BEDS0
BATHS
SQUARE FEET1,408
MLS#PAPH2613072
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHUNTING PARK
SCHOOLPHILADELPHIA CITY
Property Description
Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partially Finished
Basement: Yes
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Home Style: Traditional
Lot Size: 0.03 Acres
Taxes: $2,911
Year Built: 1935
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 2
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 2
Units: 1
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Main Line
Agency Phone: 6105200100
Shown By
Agency Title: Real Estate Excel, The Baringer Group, Ltd.
Agency Phone: 215-536-9550
Estimate Your Payment
Estimated Payment
$ 808.96 per month $500.75 Principal & Interest $242.58 Property Tax $65.63 Homeowner's Insurance
816 W Erie Avenue | MLS# PAPH2613072
This multi-family property located at 816 W Erie Avenue , Philadelphia, PA 19140 is currently listed for sale with an asking price of $225,000. W Erie Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.reexcelpros.com today.