$350,000

5900 PINE STREET, Philadelphia, PA 19143

  • 1,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $219/sqft
  • Property List Date Icon Listed 8 months ago

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.

Listing Status:
Active
Date Added:
February 3, 2025 at 06:00AM
Listing Office:
ISS Realty, LLC : 2157950207
Listing Agent:
tal iss : 7189098680
MLS ID:
PAPH2421184
  • A/C: Window Unit(s)
  • Heating: YBaseboard - ElectricElectric
  • Disability Feature: None

This listing courtesy of tal iss, ISS Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

W. C. Bryant Promise Academy

6001 Cedar Ave, Philadelphia, PA, 19143

Grades KG-8

0.23 miles away

W

W. C. Bryant Promise Academy

6001 Cedar Ave, Philadelphia, PA, 19143

Grades KG-8

0.23 miles away

W

William L. Sayre High School

5800 Walnut St, Philadelphia, PA, 19139

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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