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Key Details
Sold Price $180,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,378 sqft
Price per Sqft $130
MLS Listing ID PAPH2262374
Sold Date 10/06/23
Style Other
Abv Grd Liv Area 1,378
Originating Board BRIGHT
Year Built 1961
Annual Tax Amount $1,013
Tax Year 2006
Lot Size 1,068 Sqft
Acres 0.02
Property Description
It sounds like you've come across a fantastic opportunity in the Oxford Circle neighborhood of Philadelphia! This duplex property seems to offer various possibilities for both first-time homebuyers and experienced investors. Let's break down some of the key features:
Location: Oxford Circle is known to be a great neighborhood with convenient access to transportation, shopping malls, and schools. This makes it an attractive area for potential tenants or residents.
Property Description: The duplex consists of two separate units. The first unit comprises 1 bedroom, 1 bathroom, a living room, a dining room, and an eat-in kitchen. The second unit features 2 bedrooms, 1 bathroom, and an eat-in kitchen.
Income Potential: This property presents an excellent cash flow opportunity. First-time homebuyers can live in one unit while renting out the other, providing them with additional income to help with mortgage payments or other expenses. Experienced investors can take advantage of the rental income potential from both units, enhancing their investment portfolio.
Additional Space: The standup unfinished basement with laundry facilities and a garage adds value to the property. Having a garage is always appreciated by tenants and can potentially increase the rental value of the property.
Long-Term Potential: With the increasing demand for rental properties, this duplex could be a sound long-term investment. As the neighborhood continues to develop, property values may appreciate, providing additional benefits to the owner.
If you're interested in this property, it's recommended to schedule a visit and see it for yourself. Don't forget to conduct a thorough inspection and research the rental market in the area to determine potential rental income. Also, consider consulting a real estate professional or financial advisor to assess the viability of the investment based on your specific goals and financial situation. Good luck with your potential purchase!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning R9A
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Other
Cooling None
Flooring Fully Carpeted
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 351201900
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash, Other
Listing Terms Conventional, Cash, Other
Financing Conventional,Cash,Other
Special Listing Condition Standard
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Bought with Julio C Lajara • Homestarr Realty