type
2009
Year Built
8478311
Web Id
2843317-PAPH2346280
MLS ID
16
Days Posted
Description
1402 N Willington St, Philadelphia, PA 19121
Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental IncomeListing Price: $599,000Property Overview:Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income.Unit Breakdown:Unit 1 (Ground Floor): 2 bedrooms, 1 bathroom, open-plan living and dining area, modern kitchen, private patio space.Unit 2 (Second Floor): 3 bedrooms, 2 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony.Unit 3 (Third Floor): 1 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures.Key Features:Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor.Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures.Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities.Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability.Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs.Financial Highlights:Monthly Rental Income: $4,500Annual Rental Income: $54,000Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance)Net Operating Income: Approximately $39,000Cap Rate: 6.5%Cash-on-Cash Return: 8.2%Additional Information:This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor.Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
Amenities
- Other
Price HistoryView all +
| date | Price | variance | type |
|---|---|---|---|
| 4/30/2024 | $599,900 | - | Listed |
| 2/8/2024 | $485,000 | - | off market |
| 2/5/2024 | $485,000 | 2.81 % | decreased |
| 1/14/2024 | $499,000 | - | Listed |
| 12/14/2023 | $515,000 | - | off market |
| 12/9/2023 | $515,000 | - | Listed |
| 10/31/2023 | $516,900 | - | off market |
| 10/14/2023 | $516,900 | 0.77 % | decreased |
| 10/6/2023 | $520,900 | 0.95 % | decreased |
| 9/28/2023 | $525,900 | - | - |
| 9/28/2023 | $525,900 | 0.57 % | decreased |
| 9/12/2023 | $528,900 | 0.38 % | decreased |
| 9/6/2023 | $530,900 | - | - |
| 9/6/2023 | $530,900 | 1.30 % | decreased |
| 8/28/2023 | $537,900 | - | - |
| 8/28/2023 | $537,900 | 0.55 % | decreased |
| 8/21/2023 | $540,900 | 1.28 % | decreased |
| 8/15/2023 | $547,900 | - | Listed |
| 8/13/2023 | $549,900 | - | off market |
| 8/9/2023 | $549,900 | - | Listed |
Listing By: OCF Realty LLC - Philadelphia via Data Source: Bright MLS
listing agent: Nicholas Ochs
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