Philadelphia, PA 19142 7032 Paschall Avenue

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Presented By: Keller Williams Main Line
  • MLS# PAPH2421690
  • 11/19/2024
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 3
  • SQFT • 1,763

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 Beds, 1.5 Baths Unit 2 (1 Floor): 3 Beds, 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. 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. Monthly Income and Expenses: Rental Income: $3,500/month Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000/month Net Income: $3,500 - $2,000 = $1,500/ 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 Now 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. The property can also be delivered vacant. Book your showing! Also listed as a Multifamily, MLS ID:PAPH2386860
Presented By: Keller Williams Main Line

Interior Features for 7032 Paschall Avenue

Bedrooms

Bedrooms Count All Upper Levels3
Bedrooms Count Upper Level 13
Main Level Bedrooms3
Total Bedrooms6

Bathrooms

Bathrooms Full Upper Level 11
Bathrooms Full All Upper Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count All Upper Levels1
Total Baths3

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1763
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementOther
Basement (Y/N)Yes
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace Y/NNo
FlooringFully Carpeted
Heating FuelOther
Heating Y/NYes
Hot WaterOther

Other Rooms

Room TypePrimary Bedroom

Room Details for 7032 Paschall Avenue

Primary Bedroom

level Unspecified

General for 7032 Paschall Avenue

AccessibilityNone
Architectural StyleOther
Bathrooms Count Main Level2.00
Bathrooms Full Main Level2
CityPHILADELPHIA
Condo/Coop Association Y/NNo
Construction MaterialsMasonry
Cool FuelOther
CoolingOther
CountyPHILADELPHIA
DirectionsBetween S 71st St and S 70th St
Electric200+ Amp Service
Exterior FeaturesSidewalks, Street Lights
Full Baths3
Garage Y/NNo
HOANo
HeatingOther
Levels2
Lot Size Square Feet3410.00
Lot Size UnitsSquare Feet
MLS Area19142 (19142)
ModificationTimestamp2025-03-03T11:48:25
MunicipalityPHILADELPHIA
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG170.16
Property TypeResidential
RoofFlat
School DistrictPHILADELPHIA CITY
Senior Community Y/NNo
SewerPublic Sewer
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
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
Lot Size Acres0.08
Lot Size SourceEstimated
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#PAPH2421690
List Date 11/19/2024
Property Type Contingent
Phone 703.929.4729
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