465-69 Cinnaminson Street, Philadelphia, PA 19128-4531 $625,000

# of Units: 2
Interior Sq. Ft: 2,585
Acreage: 0.2
Age:105 years
Taxes: $8,048
MLS#: PAPH2441816
Design/Type:
Twin/Semi-Detached

Description

This property in Roxborough is an attractive investment opportunity, particularly for builders or investors looking to capitalize on under-market rental rates and additional land for development. Here are some key points based on the description provided: Location: Roxborough (specific address not provided) Type: Duplex Units: 1st Floor: 2 bedrooms 1 bathroom Monthly rent: $800 (below market value) 2nd Floor: 3 bedrooms 2 bathrooms Monthly rent: $1800 Renovated Additional Feature: Extra lots, suggesting potential for expansion or additional development. Investment Considerations: Rental Income: Currently, the property generates $2,600 per month in rent. If the first-floor unit's rent were adjusted to market rates, this could potentially increase. Renovation and Upgrades: The second floor has already been renovated, which might attract higher-quality tenants or justify higher rent. The condition of the first floor could be a focus for future improvements. Development Potential: With extra lots, there's room for further investment like building additional units or expanding the existing structure, subject to zoning laws and permits. Next Steps: Viewing: It's recommended to make an appointment to inspect the property in person to assess the condition, potential renovation needs, and to better understand the neighborhood.

Taxes: $8,048
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: Philadelphia City

Features

Utilities
Hot Water Heating, Natural Gas, None, Electric, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
Driveway, On Street, Parking Lot

Exterior
Slab Foundation, Masonry

Lot
Level Lot, Rear Yard, SideYard(s)

Contact Information

Listing Courtesy of: Philadelphia Area Realty , (267) 688-4531, phillyarearealty@gmail.com

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Listing data as of 3/15/2025.