Skip To Content

257 E Elkhart Street

PHILADELPHIA, PA 19134
  • $89,990
  • STATUS: Active
  • ON SITE: 112 Days
  • ID#: PAPH2376254
Price Reduced
UPDATED: 10 min ago
$89,990
  • 3
    BEDS
  • 0.01
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 924
    SQFT
  • $97
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1920
County:

School Ratings & Info

Description

Portfolio Sale!!This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This package includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year, "257 E Elkhart St": $10,200/year. Both tenants have a reliable payment history, offering immediate cash flow with room for rent adjustments to align with market rates.Situated in the Kensington-Port Richmond area, these properties benefit from their proximity to grocery stores, public transportation, and major highways such as I-95 and Aramingo Ave. The surrounding neighborhood is gaining momentum, driven by development and growth spilling over from popular areas like Fishtown and Northern Liberties. This creates strong demand for rentals, ensuring a stable tenant pool and future appreciation potential. The homes are located within walking distance of restaurants, markets, and local shops, adding to the areas appeal.Both properties are currently rented below market value, offering an excellent value-add opportunity for investors. Options include raising rents, repositioning the properties, or enrolling in Section 8 housing programs. This package provides long-term cash flow with minimal upfront effort and offers a pathway to higher returns through strategic updates. Whether youre looking to hold and rent or add value through improvements, this portfolio is a solid investment in a promising Philadelphia neighborhood.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Peter Knapp Realty Group | Real Broker, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-05T20:52:03.637.
www.peterknapprealtygroup.com/homes/152617975
Print Image

257 E Elkhart Street PHILADELPHIA, PA 19134

  • Price: $89,990
  • Status: Active
  • On Site: 112 Days
  • Updated: 10 min ago
  • ID#: PAPH2376254
3
Beds
1
Baths
0
½ Baths
0.01
Acres
924
SQFT
$97
$/SQFT
1920
Built
Neighborhood:
Kensington
County:
Philadelphia
Area:
19134 (19134)
School District:
The School District Of Philadelphia
Property Description
Portfolio Sale!!This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This package includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year, "257 E Elkhart St": $10,200/year. Both tenants have a reliable payment history, offering immediate cash flow with room for rent adjustments to align with market rates.Situated in the Kensington-Port Richmond area, these properties benefit from their proximity to grocery stores, public transportation, and major highways such as I-95 and Aramingo Ave. The surrounding neighborhood is gaining momentum, driven by development and growth spilling over from popular areas like Fishtown and Northern Liberties. This creates strong demand for rentals, ensuring a stable tenant pool and future appreciation potential. The homes are located within walking distance of restaurants, markets, and local shops, adding to the areas appeal.Both properties are currently rented below market value, offering an excellent value-add opportunity for investors. Options include raising rents, repositioning the properties, or enrolling in Section 8 housing programs. This package provides long-term cash flow with minimal upfront effort and offers a pathway to higher returns through strategic updates. Whether youre looking to hold and rent or add value through improvements, this portfolio is a solid investment in a promising Philadelphia neighborhood.
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Property Condition GoodAverage Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 924 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions Tenants' Personal Belongings Fireplace YN No Flooring Wood Heating Baseboard - Electric Heating YN Yes Levels 2 Upper Level1 Bedrooms 3 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Electric 100 Amp Service Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 803221116036 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public SewerPublic Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 744.00 Tax Lot 28 Total Actual Rent 10200.00 Utilities Cable TV AvailableElectric AvailableNatural Gas AvailableWater Available Vacation Rental YN No Water Source Public Zoning RSA5

Listing courtesy of : .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Peter Knapp Realty Group | Real Broker, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-05T20:52:03.637.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803221116036-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803221116036-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803221116036-2.jpg
Logo
The Peter Knapp Realty Group | Real Broker, LLC
1765 Greensboro Station Place # 900
Mclean VA, 22102