$30,000
$38,000
21.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,136 SqFt
SOLD DATE : 10/23/2015
Key Details
Sold Price $30,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,136 sqft
Price per Sqft $26
Subdivision Kensington
MLS Listing ID 1002710156
Sold Date 10/23/15
Style Other
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,136
Originating Board TREND
Year Built 1916
Annual Tax Amount $685
Tax Year 2015
Lot Size 1,181 Sqft
Acres 0.03
Lot Dimensions 15X79
Property Description
FIRST-TIME INVESTOR ALERT: This single family stabilized & value-added investment opportunity is being offered at an impressive 16.6% cap rate upon purchase. 2851 Jasper St. has been occupied by the same section 8 tenant for the last 8 years. Rents have not increased during this time, providing the new owners with an opportunity to increase rents significantly. Current income is $750 a month, $650 of which is subsidized by the section 8 program. Tenant is responsible for water usage + other utilities and is current on all payments. Physically, this unique investment opportunity was rehabbed in 2006, is in good condition, and has been properly maintained by its current owners. The current tenants wished for no interior pictures to be taken. Contact listing agents to see the this awesome opportunity for yourself today! Owners are licensed Pennsylvania real estate salespersons.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RSA5
Direction West
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1
Basement Full, Unfinished
Interior
Interior Features Kitchen - Eat-In
Hot Water Natural Gas
Heating Gas
Cooling Wall Unit
Flooring Wood
Fireplace N
Window Features Replacement
Heat Source Natural Gas
Laundry None
Exterior
Fence Other
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 252527300
Ownership Fee Simple
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Bought with Thomas A Greer • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "