$439,900
$439,900
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3 Beds
3 Baths
1,820 SqFt
SOLD DATE : 07/31/2023
Key Details
Sold Price $439,900
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $241
Subdivision Manayunk
MLS Listing ID PAPH2228764
Sold Date 07/31/23
Style Traditional
Bedrooms 3
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,820
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,869
Tax Year 2022
Lot Size 1,720 Sqft
Acres 0.04
Lot Dimensions 17.00 x 101.00
Property Description
Welcome to 260 Roxborough Avenue in Philadelphia, PA! This stunning end row home presents an incredible investment opportunity for discerning buyers. Boasting 3 bedrooms and 3 full bathrooms, this spacious property spans 1,820 square feet, providing ample space for comfortable living.
One of the standout features of this property is the convenience it offers with three dedicated parking spots, ensuring that you and your tenants never have to worry about finding parking in this sought-after neighborhood. The shared driveway with the neighbor adds an extra layer of accessibility and ease.
The current lease agreement in place from May 15, 2023, to May 14, 2025, guarantees a steady rental income of $3,000 per month. This provides an excellent opportunity for investors looking to generate passive income from day one.
Considering the sale price of $439,900, and assuming a 20% expense ratio, the capitalization rate (cap rate) for this property is 6.55%. This cap rate showcases the potential return on investment and the financial viability of this property as an investment option.
Beyond its financial appeal, 260 Roxborough Avenue offers a comfortable and inviting living space. The interior features spacious rooms with ample natural light, creating a warm and welcoming atmosphere. The three full bathrooms ensure convenience for all occupants, and the bedrooms provide ample space for relaxation and privacy.
Located in Philadelphia, this property benefits from its prime location in a vibrant and desirable neighborhood. Enjoy the convenience of nearby amenities, including restaurants, shops, parks, and excellent schools, all within easy reach.
Don't miss out on this exceptional investment opportunity at 260 Roxborough Avenue. With its impressive cap rate, reliable lease agreement, and desirable features, this property is a smart choice for investors seeking long-term financial growth. Contact us today to secure this lucrative investment property and start reaping the rewards of Philadelphia real estate.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSA5
Rooms
Basement Improved
Main Level Bedrooms 3
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Equipment Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Dryer, Dishwasher
Appliance Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Dryer, Dishwasher
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Other, Driveway
Garage N
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 211101800
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with William J Sarr • Weichert Realtors