1,104 SqFt
1,104 SqFt
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,104 sqft
Price per Sqft $317
MLS Listing ID PAPH2646330
Style Other
Abv Grd Liv Area 1,104
Year Built 1935
Annual Tax Amount $1,851
Tax Year 2025
Lot Size 1,020 Sqft
Acres 0.02
Lot Dimensions 15.00 x 68.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section.
2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses.
2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment.
Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants.
The portfolio is being sold as-is, and the seller will make no repairs.
Whether you're an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don't miss this rare opportunity to own a versatile investment package on Margaret Street.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 1104
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 232163600
Ownership Fee Simple
SqFt Source 1104
Special Listing Condition Standard
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA