This listing was posted on ListedBuy.
$775,000
Home For Sale In Philadelphia, Pennsylvania
Price:
$775,000
BR/BA:
5 BR, 3 BA
Location:
Philadelphia, PA
Description:
Introducing an incredible investment opportunity: a newly renovated (2022) Triplex with a short-term saleal business included. This turnkey property is perfect for savvy investors seeking excellent cash flow. No experience is necessary - the owner has a long-term and established management team in place (cleaners, contractors, property manager) and spends about 1 hour a month in the business. The owner is relocating, opening the door for you to take advantage of this amazing deal. With a conservative pro forma NOI of $75, 150 and an 8.0 Cap rate, the property's value is estimated at $939, 000. However, you can secure it at just $750, 000, enjoying a substantial discount of nearly 200K. Imagine the potential in today's competitive real estate market! Purchasing this property with cash guarantees a 10% return. But here's where it gets even better: by taking out a loan, you can achieve a remarkable 15% return on equity. Enhance the ROE to an impressive 20% by assuming the existing FHA primary loan of $340, 000 at an incredibly low 2.25% interest rate and securing a second loan for the remaining 80% of the purchase price. Inquire for the proforma. This property has recently undergone significant upgrades to its main systems, ensuring low capital expenditures in the foreseeable future. With a new roof, central plumbing line, fortified foundation, a fire alarm system with an active certificate, and HVAC mini splits in each unit, you can rest assured that the property is in excellent condition. Additionally, each unit has been meticulously remodeled in 2022, featuring luxury finishes such as beautifully tiled bathrooms with semi-frameless showers. The kitchens are stunning, boasting white quartz countertops, new cabinets with brass accents, and stylish tile backsplashes complemented by stainless steel appliances. The units are also equipped with recessed lighting and durable luxury vinyl plank flooring throughout. Plus, it has a 10 YEAR TAX ABATEMENT. Still available at ListedBuy!
Property Type:
Single-Family Houses
Amenities:
Alarm
For sale by:
By Owner
Posted:
January 21 on ListedBuy
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More About this Listing: Home For Sale In Philadelphia, Pennsylvania
Home For Sale In Philadelphia, Pennsylvania is a Five Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA. Find other listings like Home For Sale In Philadelphia, Pennsylvania by searching Oodle Classifieds for Five Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA.
Home For Sale In Philadelphia, Pennsylvania is a Five Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA. Find other listings like Home For Sale In Philadelphia, Pennsylvania by searching Oodle Classifieds for Five Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA.