1016 W Duncannon Ave, Philadelphia, PA 19141

Description

Immediate Cash Flow Potential! Investment Opportunity: Multifamily Tri-Plex! All units are vacant.
This property offers a compelling opportunity for rental income, with projections exceeding $3,000 per month and an estimated cap rate of over 10%. The property is being sold as-is at a competitive price. You can choose to live in one unit while renting out the others, or enhance your portfolio by renting all three! This property is priced to sell quickly.
Property Details: The tri-plex comprises three distinct units:
First Floor Unit: Features spacious living quarters, a full kitchen, two bedrooms, and one bathroom.
Second Floor Unit: Boasts updated flooring and bathroom, along with a generous floor plan including a full kitchen, two bedrooms, and a complete bathroom.
Third Floor Unit: Offers one bedroom, one full bathroom, and an eat-in kitchen.
Key Features:
Located in a highly desirable neighborhood, this property presents perfect affordability.
The property includes a large front patio and a basement with convenient access doors for easy maintenance of the heating, electrical, fire alarm controls and plumbing systems.
Equipped with a comprehensive fire alarm system, the building also comes with a “lead safe” approved and passed certificate. Some photos have been virtually staged.