SoldAug 13, 2020

Listed and Bought with Mendel Lipsker from Springer Realty Group

Source: Bright MLS #PAPH903282

1000 N 43rd St, Philadelphia, PA, 19104

$235,000

1
1922 sq. ft.
1180 sq. ft.

Duplex

Sold: Aug 13, 2020

What's around 1000 N 43rd St

About this property

13% cap rate triplex investment property - the work here has been done for you!If you are looking for a stable investment opportunity, with major upside potential - this is it!Fully Renovated - TURN KEY - Stable Cash flowing 3 unit rental property. Just blocks away from the Philadelphia zoo, and University City - rapidly appreciating area - look it up! This property has been fully renovated, and was professionally managed - will be delivered vacant with fresh renovated units ready to go! Owner is moving out of town, and looking to liquidate.There is a Storefront. 3 bedroom unit, and large studio with small outdoor space (was renting for $1,000, $950, and $600 respectively before renovation). This investment property was grossing over $30,000 per year for landlord (and this was before the renovation - should bring in more now). Low Expenses as well ( total fixed expenses = approx. $3500 for taxes and insurance - tenants pay utilities!)Net operating income approximately $27,000 / 210,000 purchase price = 13% cap rate!!!Seller is willing to finance a portion of the sale.Feel free to contact with any questions, or to set up a viewing!

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