42 E Haines Street
Philadelphia, PA, 19144 $ 415,000
Bedrooms3 Baths0.0 Monthly Estimate*
$ 2,758
for $415,000 with 3 bedrooms. This home was built in 1900 on a lot size of 0.08.
Calling all first time homebuyers and investors! Come explore this perfect combination of family living and prime investment in historic Germantown! A fully renovated duplex- the first unit having 3 bedrooms, 2 full bathrooms and a huge private yard and the second unit having 4 bedrooms with 2 full bathrooms- awaits you right off of Germantown Ave! Nestled in a rare and expansive lot of approximately 3500 sq ft, this property offers ample space for its new owners as well as a great investment opportunity. And best of all, it offers ALL BRAND NEW mechanics- roof, HVAC systems, water heaters, electrical wiring and separate electric panels, plumbing, windows, appliances- all new updates to give you peace of mind and a lifetime of worry-free ownership! In addition to the new mechanics, as you step inside the property, you will discover a world of modern comfort and convenience. New vinyl flooring with a lifetime warranty from the manufacture offers both style and durability, while the addition of laundry facilities in each unit adds practicality to everyday life. The renovated kitchens boast sleek stainless steel appliances, while updated bathrooms feature modern hardware and fixtures, creating spaces that are as functional as they are stylish. A new roof, gutters, flashing, stucco, and windows not only enhance curb appeal but also promise durability and energy efficiency, making this home as resilient as it is beautiful. Both units are separately metered, offering convenience and easy management of utility costs. With certified appraisers projecting fair market rents at $1850 for Unit 1 and $1800 for Unit 2, this property can generate an estimated gross annual income of $43,800. Additionally, utilizing depreciation write-offs for 27.5 years provides a powerful tax strategy, ensuring unbeatable ROI regardless of market conditions. Beyond being a property, this duplex is a financial fortress and an ideal home for a buyer searching for passive income. Live in one unit and rent out the other to cover your mortgage and watch as your investment grows. This property sits across the street from a new apartment complex of 350 units in the works, signifying a neighborhood transformation of epic proportions! Enjoy easy access to Lincoln Drive, Chestnut Hill, and Center City within minutes, surrounded by a vibrant array of amenities including cafes, restaurants, bars, parks, and supermarkets that Germantown has to offer. Schedule your showing today!
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FeaturesInteriorHeating Fuel Electric
Basement Partially Finished
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Hot Water
Cooling Central A/C
Possession Immediate
Zoning RSA3
Architectural Style Straight Thru
Construction Materials Stone
Year Built 1900
Property SubType Duplex
Tax Year 2023
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 Below Grade
Total Rooms 7
Status ACTIVE
Directions Use GPS
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 2
MLS Area 19144 (19144)
Lot Size Square Feet 3335.00
Waterfront Y/N N
Street Name HAINES
Tax Annual Amount 1257.0
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total 214.8
Vacation Rental Y/N N
Days on Market 9
Standard Status Active
Year Built Source Assessor
Tax Lot 465
Buyer Agent Compensation Type % Of Gross
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Brick/Mortar
Water View Y/N N
Lot Dimensions 18.00 x 184.00
Lot Size Acres 0.08
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 17960.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,758
- Monthly Property Taxes
- $105
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% 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.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $551,358
Percent of Sale Price 33%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/23/2024 | $415,000 | -2.35% | Price Down |
5/17/2024 | $425,000 | | Listed Price |