Philadelphia, PA 19143,5900 PINE ST
Philadelphia, PA 19143,5900 PINE ST
Philadelphia, PA 19143,5900 PINE ST
Philadelphia, PA 19143,5900 PINE ST
Philadelphia, PA 19143,5900 PINE ST
Philadelphia, PA 19143,5900 PINE ST
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$ 350,000
Est. payment | /mo

1,600 SqFt


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$ 350,000
Est. payment | /mo
Save

1,600 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $218

MLS Listing ID PAPH2421184

Style Straight Thru

Abv Grd Liv Area 1,600

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,159

Tax Year 2024

Lot Size 1,280 Sqft

Acres 0.03

Lot Dimensions 16.00 x 80.00

Property Description

This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability.

Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates.

Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Septic, Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 032042100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by tal iss • ISS Realty, LLC
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5900 PINE ST