$280,000
$285,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
1,214 SqFt
SOLD DATE : 08/24/2023
Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,214 sqft
Price per Sqft $230
Subdivision Feltonville
MLS Listing ID PAPH2254888
Sold Date 08/24/23
Style Straight Thru
Abv Grd Liv Area 1,214
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $1,928
Tax Year 2022
Lot Size 2,836 Sqft
Acres 0.07
Lot Dimensions 53.00 x 107.00
Property Description
Welcome to 522 E Louden Street in the vibrant Feltonville Neighborhood of Philadelphia, PA. This remarkable triplex is not just any ordinary property; it's a golden opportunity waiting to be seized by an astute investor like yourself.
This property boasts three exceptional units, each with a thoughtfully designed flat-type layout. Let's delve into the details and uncover the immense potential within this gem.
Ascending to the top floor, you'll find a spacious and inviting 2-bedroom unit awaiting its next tenant. Currently vacant, this unit presents an ideal opportunity for you to secure a monthly rental income of $950. Imagine the returns you'll enjoy, effortlessly bolstering your investment portfolio.
Continuing our tour, the first floor unveils yet another 2-bedroom unit, currently occupied by a reliable tenant on a month-to-month lease. Generating a steady stream of $825 per month, this unit adds stability and immediate cash flow to your investment.
But the allure doesn't stop there. Descending to the basement, you'll discover a charming studio unit, already occupied by a tenant on a month-to-month lease. Generating a respectable $800 per month, this unit further solidifies the potential profitability of this remarkable property.
Location, as they say, is everything. And this property certainly holds true to that adage. Situated in close proximity to the bustling shops and delectable restaurants that grace Wyoming Avenue, convenience becomes your greatest ally.
Moreover, easy access to Interstate-95, Roosevelt Boulevard, and Mass Transportation will seamlessly transport you to the vibrant business and cultural hubs of the center city of Philadelphia. Imagine the ease of navigating the city, effortlessly connecting with all that it has to offer.
This truly is a remarkable investment opportunity that presents both immediate returns and long-term growth potential. The numbers speak for themselves, and they are poised to align with your financial aspirations.
Don't miss out on this chance to secure your future and make your mark in the world of real estate. Act now, and let 522 E Louden Street pave the way to your financial success. Schedule your viewing today and experience the magic of this exceptional property firsthand.
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RSA5
Rooms
Basement Fully Finished
Interior
Interior Features Studio
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 421083300
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Lisa Y Risco • Keller Williams Main Line
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "