MLS® ID: PADE437934

730 14TH AVENUE

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.
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Listing courtesy of CB Preferred-Media

Amenities

  • Full baths
    4
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    4
  • Zip
    19076
  • Office name
    CB Preferred-Media
  • SQFT
    2546
  • Bedrooms
    4
  • Property type
    Single Family
  • Zoning type
    RESID
  • Year built
    1920
  • Lot size
    0.19
  • Sewer
    Public Sewer
  • Heating
    Baseboard - Electric,Forced Air
  • Agent name
    Anne D Hanson
  • Purchase Type
    Active
  • Price Range
    $200k-$300k
  • Square Feet Range
    2500-3000 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CBPREMED
  • Agent ID
    3175161

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