7032 Paschall Ave, Philadelphia, PA 19142 | For Sale

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For Sale $325,000 ($184.34 per Sq Ft)

$325,000 ($184.34 per Sq Ft)
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 1,763 Sq Ft
  • Unknown Sq Ft

Description

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 benefit from immediate income on day one!

Features:
Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths
Unit 2 (1 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.

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)×100

Let’s plug in the numbers:
ROI=(18,000 / 65,000)×100

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.

Property can be delivered vacant

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $325,000
Property Type Duplex (2-units)
Usable Sqft 1,763
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1915
Last Sold Unknown
Sold Price Unknown
APN # 403324900
MLS # PAPH2386860
Property ID 295433096
Lot Sqft Unknown
Zoning RSA3
Total Units 2
Days on Market 140
Original List Price Unknown
Date Updated November 20, 2024
Date Created August 22, 2024

Listing Provided By

Michael John Fiteni an agent of . Lic #RS341113


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Data last updated: January 09, 2025.
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