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This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability. Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates. Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.
Property Type(s):
Multi Family
| Last Updated | 11/18/2024 | Year Built | 1920 |
|---|---|---|---|
| Community | 19143 (19143) | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19143 (19143) |
| HEAT | Baseboard, Electric |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 80.00 |
| SEWER | Public Sewer |
| STYLE | Straight Thru |
| TAXES | 3159 |
| WATER | Public |
Location
Listing provided by ISS Realty, LLC
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Data last updated: 1/10/25 7:26 AM PST
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