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$350,000
1,600
square ft

5900 Pine Street
PHILADELPHIA, Pennsylvania 19143

New / MLS #PAPH2421184 / Multiple Unit (2-4) / PHILADELPHIA
Listing information updated 11/18/2024 at 1:21pm
This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability. Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates. Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.
Architecture Style:
Straight Thru
Cooling System:
Window Unit(s)
Heating System:
Baseboard - Electric
Pool:
No
Age:
104 Years
Room Count:
4
Water Front:
No
Square Feet:
1,600
Lot Size:
1280.00 Square Feet
Acreage:
0.03
Tax Amount:
$3,159
Tax Year:
2024
Zip Code:
19143
City:
Philadelphia
County:
Philadelphia
School District(s):
PHILADELPHIA CITY
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: ISS Realty, LLC

Listing Office Phone: 215.795.0207

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5900 Pine Street is a multiple unit (2-4) currently listed at $350,000. This multiple unit (2-4) has been listed on RLAH @properties since November 18th, 2024 and was built in 1920.