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1705 W Erie Avenue,  Philadelphia PA, 19140

(Active)
$340,000
|
2,759 sqft
|
MLS# PAPH2288582
Last Updated: 4/28/2024 1:23 PM
Description for 1705 W Erie Avenue Philadelphia, PA 19140
Unlock the potential of your investment portfolio with 1705 W Erie Ave, an exceptional 5-unit property listed at $425,000. Strategically located in the heart of Philadelphia, this property offers the perfect canvas for investors seeking value and the opportunity to capitalize on sweat equity.Key Features:Versatile Unit Mix: Comprising two spacious two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit, this property appeals to a broad tenant demographic, ensuring a steady stream of potential renters.Vacant Units: All units are currently vacant, providing investors with a blank slate to implement upgrades, renovations, and value-added improvements, maximizing rental potential and overall property value.Sweat Equity Potential: The property is ripe for sweat equity, allowing investors to enhance the property's appeal and value through strategic renovations and upgrades. This presents an excellent opportunity to increase rental income and property appreciation.Strategic Location: Situated in the dynamic 19140 area, the property benefits from proximity to essential amenities, public transportation, and local attractions, making it an attractive option for prospective tenants.Affordable Entry Point: Priced at $425,000, this property offers an affordable entry point for investors looking to enter or expand their real estate portfolio in the thriving Philadelphia market.
Price
$340,000
PHILADELPHIA
2,759 (approx)
PAPH2288582
Active
Description
Unlock the potential of your investment portfolio with 1705 W Erie Ave, an exceptional 5-unit property listed at $425,000. Strategically located in the heart of Philadelphia, this property offers the perfect canvas for investors seeking value and the opportunity to capitalize on sweat equity.Key Features:Versatile Unit Mix: Comprising two spacious two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit, this property appeals to a broad tenant demographic, ensuring a steady stream of potential renters.Vacant Units: All units are currently vacant, providing investors with a blank slate to implement upgrades, renovations, and value-added improvements, maximizing rental potential and overall property value.Sweat Equity Potential: The property is ripe for sweat equity, allowing investors to enhance the property's appeal and value through strategic renovations and upgrades. This presents an excellent opportunity to increase rental income and property appreciation.Strategic Location: Situated in the dynamic 19140 area, the property benefits from proximity to essential amenities, public transportation, and local attractions, making it an attractive option for prospective tenants.Affordable Entry Point: Priced at $425,000, this property offers an affordable entry point for investors looking to enter or expand their real estate portfolio in the thriving Philadelphia market.
Listing Information
Property Type: Business Opportunities, Other
0.04 Acres 2,759 (approx) 1929
Public
Public Sewer
5 Total
Neighborhood
Room Information
Interior Features
Electric Water Heater
Laminate, Carpet, Wood
Window Unit(s)
Electric Heating, Baseboard
Exterior / Lot Features
On Street
Shingle, Shingle - Asbestos
Driving Directions
Right on the corner lot
Financial Considerations
881298920
$1,863
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19140 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19140 is $26,266. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19140 is 37 years.

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Courtesy: Del Val Realty & Property Management
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 4/28/2024 1:23 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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