Philadelphia, PA 19143,5846 TRINITY ST
Philadelphia, PA 19143,5846 TRINITY ST
Philadelphia, PA 19143,5846 TRINITY ST
Philadelphia, PA 19143,5846 TRINITY ST
Philadelphia, PA 19143,5846 TRINITY ST
Philadelphia, PA 19143,5846 TRINITY ST
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$262,500

$250,000

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,460 SqFt


SOLD DATE : 06/28/2024

Key Details

Sold Price $262,500

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,460 sqft

Price per Sqft $179

MLS Listing ID PAPH2346908

Sold Date 06/28/24

Style Straight Thru

Abv Grd Liv Area 1,460

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $603

Tax Year 2023

Lot Size 1,312 Sqft

Acres 0.03

Lot Dimensions 16.00 x 82.00

Property Description

Presenting an excellent investment opportunity for real estate investors interested in a hassle-free, passive income property. This legal duplex comes fully occupied with reliable, Section 8 tenants, making it a truly turnkey investment. The one and two bedroom units are currently rented at $1200 and $1057, with tenants who are quiet, low maintenance, and have a good standing with Section 8. The property was fully renovated in 2019, including all-new systems (plumbing, electrical, HVAC) to ensure minimal maintenance issues. Both tenants are excellent Section 8 renters, providing a dependable income. They are interested in renewing their leases, offering long-term stability for an investor. They are also flexible and can vacate with a 3-month notice, if required for transfer processes. Section 8 approves rent escalations every two years. Both units are due for an increase in January 2025, enhancing the investment return potential. The seller is committed to a smooth transition and offers a list of reliable maintenance contacts including  plumbers, HVAC tech, landscapers, etc. ensuring you have everything needed to manage the property effectively. Tenants pay through Buildium, allowing for seamless and automated rent collection without the need for physical collection. Proof of current Section 8 payments and tenant payment history for due diligence. With recent renovations and reliable tenants, the property requires little day-to-day management effort, ideal for investors looking for passive income. With the hard work already done, step into a role of a passive investor and watch your investment grow!

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RSA5

Interior

Interior Features Kitchen - Eat-In

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 401107300

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michelle A Phillips • Luxe Real Estate LLC
Bought with Jennifer Harrison • Realty One Group Focus
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