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1673 PRATT ST Philadelphia, PA 19124
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Key Details
Sold Price $120,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,072 sqft
Price per Sqft $111
Subdivision Frankford
MLS Listing ID PAPH2280572
Sold Date 10/26/23
Style Other
Bedrooms 4
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,072
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $1,188
Tax Year 2022
Lot Size 870 Sqft
Acres 0.02
Lot Dimensions 14.00 x 62.00
Property Description
This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually.
1. **210 W Albanus St, 19120**
- Monthly Rent: $1,150
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $720
2. **1673 Pratt St, 19124**
- Monthly Rent: $1,299
- Bedrooms: 4
- Bathrooms: 1
- PHA Payment: $513
3. **5686 Magnolia St, 19144**
- Monthly Rent: $1,350
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $1,121
4. **5947 Wister St, 19138**
- Monthly Rent: $1,332
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $702
5. **4689 N 16th St**
- Monthly Rent: $1,194
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $1,094
- **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one.
- **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA).
- **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy.
- **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio.
- **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation.
Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA5
Rooms
Basement Other
Main Level Bedrooms 4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Story 2
Foundation Other
Sewer Public Septic
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 622063700
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Jennifer Nicole Locke • Keller Williams Real Estate
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