1705 W Erie Avenue Philadelphia, PA $ 340,000
1705 W Erie Avenue
$ 340,000
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1705 W Erie Avenue

Philadelphia, PA, 19140
$ 340,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 2,375

1705 W Erie Avenue, Philadelphia, PA 19140 - Image 1
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Multi-Family Home for sale in Philadelphia, PA

for $340,000 with 6 bedrooms. This home was built in 1929 on a lot size of 0.04.

Investor's Dream: 5-Unit Property in Philadelphia - 1705 W Erie Ave, 19140 Discover an exciting investment opportunity in the bustling real estate market of Philadelphia. Presenting 1705 W Erie Ave, a strategically located 5-unit property with tremendous potential. Priced at just $340,000, this property is a golden ticket for investors looking for steady income and future growth. Key Features: 1. Diverse Rental Units: This property boasts a diverse rental portfolio, including two two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit. Such diversity ensures a wide tenant base, increasing rental stability. 2. Current Occupancy: 2 out of the 5 units are currently rented. 3. Prime Location: Situated in the dynamic 19140 area, tenants enjoy easy access to essential amenities, public transportation, and the city's thriving cultural scene. 4. Income Potential: With both current and potential rental income, this property offers a solid return on investment and the ability to increase cash flow over time. 5. Affordable Entry: Priced attractively at $340,000, this property is a cost-effective way to enter or expand your real estate investment portfolio. Seize this opportunity to add a fantastic income-generating property to your investment portfolio. Schedule a viewing today to explore 1705 W Erie Ave's potential further. Contact us for more information and to discuss how this property aligns with your investment goals.

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Multi-Family Active

Price

$ 340,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 1,863

Style

Side-by-Side

Lot Size

0.04

Year Built

1929

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2350680

Features
Interior
Heating Fuel Electric
Flooring Laminate Plank Laminated Carpet Wood
Hot Water Electric
Heating Y/N Y
Fireplace Y/N N
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric Baseboard - Hot Water
Cooling Window Unit(s)
Utilities Natural Gas Available Sewer Available Water Available Electric Available
Possession Negotiable 0-30 Days CD Immediate
Roof Asbestos Shingle Flat
Zoning RM1
Pool Y/N No Pool
Architectural Style Side-by-Side
Construction Materials Masonry
Year Built 1929
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Total Rooms 5
Status ACTIVE
Directions Right on the corner lot
City PHILADELPHIA
Buyer Agent Compensation 3
Disclosures Lead Based Paint - State
Total Units 4
MLS Area 19140 (19140)
Lot Size Square Feet 1566.00
Waterfront Y/N N
Number of Units Leased 2
Street Name ERIE
Tax Annual Amount 1863.0
Two Bedroom 2
Structure Type End of Row/Townhouse
Price Per Sq Ft 123.23
Acceptable Financing Cash Conventional Seller Financing
Historic Y/N N
Vacation Rental Y/N N
Virtual Tour https://youtu.be/iVa7zjKc1_8
Days on Market 1
Standard Status Active
Year Built Source Estimated
Tax Lot 96
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Block Concrete Perimeter Stone
Spa N
Water View Y/N N
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 39930.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1705
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* Excluded Features
List By
Del Val Realty & Property Management

Broker

sincerekamara@gmail.com

Email

Affordability Calculator

$2,530
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,375
Monthly Property Taxes
$155
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$340,000 Listed Price

Map


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1705 W Erie Avenue, Philadelphia, PA, 19140 is a Multi-Family Home for sale at $340,000 with a lot size of 0.04. 1705 W Erie Avenue has 6 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 19140 which is in Philadelphia, PA