7032 PASCHALL AVENUE, PHILADELPHIA, PA 19142

$325,000

Live-In Investment Opportunity with Incredible Earning Potential Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you'll… Read More benefit from immediate income on day one! Property Features: Unit 1 (Two Floors): 3 Bedrooms, 1.5 Baths Unit 2 (One Floor): 3 Bedrooms, 1 Bath Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens. Investment Highlights: Projected Rent Income: $3,500/month or $42,000/year Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500! Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest. Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years - or sooner with the right mortgage plan. Why This Location? New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area. Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families. Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access. Key Benefits for Buyers: Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time. Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow. High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential. Perfect for New Investors! This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia's most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses: Rental Income: $3,500 per month Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month Net Income: $3,500 - $2,000 = $1,500 per month Annual Cash Flow: Monthly Net Income: $1,500 Annual Net Income: $1,500 x 12 = $18,000 Initial Investment: Down Payment: $65,000 (on a sales price of $325,000) ROI Calculation: ROI=(Annual Net Income/Initial Investment)X100 Now let's plug in the numbers: ROI=(18,000 / 65,000)X100 The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property. -8%-12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses. -15%-20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets. Book your showing! Read Less

Courtesy of Mick Fiteni, Keller Williams Main Line [email protected]

Listing Snapshot

Days Online

Last Updated

Nov 9, 2024

Property Type

Townhouse

Square Ft.

1,763

Year Built

1915

MLS Number

PAPH2386860

Additional Details

Building

1,763 sqft living area, Built in 1915, Structure Type: End of Row/Townhouse, 2 units in building, Masonry

Foundation

Brick/Mortar

Lot

Lot Size Dimensions: 31.00 x 110.00

Property

Other Structures: Above Grade, Below Grade, 2 two-bedroom units

Sewer

Public Sewer

Taxes

City/Town Tax: $1,775, City/Town Tax Pymnt Freq: Annually, School Tax: $2,259, Tax Annual Amount: $4,035, Tax Year: 2024

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