Listing Courtesy of: Xianghong Lin - Target Realty 215-218-0939

257 E Elkhart Street Philadelphia, PA 19134 Municipality: Philadelphia

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Single Family Residence
3 Beds
1 Baths
924 Sq. Ft.
0.01 Acre Lot

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Last updated on 11/11/2024 11:14 PM
Portfolio Sale!! This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This packag...e includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year, "257 E Elkhart St": $10,200/year. Both tenants have a reliable payment history, offering immediate cash flow with room for rent adjustments to align with market rates. Situated in the Kensington-Port Richmond area, these properties benefit from their proximity to grocery stores, public transportation, and major highways such as I-95 and Aramingo Ave. The surrounding neighborhood is gaining momentum, driven by development and growth spilling over from popular areas like Fishtown and Northern Liberties. This creates strong demand for rentals, ensuring a stable tenant pool and future appreciation potential. The homes are located within walking distance of restaurants, markets, and local shops, adding to the areaâs appeal. Both properties are currently rented below market value, offering an excellent value-add opportunity for investors. Options include raising rents, repositioning the properties, or enrolling in Section 8 housing programs. This package provides long-term cash flow with minimal upfront effort and offers a pathway to higher returns through strategic updates. Whether youâre looking to hold and rent or add value through improvements, this portfolio is a solid investment in a promising Philadelphia neighborhood. Continue reading
MLS#
PAPH2376254
Property Type
Single Family
Bedrooms
3
Bathrooms
1 Full
Year Built
1920
Square Feet
924 sq. ft
Price per Sq. Ft.
$97.39
Lot Size
0.01
Sewer
Public Sewer, Public Septic System

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Listing Courtesy of: Xianghong Lin - Target Realty 215-218-0939
Andrea Conner, Maryland License 667140, Xome Inc., License 667140, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, D.C. License BR200200783, Xome Inc., License CO98372739, [email protected], 844-400- 9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, PA License # RM425337, Xome Inc., PA License #RB067821, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, NJ License # 1758875, Xome Inc. NJ License # 2326449, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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This content last refreshed on 11/11/2024 11:14 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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