Philadelphia, PA 19142 7032 Paschall Avenue

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Presented By: Keller Williams Main Line
  • MLS# PAPH2386860
  • 08/23/2024
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  • Beds • 4

Home Details

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, youll benefit from immediate income on day one! Features: Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths Unit 2 (1 Floor): 3 Bedrooms, 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 yearsor 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. Key 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 Philadelphias most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses: Rental Income: $3,500 per month Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month Net Income: $3,500 - $2,000 = $1,500 per 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 Lets 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. Property can be delivered vacant Book your showing!
Presented By: Keller Williams Main Line

Interior Features for 7032 Paschall Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementOther
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther

General for 7032 Paschall Avenue

AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelOther
CoolingOther
CountyPHILADELPHIA
DirectionsBetween S 71st St and S 70th St
Garage Y/NNo
HeatingOther
MLS Area19142 (19142)
ModificationTimestamp2025-03-22T17:13:31
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipOther
PossessionImmediate
Price Per Sq Ft Total AG170.16
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeEnd of Row/Townhouse
Subdivision NamePASCHALL
Tax Annual Amount3216.0
Tax Assessed Value229800.0
Tax Lot27
Tax Year2025
Total SQFT1763
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA3

Exterior for 7032 Paschall Avenue

Foundation DetailsBrick/Mortar
Land Assessed Value45960.00
Land Use CodeG50
Lot Dimensions31.00 x 110.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $300,000
MLS#PAPH2386860
List Date 08/23/2024
Property Type Contingent
Phone 703.929.4729
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