7032 Paschall Ave , Philadelphia, PA 19142
Philadelphia, PA 19142
Description
Live-In Investment Opportunity with Incredible Earning Potential Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you’ll benefit from immediate income on day one! Features:Unit 1 (2 Floors): 3 Bedrooms, 1.5 BathsUnit 2 (1 Floor): 3 Bedrooms, 1 BathRenovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens. Investment Highlights:Projected Rent Income: $3,500/month or $42,000/yearMortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500!Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest.Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two yearsor sooner with the right mortgage plan. New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area.Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families.Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access. Key Benefits for Buyers:Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time.Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow.High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential.Perfect for New Investors!This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia’s most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses:Rental Income: $3,500 per monthMortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per monthNet Income: $3,500 - $2,000 = $1,500 per monthAnnual Cash Flow:Monthly Net Income: $1,500Annual Net Income: $1,500 x 12 = $18,000Initial Investment:Down Payment: $65,000 (on a sales price of $325,000)ROI Calculation:ROI=(Annual Net Income/Initial Investment)×100 Let’s plug in the numbers:ROI=(18,000 / 65,000)×100 The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property. -8%-12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses.-15%-20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets. Property can be delivered vacant Book your showing!
Details
| Mls | PAPH2386860 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 119 |
| Listing Provided By | Keller Williams Main Line | Michael John Fiteni |
Features
| Beds | 6 |
|---|---|
| Baths | 3 Total |
| Sq Feet | 1,763 |
| Basement | Y |
| Storys | 2 |
| Zoning | RSA3 |
Market Activity 19142
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19142 |
| Area | 19142 |
| Community Name | Paschall |
| School District | The School District Of Philadelp |
| Listing VS Median (in Paschall) | |
Price: $325,000 low | high Med: $132,500 SqFt: 1,763 low | high Med: 1,106 $ / SqFt: $184 low | high Med: $120 On Site: 119 low | high Med: 20.000000 | |