Philadelphia, PA 19124,1673 PRATT ST
Philadelphia, PA 19124,1673 PRATT ST
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$120,000

$125,000

4.0%
Est.Price: ?

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Est. payment /mo

4 Beds

1 Bath

1,072 SqFt


SOLD DATE : 10/26/2023

Key Details

Sold Price $120,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,072 sqft

Price per Sqft $111

Subdivision Frankford

MLS Listing ID PAPH2280572

Sold Date 10/26/23

Style Other

Bedrooms 4

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,072

Originating Board BRIGHT

Year Built 1945

Annual Tax Amount $1,188

Tax Year 2022

Lot Size 870 Sqft

Acres 0.02

Lot Dimensions 14.00 x 62.00

Property Description

This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually.

1. **210 W Albanus St, 19120**
- Monthly Rent: $1,150
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $720

2. **1673 Pratt St, 19124**
- Monthly Rent: $1,299
- Bedrooms: 4
- Bathrooms: 1
- PHA Payment: $513

3. **5686 Magnolia St, 19144**
- Monthly Rent: $1,350
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $1,121

4. **5947 Wister St, 19138**
- Monthly Rent: $1,332
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $702

5. **4689 N 16th St**
- Monthly Rent: $1,194
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $1,094

- **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one.

- **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA).

- **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy.

- **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio.

- **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation.

Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RSA5

Rooms

Basement Other

Main Level Bedrooms 4

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Story 2

Foundation Other

Sewer Public Septic

Water Public

Architectural Style Other

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 622063700

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Moshe Adika • TCS Management, LLC
Bought with Jennifer Nicole Locke • Keller Williams Real Estate
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