MLS® ID: PADE437934


PROSPECT PARK, Pennsylvania, 19076

$295,000 Active Under Contract
  • 4 Beds
  • 4 Baths
  • 2546 SQFT
Attention seasoned investors and first-time owner occupants! Shade trees and a large front porch welcome you to this meticulously maintained 4-unit dwelling, with garage and off-street parking for four. This quiet and desirable neighborhood is walking distance to parks, convenience stores, a library and the train to Center City. Tenants and guests can enter through a shared lobby, or through back-door entrances from the off-street parking area. First floor Unit 1 is a bright and sunny space with living room, dining room, full kitchen, 2 bedrooms, bath, central air conditioning, plentiful windows, and wall-to-wall carpeting. It would be ideal for an owner occupant. Currently vacant, it was last rented for $925 month. The second floor landing provides access to Units 2, 3 and 4, each are one bedroom/studio units with long term tenants who consistently pay on time. Income from the 3 occupied units and the garage is $2050 a month. The four units and garage have updated electrical service and are metered individually. Heating for units 2, 3 and 4 is electric baseboard heat. Owner pays for tenant water and common area electric. Tenants have access to the basement which offers storage and coin-operated laundry, which generates another $300-400 income annually. Gross annual income for the property is $35,700 (including laundry), or $24,600 annually without Unit 1 and laundry income. An owner occupant borrower can count 75% of this amount as income when applying for a home loan. The monthly income will be paying most if not all of your mortgage. When fully occupied, this property is an excellent investment. As a landlord myself, I can tell you that multi-family dwellings with sound mechanical systems, separate utilities, on site laundry and off street parking in a great location are hard to come by. So make your appointment today before this opportunity is gone.
Read More

Listing courtesy of CB Preferred-Media


  • Full baths
  • Half baths
  • Full Baths Range
    4+ Baths
  • Total Baths
  • Zip
  • Office name
    CB Preferred-Media
  • SQFT
  • Bedrooms
  • Property type
    Single Family
  • Zoning type
  • Year built
  • Lot size
  • Sewer
    Public Sewer
  • Heating
    Baseboard - Electric,Forced Air
  • Agent name
    Anne D Hanson
  • Purchase Type
  • Price Range
  • Square Feet Range
    2500-3000 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
  • Agent ID


Have questions?

We can help.

Let's chat!

First Name
Last Name
Best time to call


We'll get in touch with you soon.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info