1402 N Willington Street
Philadelphia, PA, 19121 $ 599,900
Bedrooms8 Baths0.0 Monthly Estimate*
$ 3,987
for $599,900 with 8 bedrooms. This home was built in 2009 on a lot size of 0.03.
Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental Income Listing Price: $599,000 Property Overview: Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown: Unit 1 (Ground Floor): 2 bedrooms, 1 bathroom, open-plan living and dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 2 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony. Unit 3 (Third Floor): 1 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures. Key Features: Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor. Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures. Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities. Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability. Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs. Financial Highlights: Monthly Rental Income: $4,500 Annual Rental Income: $54,000 Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance) Net Operating Income: Approximately $39,000 Cap Rate: 6.5% Cash-on-Cash Return: 8.2% Additional Information: This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor. Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning RM1
Architectural Style Other
Construction Materials Masonry
Year Built 2009
Property SubType Triplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions /
City PHILADELPHIA
Buyer Agent Compensation 3
Total Units 3
MLS Area 19121 (19121)
Lot Size Square Feet 1136.00
Waterfront Y/N N
Street Name WILLINGTON
Tax Annual Amount 7476.0
Two Bedroom 1
Structure Type Other
Price Per Sq Ft Total 284.45
Vacation Rental Y/N N
Days on Market 20
Standard Status Active
Year Built Source Assessor
Tax Lot 35
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Water View Y/N N
Lot Dimensions 16.00 x 71.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 152200.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByOcf Realty Llc - PhiladelphiaBroker
nicholasochs5@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,987
- Monthly Property Taxes
- $623
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $547,165
Percent of Sale Price 9%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/29/2024 | $599,900 | | Listed Price |