Located in the desirable Olney section of Northeast Philadelphia, this income-producing multifamily property is a fantastic addition to any investor's portfolio. The property currently generates strong rental income of approximately $900, $800, and $1,000 per month, offering immediate cash flow.This well-maintained building features:First Unit: 2 bedroomsSecond Unit: 3 bedroomsAdditional Studio UnitsEach unit is equipped with separate heat and electric meters, allowing tenants to pay their own utilities and helping maximize your net return.Conveniently situated near shopping, public transportation, schools, and major roadways, this property offers both strong rental demand and long-term appreciation potential.
| MLS # | PAPH2677696 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 11 |
| Listing Provided By | Canaan Realty Services INC | Joey S. Fang |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,112 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RSA5 |
| Acreage | 0.04 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 2904 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY (EAST) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in OLNEY (EAST)) | |
Price: $244,000 low | high Med: $212,000 sqft: 2,112 low | high Med: 1,818 $ / sqft: $116 low | high Med: $117 On site: 11 low | high Med: 54.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY (EAST) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in OLNEY (EAST)) | |
Price: $244,000 low | high Med: $212,000 sqft: 2,112 low | high Med: 1,818 $ / sqft: $116 low | high Med: $117 On site: 11 low | high Med: 54.5 | |