$315,000
$315,000
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1,320 SqFt
SOLD DATE : 09/02/2024
Key Details
Sold Price $315,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $238
MLS Listing ID PAPH2356418
Sold Date 09/02/24
Style Traditional,Straight Thru
Abv Grd Liv Area 1,320
Originating Board BRIGHT
Year Built 1957
Annual Tax Amount $3,750
Tax Year 2024
Lot Size 2,694 Sqft
Acres 0.06
Property Description
Property Overview:
Address: 1914 Griffith St, Philadelphia, PA 19111
Type: Duplex
Units: 2 (Each unit is 1 bedroom, 1 bath)
Additional Features:
1 car garage and basement Spacious Living Room
Modern Kitchen with Updated Appliances
Hardwood Floors
Access to Basement Storage
Status: Fully Rented
Investment Opportunity:
This fully rented duplex presents a fantastic investment opportunity in a prime Philadelphia location. Each unit offers a comfortable 1 bedroom, 1 bath layout, complete with a basement and a 1-car garage for added convenience. Managed by the reputable Innovate Realty & Property Management team, the property has been meticulously maintained and is in excellent condition, boasting a new roof installed in 2016.
This can be part of a multi property transaction, including 1912 Griffith. Sale and acceptable offers subject to a 1031 Exchange. Tenant occupied, so we need to confirm before finalizing walk through scheduling.
Turnkey Investment: This duplex is fully rented, offering immediate rental income and a hassle-free investment.
Prime Location: Located in the desirable neighborhood of Philadelphia, PA, with easy access to public transportation, shopping centers, restaurants, and schools.
Well-Maintained: Ownership of this duplex has always prioritized property maintenance, sparing no expense to keep it in prime condition. Significant investments have been made to ensure the property's longevity and appeal, including the installation of a new roof in 2016. Regular maintenance and upgrades are conducted with an open checkbook policy, ensuring that all aspects of the property, from the exterior to the interior, are kept in excellent shape. This commitment to maintenance reduces unexpected expenses and enhances the property's value and attractiveness to potential tenants.
Stable Tenancy: Both units are occupied by reliable tenants, providing consistent and steady cash flow.
Professional Management: Innovate Realty & Property Management, formerly McSherry Property Management, has been a trusted name in property management since 1970. With decades of experience, they provide top-tier management services that ensure tenant satisfaction and property upkeep. Their professional approach includes thorough tenant screening, timely rent collection, regular property inspections, and prompt maintenance services. As a result, this property is not only fully rented but also enjoys a stable rental income and high tenant retention rates.
Why Invest in 1914 Griffith St?
High Demand Area: Strong rental demand ensures low vacancy rates and high rental income potential.
Solid ROI: With both units rented, this property offers a solid return on investment.
Future Appreciation: The Philadelphia real estate market continues to grow, promising future appreciation and value increase.
Additional Purchase Options:
This property can also be purchased as part of a larger investment portfolio, including the neighboring properties at:
1912 Griffith St, Philadelphia, PA 19111
7916 Loretto Ave, Philadelphia, PA 19111
Don't miss out on this opportunity to own a well-maintained, income-generating property in Philadelphia. Contact Innovate Realty & Property Management for more details and to schedule a viewing.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Basement Garage
Garage Spaces 3.0
Water Access N
Accessibility None
Attached Garage 1
Total Parking Spaces 3
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional, Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 561531400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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