7032 Paschall Avenue Philadelphia, PA 19142
Listing Courtesy of: BRIGHT IDX / Keller Williams Main Line

  7032 Paschall Avenue Philadelphia, PA 19142

Active (2 Days)
$325,000
6
BED
3
BATH
1,763
SQFT

Description

Live-In Investment Opportunity with Incredible Earning PotentialUnlock 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 Beds, 1.5 BathsUnit 2 (1 Floor): 3 Beds, 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 years—or 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.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.Monthly Income and Expenses:Rental Income: $3,500/monthMortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000/monthNet Income: $3,500 - $2,000 = $1,500/ 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)×100Now let’s plug in the numbers:ROI=(18,000 / 65,000)×100The 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.The property can also be delivered vacant.Book your showing! Also listed as a Multifamily, MLS ID:PAPH2386860

MLS #:
PAPH2421690
Taxes
$4,035(2024)
Lot Size
3,410 SQFT
Type
Townhouse
Year Built
1915
Style
Other
School District
Philadelphia City
County
Philadelphia County

Listed By

Michael John Fiteni, Keller Williams Main Line
Source
BRIGHT IDX
Last checked Nov 21 2024 at 7:03 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Subdivision
  • Paschall
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Brick/Mortar
Heating and Cooling
  • Other
Basement Information
  • Other
Flooring
  • Fully Carpeted
Exterior Features
  • Masonry
  • Roof: Flat
Utility Information
  • Sewer: Public Sewer
  • Fuel: Other
Stories
  • 2
Living Area
  • 1,763 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/20/24 23:03