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Bought with Omar Whitfield • Long & Foster Real Estate, Inc.
$ 200,000
$ 222,900 10.3%
6320 RISING SUN AVE Philadelphia, PA 19111
5 Beds
3 Baths
2,448 SqFt
UPDATED:
Key Details
Sold Price $200,000
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $81
Subdivision Lawndale
MLS Listing ID PAPH2510518
Style Straight Thru
Bedrooms 5
Full Baths 3
Year Built 1950
Annual Tax Amount $3,326
Tax Year 2025
Lot Size 2,219 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Price DROP!!
Great opportunity with this value-add CMX-1 zoned property. With a little bit of cosmetic touch-ups, this can be a great rental investment with 3 units. Over 12% CAP rate with current market rents - very rare find now.
Lower level (basement) unit has 2 bedrooms with a full-bath and kitchen.
First floor has 1 bedroom, 1 large living room, kitchen and 1 full bathroom. Can be used as an office/retail as well.
Second Floor has 2 large bedrooms, 1 kitchen (gas stove) and a full bathroom.
One entrance on 1st floor then separates into 2. Left door leads to 2nd floor unit.
Estimated approximate annual income $36,000 Gross minus expenses of $5000/yr = 31,000 (12% Net)
Come check it out and put your money to work for you!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Exterior
Water Access N
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
