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1814 W ONTARIO STREET

PHILADELPHIA, PA 19140

MLS#: PAPH2650450

$275,000

Status: Active
Listing number: PAPH2650450
Listing provided by: Tesla Realty Group, LLC
Listing agent phone: None
Last update: 2 days ago
On site: 15 days ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1939

Sq.Footage

2,576

Legal Triplex | Income-Producing Investment | Temple University Area Excellent investment opportunity just blocks from Temple University! This legal triplex features three residential units plus a bonus storage unit, offering multiple income streams. Current/Recent Rents: 3rd Floor – 2 Bedroom: $1,165/month 2nd Floor – 1 Bedroom: $995/month (just vacated) 1st Floor – 1 Bedroom: $1,075/month (just vacated) Storage Unit: $300/month Recent Total Monthly Rent: $3,535 *Leases available upon request The property includes coin-operated laundry machines, an up-to-date fire alarm system, one year pest control plan, and has recently had the first and second floor apartments vacated, making them ready for a new owner to lease at current (higher) market rates. Please note that all three apartments were below market rent. But investors utilizing the Philadelphia Housing Authority (PHA) program may achieve substantially higher rents. Current PHA payment standards indicate potential rents of approximately: 2 Bedroom: $1,660/month Each 1 Bedroom: $1,390/month Potential residential rental income: Approximately $4,440/month, plus additional income from the storage unit and coin-operated laundry. The third-floor tenant is in good standing and currently on a month-to-month lease. *This is an AS-IS, Where-Is Sale. Buyer Pays All Transfer Taxes.* *Seller will consider Cash, HardMoney, and Conventional Loans. Inspections are for informational purposes only.*

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2576.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,307

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $275,000

  • Tax Amount

    $3,241

  • Financing Options

    Cash

  • Sq. Footage

    2,576

  • Price/SqFt

    $106

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Septic Tank

  • Tax Lot

    205

  • Water Source

    Public

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Listing Courtesy of Kinny Peterkin , Tesla Realty Group, LLC

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Agent Nick Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Nick Polinchock

Call Nick today to schedule a private showing.

(267) 614-1331

(215) 821-8836

nick@tntrealestatesolutions.com


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Legal Triplex | Income-Producing Investment | Temple University Area Excellent investment opportunity just blocks from Temple University! This legal triplex features three residential units plus a bonus storage unit, offering multiple income streams. Current/Recent Rents: 3rd Floor – 2 Bedroom: $1,165/month 2nd Floor – 1 Bedroom: $995/month (just vacated) 1st Floor – 1 Bedroom: $1,075/month (just vacated) Storage Unit: $300/month Recent Total Monthly Rent: $3,535 *Leases available upon request The property includes coin-operated laundry machines, an up-to-date fire alarm system, one year pest control plan, and has recently had the first and second floor apartments vacated, making them ready for a new owner to lease at current (higher) market rates. Please note that all three apartments were below market rent. But investors utilizing the Philadelphia Housing Authority (PHA) program may achieve substantially higher rents. Current PHA payment standards indicate potential rents of approximately: 2 Bedroom: $1,660/month Each 1 Bedroom: $1,390/month Potential residential rental income: Approximately $4,440/month, plus additional income from the storage unit and coin-operated laundry. The third-floor tenant is in good standing and currently on a month-to-month lease. *This is an AS-IS, Where-Is Sale. Buyer Pays All Transfer Taxes.* *Seller will consider Cash, HardMoney, and Conventional Loans. Inspections are for informational purposes only.*

1814 W ONTARIO STREET

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