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4842 E Roosevelt Boulevard
Philadelphia, PA 19124

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Property Details


List Price: $345,000
Beds: --
Baths: --
Status: Active
SqFt: 2052
Agency: Hometown Real Estate Group

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1925
Notes: Discover a prime investment opportunity in the heart of Philadelphia's flourishing real estate market with this income-generating quadruplex. The property not only provides immediate cash flow but also presents avenues to enhance its overall value. Currently, three units are occupied, each contributing to the robust rent roll with monthly figures of $975, $875, and $815, respectively. The property also features a vacant, renovated studio projected at $1,000 a month and a garage with a projected $150 monthly income. Beyond the existing income, the basement, complete with plumbing and bathroom facilities, offers expandability potential, either as a fifth unit or additional space for the lower-level unit. The lower level itself comprises an inviting office space, a living room a spacious kitchen, two bedrooms, and a full bath. A community staircase and hallway from the front-facing door lead to the second and third floors, housing two one-bedroom units and a fully renovated studio projecting $1,000 a month in rent. Conveniently situated near major routes through Philadelphia and within walking distance of abundant shopping options, this property is not only an income generator but also strategically located for tenant convenience. Whether you choose to live in the studio or rent out all units for maximum income, this property offers a blend of immediate returns and long-term potential in an appreciating market. Secure your foothold in the thriving Philadelphia market and make the most of this unique investment opportunity.
MlsNumber: PAPH2307182


Listing Provided By: Hometown Real Estate Group, original listing
Name: Hometown Real Estate Group
Phone: (856) 235-3900
Office Name: Hometown Real Estate Group
Office Phone: (856) 235-3900
Agent Name: Tory Schroff
Disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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