Philadelphia, PA 19120,5000 N FRANKLIN ST
Philadelphia, PA 19120,5000 N FRANKLIN ST
Philadelphia, PA 19120,5000 N FRANKLIN ST
$85,000
Est. payment /mo
$85,000
Est.Price: ?

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1,642 SqFt
SOLD DATE : 06/16/2017

Key Details

Sold Price $85,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,642 sqft

Price per Sqft $51

Subdivision Logan

MLS Listing ID 1003227855

Sold Date 06/16/17

Style Other

HOA Y/N N

Abv Grd Liv Area 1,642

Originating Board TREND

Year Built 1950

Annual Tax Amount $1,510

Tax Year 2017

Lot Size 1,030 Sqft

Acres 0.02

Lot Dimensions 16X64

Property Description

Calling all First Time Investors and Serious Investors. THIS IS CASH FLOW! This multi-unit duplex is a GOLD MINE consisting of a One (1) - bedroom apartment and a Five(5) Bedroom Apartment(Rooms) that generates a total of $2600/month income. Close to Broad Street Line - Logan Station, Septa Bus (J) and Septa Bus (4). Also, close to shopping, schools, and the Roosevelt Blvd. This location invites endless opportunities to become a Landlord, Owner Occupied, or Turnkey Investor. So, Let's talk NUMBERS! Current Rental income totals $2600 per month. An owner-occupied FHA Loan (3.5% down at an interest rate of 4.5%) will have an average monthly payment of $650, which includes Principal Interest Taxes Insurance. If you live in one of the units, you can make nearly $1350. So you can get paid to live here or use strictly as an investment property and make nearly $2000 a month depending on loan. BUT WAIT! THERE'S MORE! If you qualify for first time Home-buying programs, get up to $8000 in assistance toward your down payment. (Imagine putting less than $3000 down to purchase and then making over 1k per month living free.) If you are an investor, your CAP rate is 30%+. Schedule a showing today.

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning RSA5

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Electric

Heating Electric

Cooling None

Fireplace N

Heat Source Electric

Laundry None

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 491242600

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by S. Dave Hudson • Super Realty Group, LLC
Bought with Justin V Reeves • Weichert Realtors-Whitemarsh*

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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