Welcome to your next investment opportunity! This immaculate property offers the perfect blend of comfort, convenience, and profitability. Located in a desirable neighborhood, this triplex presents a lucrative chance for investors seeking high returns with minimal hassle. Unit Configuration: Two units featuring 2 bedrooms and 1 bathroom each One unit boasting 3 bedrooms and 1 bathroom Second-floor unit includes washer and dryer for added convenience All units equipped with central air for year-round comfort Electric range and microwave provided in each unit for hassle-free cooking Spacious rooms with ample closet space ensuring tenant satisfaction Property Features: Recent renovations in 2022 guarantee modern amenities and peace of mind Updated electrical and plumbing systems with all permits secured Legally designated as a duplex with the potential to function as a triplex Basement unit offers independent access, enhancing tenant privacy Electric water heater in basement unit for efficient energy usage Financial Highlights: Taxes totaling less than $3,000 per year, minimizing overhead costs Impressive cap rate exceeding 11%, ensuring robust returns on investment Rental income exceeding $43,000 annually, providing a steady cash flow Tenants responsible for utilities such as water and electricity, reducing landlord expenses Landlord only responsible for yearly real estate taxes and casualty/fire insurance Investment Benefits: FHA approval makes financing accessible with only a 5% down payment requirement Perfect opportunity for investors seeking a substantial return on investment Low maintenance property with tenants covering most expenses Prime location ensures consistent tenant demand and high occupancy rates Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or a first-time buyer, this property promises to deliver exceptional returns and long-term value. Schedule a viewing today and secure your financial future with this lucrative investment.
Property Details
Property Features
Property Information:
Architectural Style: Straight Thru
Year Built: 1940
Living Area: 1,536 SqFt
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Israel Villafana
Interior Features
Interior Information:
Appliances: Dryer, Microwave, Oven, Electric Range
Interior: Floor Plan - Open
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Mastery Charter School at Gratz, Public Charter Grades 9-12
Edward T. Steel, Public District Grades KG-8
Other
Directions Information:
Directions: East on Wingohoking and left on Carlisle
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $349,999
Price Per SqFt: $228/SqFt
Tax Information:
Annual Amount: $777
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $91.1K more than the Median Sold Price and $32/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2345220
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Israel Villafana
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
3
/10
Edward T. Steel
4301 Wayne Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-8
High School
3
/10
Mastery Charter School at Gratz
1798 W Hunting Park Ave
Distance between this listing and this school0.57 miles
Public Charter Grades 9-12
Assigned Schools
3
/10
Edward T. Steel
4301 Wayne Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-8
Nearby Schools
3
/10
Jay Cooke Elementary School
1300 W Louden St
Distance between this listing and this school0.36 miles
Public District Grades KG-8
3
/10
James Logan Elementary School
1700 Lindley Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
Nearby Schools
4
/10
Fitler Academics Plus
140 W Seymour St
Distance between this listing and this school0.94 miles
Public District Grades 1-8
4
/10
Antonia Pantoja Community Charter School
4101 N American St
Distance between this listing and this school1.16 miles
Public Charter Grades KG-8
1
/10
Young Scholars Kenderton Charter School
1500 W Ontario St
Distance between this listing and this school1.17 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Mastery Charter School at Gratz
1798 W Hunting Park Ave
Distance between this listing and this school0.57 miles
Public Charter Grades 9-12
Nearby Schools
6
/10
Multi-Cultural Academy Charter School
3821 N Broad St
Distance between this listing and this school0.71 miles
Public Charter Grades 9-12
3
/10
Aspira Bilingual Cyber Charter School
4322 N 5th St
Distance between this listing and this school0.83 miles
The neighbors living near this home have an average income of $31,033. Most Philadelphia, PA residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 4500 N Carlisle St in Philadelphia, PA and zip code 19140 in the Olney / Oak Lane neighborhood. This 1,536 square foot home, which was built in 1940, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $349,999.
In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $258,806.
From Rocket Homes Real Estate and based on county public records data.