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Presenting an excellent investment opportunity for real estate investors interested in a hassle-free, passive income property. This legal duplex comes fully occupied with reliable, Section 8 tenants, making it a truly turnkey investment. The one and two bedroom units are currently rented at $1200 and $1057, with tenants who are quiet, low maintenance, and have a good standing with Section 8. The property was fully renovated in 2019, including all-new systems (plumbing, electrical, HVAC) to ensure minimal maintenance issues. Both tenants are excellent Section 8 renters, providing a dependable income. They are interested in renewing their leases, offering long-term stability for an investor. They are also flexible and can vacate with a 3-month notice, if required for transfer processes. Section 8 approves rent escalations every two years. Both units are due for an increase in January 2025, enhancing the investment return potential. The seller is committed to a smooth transition and offers a list of reliable maintenance contacts including plumbers, HVAC tech, landscapers, etc. ensuring you have everything needed to manage the property effectively. Tenants pay through Buildium, allowing for seamless and automated rent collection without the need for physical collection. Proof of current Section 8 payments and tenant payment history for due diligence. With recent renovations and reliable tenants, the property requires little day-to-day management effort, ideal for investors looking for passive income. With the hard work already done, step into a role of a passive investor and watch your investment grow!
| DAYS ON MARKET | 11 | LAST UPDATED | 4/24/2024 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | 19143 (19143) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19143 (19143) |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Eat-in Kitchen |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 82.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Straight Thru |
| TAXES | 603 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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