1428 S 10TH Street
Property Description
FRESH PRICING!One-of-a-kind location in Passyunk Square. This triplex sits on 10th Street right off Passyunk Avenue, directly across from the Acme and CVS, so groceries and the pharmacy are just a walk across the street.The building offers three one-bedroom, one-bath units, each occupying a full floor. The floor plan is the same throughout: living room in the front, kitchen in the middle, and a large bathroom right off the bedroom in the back. The first-floor unit has a large backyard and uses the basement for storage and laundry.All three units are occupied by long-term tenants. Current rents total $3,425 per month, or $41,100 per year, with no vacancy, for a gross rent multiplier of approximately 10.3 at the new price. Comparable one-bedrooms in small buildings nearby are renting for $1,500 to $1,700 with mid-level updates and $1,900 or more fully renovated, leaving real room to grow the income as leases turn.The neighborhood does a lot of the work here. The East Passyunk Avenue dining and shopping corridor is a few blocks away, along with the Singing Fountain at 11th and Tasker Street. The 9th Street Italian Market is a short walk east. Columbus Square Park offers green space, a playground, and a recreation center, and the Broad Street Line and nearby bus routes put Center City minutes away. Each unit needs some updating, but the bones are solid. Keep it as a multifamily and renovate one floor at a time while the other two keep paying, or convert it into an amazing single-family home. At roughly $141,700 per unit in Passyunk Square, this property is ready for your vision. Come see it for yourself!
Broker Details
Elfant Wissahickon REALTORS (215) 247-3600
MLS ID: 3147307 State License Number: RS278677
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $425,000 |
| No. of Units: | 3 |
| Year Built: | 1915 |
| Lot Size: | 2,040.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2666284
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout