1012-16 Belmont Ave, Philadelphia, PA 19104
- $255,000
- 3,011
- SqFt
- List Price
- $255,000
- Days on Market
- 5
- Status
- ACTIVE
- MLS#
- PAPH2671798
- Living Area
- 3,011
- Lot Size (Acres)
- 0.09
- Style
- AirLite
- Year Built
- 1915
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Calling all Investors!! Welcome to your next INVESTMENT OPPORTUNITY with the potential to be your next cash flowing property for years and years to come. 1012-16 Belmont Ave has an existing massive triplex consisting of one 3 bedroom/1 bath unit, one 2 bedroom/1 bath unit, and one 1 bedroom/1 bath unit. The existing triplex needs a full renovation to return it to it's peak glory, and once it is fully restored it will generate significant cash flow for the foreseeable future due to it's amazing location in the Mill Creek neighborhood of Philadelphia, located very close to the interstate as well as Fairmount Park. This property also comes with 2 RM1 lots in which you can maximize the opportunity by building two additional multifamily properties consisting of 2-5 units each. When fully built out, this property as a whole will be a cash cow. DON'T MISS OUT ON THIS OPPORTUNITY as these deals are a rare find.
Additional Information
- Area
- 19104 (19104)
- Taxes
- $5278
- School District
- Philadelphia City
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of RE/MAX Select Group. Contact: 6106241034