Attention Investors! A Lucrative Opportunity Awaits in the Elmwood Park Area at 📍2656 Shields St, Calling for Its Next Landlord! This multi-family property 🏡promises excellent cash flow potential with its 2 units. Upon entering, you'll immediately notice the well-maintained floors complemented bythe good condition of the walls. Each unit boasts a kitchen adorned with lovely Formica countertops. Unit 1 comprises 1 bedrooms 🛏️ and 1 bathroom🛀 on the first floor, and Unit 2 also features 2 bedrooms🛏️ and 1 bathroom🛀. With its strategic layout, this property holds tremendous potential, especially with the current upward trend in rental rates, enabling the new owner to generate substantial monthly passive income💰. Moreover, its location offers easy access to public transportation, shopping, and dining options, making it a great investment opportunity. Don't let this chance slip away! As a seasoned real estate professional, I stand ready to guide you through the exciting journey of exploring this investment further.
Property Details
Property Features
Property Information:
Architectural Style: Straight Thru
Year Built: 1925
Living Area: 960 SqFt
Listing Office:
Office Name: Rehobot Real Estate, LLC
Office Phone: (215) 716-7173
Listing Agent: Sergio Giraldo
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
School Info
Assigned Schools Information:
John Bartram High School, Public District Grades 9-12
William T. Tilden Middle School, Public District Grades 5-8
John M. Patterson Elementary School, Public District Grades KG-4
Other
Directions Information:
Directions: On Shields St between Dicks Ave & Buist Ave.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $167,700
Price Per SqFt: $175/SqFt
Tax Information:
Annual Amount: $1,132
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $89.9K less than the Median Sold Price and $20/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2336086
Listing Office:
Office Name: Rehobot Real Estate, LLC
Office Phone: (215) 716-7173
Listing Agent: Sergio Giraldo
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
John M. Patterson Elementary School
7000 Buist Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-4
Middle School
3
/10
William T. Tilden Middle School
6601 Elmwood Ave
Distance between this listing and this school0.27 miles
Public District Grades 5-8
High School
3
/10
John Bartram High School
2401 S 67th St
Distance between this listing and this school0.32 miles
Public District Grades 9-12
Assigned Schools
2
/10
John M. Patterson Elementary School
7000 Buist Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-4
Nearby Schools
4
/10
Thomas G. Morton
2501 S 63rd St
Distance between this listing and this school0.40 miles
Public District Grades KG-5
5
/10
Joseph W. Catharine School
6600 Chester Ave
Distance between this listing and this school0.83 miles
Public District Grades EE-5
Assigned Schools
3
/10
William T. Tilden Middle School
6601 Elmwood Ave
Distance between this listing and this school0.27 miles
Public District Grades 5-8
Nearby Schools
4
/10
Southwest Leadership Academy Charter School
7101 Paschall Ave
Distance between this listing and this school0.68 miles
Public Charter Grades KG-8
4
/10
Richard Allen Preparatory Charter School
2601 S 58th St
Distance between this listing and this school0.90 miles
Public Charter Grades 5-9
Assigned Schools
3
/10
John Bartram High School
2401 S 67th St
Distance between this listing and this school0.32 miles
Public District Grades 9-12
Nearby Schools
5
/10
Hardy Williams Academy Charter School
1712 S 56th St
Distance between this listing and this school1.30 miles
Public Charter Grades KG-12
3
/10
Motivation High School
5900 Baltimore Ave
Distance between this listing and this school1.90 miles
The neighbors living near this home have an average income of $17,222. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are single, with kids. Residents of this area typically have high school diploma education.
This home is located at 2656 S Shields St in Philadelphia, PA and zip code 19142 in the Southwest Philadelphia neighborhood. This 960 square foot home, which was built in 1925, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $167,700.
In March 2024 more than 228 listings in Philadelphia, PA were sold above the asking price. During the same period more than 214 listings were sold at asking price, while more than 481 were sold below. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. The median list price of listings available in March 2024 was $257,610, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.