Multifamily Investment Opportunity
Price
$255,000
🏠 Off-Market Listing: 1719 Belfield Ave, Philadelphia, PA 19141
Property Photos: View Photos on Dropbox
💰 Asking Price: $250,000
📋 Property Overview:
Class: Residential 🏡
Type: Multi-Family (3 Units) 🏢
Living Area: 1,392 sqft 📐
Lot Size: 1,720 sqft 🌳
Units: 3 Total 🔢
Unit 1: 2 Bed, 1 Bath – Rent: $1,150 (Month-to-month) 🛏️🛁
Unit 2: 2 Bed, 1 Bath – Rent: $1,150 (Month-to-month, cash payments) 💵
Unit 3: 1 Bed, 1 Bath – Vacant 🛋️
💸 Expenses:
Sanitation: $500/year 🗑️
Water Consumption: $70/month 💧
Taxes: $1,436/year ($119/month) 💲
Utilities: Tenants pay for electricity and gas ⚡🔥
🔍 Condition:
Roof: Patched 10 years ago – likely needs replacement 🏗️
Occupied Units: Updated 10 years ago – require cosmetic updates and new appliances 🎨🔧
Vacant Unit: Needs new drywall, paint, and appliances 🛠️
Utilities & Systems:
Single water meter 💧, each unit has its own water heater 🔥
HVAC, plumbing, and electrical systems in good working condition ✅
📊 Comparable Sales:
4846 N 15th St: Fully remodeled duplex, sold for $320k (8/16/24) 🏘️
4817 N 15th St: Fully remodeled duplex, sold for $312k (8/23/24) 🏘️
4933 N Camac: Tenant-occupied triplex (fair condition), sold for $275k (6/25/24) 🏢
5136 N 12th St: Tenant-occupied triplex (fair condition), sold for $250k (10/7/24) 🏢
📸 Photos:📷 View Photos on Dropbox
💼 Investor Opportunity:
This 3-unit multi-family property offers a strong rental income stream 💵 with potential for increased returns through cosmetic updates and minor repairs. Ideal for investors looking to enhance their portfolio 📈 in the bustling Philadelphia market.
📨 Contact Information:Submit all offers and inquiries directly to:📧 investments@promiselandrealtyllc.com
TEAM PROMISELAND Disclaimer:⚠️ No one is allowed to market or promote this property list without express written permission or membership in TEAM PROMISELAND affiliates.
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Work: 248- 416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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