$85,000
$85,000
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5000 N FRANKLIN ST Philadelphia, PA 19120
1,642 SqFt
Key Details
Sold Price $85,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,642 sqft
Price per Sqft $51
Subdivision Logan
MLS Listing ID 1003227855
Sold Date 06/16/17
Style Other
HOA Y/N N
Abv Grd Liv Area 1,642
Originating Board TREND
Year Built 1950
Annual Tax Amount $1,510
Tax Year 2017
Lot Size 1,030 Sqft
Acres 0.02
Lot Dimensions 16X64
Property Description
Calling all First Time Investors and Serious Investors. THIS IS CASH FLOW! This multi-unit duplex is a GOLD MINE consisting of a One (1) - bedroom apartment and a Five(5) Bedroom Apartment(Rooms) that generates a total of $2600/month income. Close to Broad Street Line - Logan Station, Septa Bus (J) and Septa Bus (4). Also, close to shopping, schools, and the Roosevelt Blvd. This location invites endless opportunities to become a Landlord, Owner Occupied, or Turnkey Investor. So, Let's talk NUMBERS! Current Rental income totals $2600 per month. An owner-occupied FHA Loan (3.5% down at an interest rate of 4.5%) will have an average monthly payment of $650, which includes Principal Interest Taxes Insurance. If you live in one of the units, you can make nearly $1350. So you can get paid to live here or use strictly as an investment property and make nearly $2000 a month depending on loan. BUT WAIT! THERE'S MORE! If you qualify for first time Home-buying programs, get up to $8000 in assistance toward your down payment. (Imagine putting less than $3000 down to purchase and then making over 1k per month living free.) If you are an investor, your CAP rate is 30%+. Schedule a showing today.
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Electric
Cooling None
Fireplace N
Heat Source Electric
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
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 491242600
Ownership Fee Simple
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Bought with Justin V Reeves • Weichert Realtors-Whitemarsh*