(267) 688-4531

465-69 CINNAMINSON ST

1 of 43 More Photos

$625,000

Philadelphia, PA 19128
  • 2,585 Sq Ft
  • 0.20 Acres
  • Multifamily

Property Details

This property in Roxborough is an attractive investment opportunity, particularly for builders or investors looking to capitalize on under-market rental rates and additional land for development. Here are some key points based on the description provided: Location: Roxborough (specific address not provided) Type: Duplex Units: 1st Floor: 2 bedrooms 1 bathroom Monthly rent: $800 (below market value) 2nd Floor: 3 bedrooms 2 bathrooms Monthly rent: $1800 Renovated Additional Feature: Extra lots, suggesting potential for expansion or additional development. Investment Considerations: Rental Income: Currently, the property generates $2,600 per month in rent. If the first-floor unit's rent were adjusted to market rates, this could potentially increase. Renovation and Upgrades: The second floor has already been renovated, which might attract higher-quality tenants or justify higher rent. The condition of the first floor could be a focus for future improvements. Development Potential: With extra lots, there's room for further investment like building additional units or expanding the existing structure, subject to zoning laws and permits. Next Steps: Viewing: It's recommended to make an appointment to inspect the property in person to assess the condition, potential renovation needs, and to better understand the neighborhood.

Overview

2585
PAPH2441816
Feb 6, 2025
65.00 x 135.00 Square Feet
Other
PHILADELPHIA CITY
$8,048
2024

Features

Directions

Ridge ave to Cinnaminson

Presented by Christopher Wagenhoffer

Brokered by Philadelphia Area Realty

Jon Fisher