Overview
- Detached, Multi-Family
- 0.02
- 1915
Description
HUGE SAVINGS OPPORTUNITY!!! Buyer could get 1% lower rate 5.625% from local lender and NO PMI if less than 20%!! Ask me for more details!
The owner has recently acquired the rear lot, poised to construct an additional eight units in 2025, promising added value and potential for expansion. The first floor boasts convenient backyard access with a privacy fence, creating a serene outdoor space for relaxation.
This property features two distinct units:
Unit 1: 2 beds, 1 bath
Unit 2: 3 bed, 1 bath
A lucrative opportunity awaits investors, with Section 8 currently paying up to $1764 for two-bedroom units and $2136 for three-bedroom units, totaling a substantial annual income of up to $46,000. Moreover, the property is conveniently located just steps away from the 23 bus route, enhancing accessibility and convenience to Chestnut Hill or Center City!!!
Don’t miss your chance to capitalize on this promising investment in the heart of Germantown’s rich history and growth.
Address
Open on Google Maps- Address 5031 PORTICO STREET
- City Philadelphia
- State/county PA
- Zip/Postal Code 19144
Details
Updated on August 6, 2024 at 8:27 pm- Property ID: PAPH2319724
- Price: $330,000
- Land Area: 0.02 Acres
- Garage Size: x x
- Year Built: 1915
- Property Type: Detached, Multi-Family
- Property Status: Closed
Mortgage Calculator
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