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5933 Trinity Street

PHILADELPHIA, PA 19143
  • $250,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: PAPH2346934
$250,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,110
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

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. Each one bedroom, one bath unit is currently rented at $998 and $975, 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. For apartment 1, an increase is due in Summer 2024, and for apartment 2, in Spring 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!

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www.chesapeakebayproperties.com/homes/149876322
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5933 Trinity Street PHILADELPHIA, PA 19143

  • Price: $250,000
  • Status: Active
  • On Site: 50 Days
  • MLS #: PAPH2346934
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1,110
SQFT
$225
$/SQFT
1920
Built
Neighborhood:
19143 (19143)
County:
Philadelphia
Area:
19143 (19143)
School District:
Philadelphia City
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. Each one bedroom, one bath unit is currently rented at $998 and $975, 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. For apartment 1, an increase is due in Summer 2024, and for apartment 2, in Spring 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!
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1110 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Interior Features Kitchen - Eat-InCeiling Fan(s)Floor Plan - OpenUpgraded Countertops Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventionalFHAVA Accessibility Features None Central Air YN Yes Cooling Fuel None Cross Street S 59TH ST Existing Lease Type Yearly Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 1 Original MLSNumber 803018351556 Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 758.00 Tax Lot 298 Vacation Rental YN No Water Source Public Zoning RSA5

 
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