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7032 PASCHALL AVENUE
PHILADELPHIA PA 19142 US

$325,000

Active Listing ID PAPH2421690
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6 bed
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3.00 Bath (3 Full)
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Lot: 0.08 Acres
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Townhouse

$325,000

Active Listing ID PAPH2421690
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7032 PASCHALL AVENUE Live-In Investment Opportunity with Incredible Earning Potential Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you’ll benefit from immediate income on day one! Features: Unit 1 (2 Floors): 3 Beds, 1.5 Baths Unit 2 (1 Floor): 3 Beds, 1 Bath Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens. Investment Highlights: Projected Rent Income: $3, 500/month or $42, 000/year Mortgage Savings for Live-In Investor: With an estimated mortgage of $2, 000 per month, a live-in investor could offset around $1, 700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1, 500! Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest. Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years—or sooner with the right mortgage plan. New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area. Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families. Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access. Benefits for Buyers: Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time. Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow. High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential. Perfect for New Investors! This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia’s most promising neighborhoods. Monthly Income and Expenses: Rental Income: $3, 500/month Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2, 000/month Net Income: $3, 500 - $2, 000 = $1, 500/ month Annual Cash Flow: Monthly Net Income: $1, 500 Annual Net Income: $1, 500 x 12 = $18, 000 Initial Investment: Down Payment: $65, 000 (on a sales price of $325, 000) ROI Calculation: ROI=(Annual Net Income/Initial Investment)×100 Now let’s plug in the numbers: ROI=(18, 000 / 65, 000)×100 The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property. -8%–12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses. -15%–20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets. The property can also be delivered vacant. Book your showing! Also listed as a Multifamily, MLS ID:PAPH2386860

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Residential
  • Property Sub-type: Townhouse
  • Features
  • Full Bathrooms: 3

Property

  • propertytype: Residential
  • propertysubtype: Townhouse
  • listprice: 325000
  • unparsedaddress: 7032 PASCHALL AVENUE
  • postalcity: PHILADELPHIA
  • stateorprovince: PA
  • country: US
  • postalcode: 19142
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.08
  • lotsizeunits: Acres
  • lotsizearea: 0.08
  • livingarea: 1763
  • livingareaunits: Square Feet
  • latitude: 39.918681
  • longitude: -75.240982
  • listagentfullname: Michael Fiteni
  • listagentemail: mickfiteni@kw.com
  • listagentkey: 3yd-TRENDPA-3240341
  • listagentmlsid: 3240341
  • listagentpreferredphone: 6105200100
  • listagentofficephone: 6105200100
  • listofficekey: 3yd-TRENDPA-KELWLMML
  • listofficemlsid: KELWLMML
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1915
  • listingcontractdate: 2024-11-19
  • listagenturl: http://www.suburbanphillyhomes.com
  • countyorparish: PHILADELPHIA
  • elementaryschooldistrict: PHILADELPHIA CITY
  • middleorjuniorschooldistrict: PHILADELPHIA CITY
  • highschooldistrict: PHILADELPHIA CITY
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.24098, 39.918682
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Main Line", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"frontdesk439@kw.com", "ListBrokerageCity":"Ardmore", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw439@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/TRENDPA/c5ababc31ff73502011ffb96e0280156/20170605175506181.png", "ListBrokerageName":"Keller Williams Main Line", "ListBrokeragePhone":"(610) 520-0100", "ListBrokeragePostalCode":"19003", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":"2nd Floor", "ListBrokerageUnparsedAddress":"6 Coulter Ave", "ListBrokerageWebsiteUrl":"http://www.suburbanphillyhomes.com", "ListOfficeAddress1":"6 Coulter AVENUE", "ListOfficeAddress2":"2", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Ardmore", "ListOfficeCountry":"US", "ListOfficeEmail":"info@mainlinekw.com", "ListOfficePostalCode":"19003", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"End Of Row/Townhouse - PHILADELPHIA, PA", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/PAPH2421690/?channel=rexren", "MLSModificationTimestamp":"2024-11-20T15:39:37Z", "Neighborhoods":[{"Description":null, "Name":"PHILADELPHIA"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4035, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/20/2024 11:05:45 PM GMT
Source Updated Date: 11/24/2024 6:57:30 AM GMT

Courtesy of: Michael Fiteni, Keller Williams Main Line, mickfiteni@kw.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.