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1229 W Porter Street, Philadelphia, PA 19148
$310,000
1229 W Porter Street, Philadelphia, PA 19148View this property at 1229 W Porter Street, Philadelphia, PA 19148
1229 W Porter StreetPhiladelphiaPA19148
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Property Description
Very clean and updated duplex in HOT South Philadelphia/Lower Myomensing. Excellent cash flow positive investment. Convenient to stadiums, Broad Street Line and Center City! With this updated duplex you could live in one unit and rent out the other OR rent out both. This duplex offers two, 1 bedroom units, each with updated kitchens, living room, updated full bath AND washer and dryer in each unit. Separate electric and gas but water is shared. The 1st floor unit is not occupied and ready for either a new tenant or the owner occupant. Seller was getting $850 in rent but that was a long term tenant and could easily be raised to $900 or maybe $950 a month. You can also rent the former garage/storage to tenant for an additional $100 or rent that separately. The 2nd floor unit has been there for years and would like to stay. Tenant is paying $800 rent which is under market rent. Lease is up in May 2018. 1st floor has access to large, unfinished basement for storage. There is also an attached storage unit that was a garage which owners were using for personal use. This large storage unit has a separate, locked entrance from the street or inside 1st floor unit and can be rented out to one of the tenants for additional rent or to a third tenant altogether, either way providing additional income for the new owner. Market rate is at least $100/month making the total potential income for this property $1,850 to 1950/month. With 20% down at today's rate, total monthly payment with taxes and insurance is only $1,354 thereby making this property $500 to 600 cash flow POSITIVE a month! Or, simply rent out one unit and live in the other unit for just $450 a month more! Don't wait to tour this property but know that 24 hour notice is required for 2nd floor tenant. Great investment opportunity in a HOT neighborhood!
Full Property Details
Full Property Details for 1229 W Porter St
General
- Sold For: $310,000
- Taxes: $2,146 (2017)
- Status: Closed
- Type: Duplex
- MLS ID: 1004436245
- Added to Site: 2, 298 day(s) ago
Rooms
Bedrooms
- Primary Bedroom: Unspecified
Other Rooms
- Laundry: Washer In Unit, Dryer In Unit
Parking
- Parking Features: Street
- Parking Type: On Street
Location
- Area: 19148 (19148)
- County: Philadelphia
- Development Name: Phila (South)
- Subdivision: Phila (South)
- Cross Streets: S. 13Th St
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: 780
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Storage: Garage
- Stories/Levels: 0
- Square Feet: 1,680
- Living Area: 1,680 Sq. Ft.
- Finished Above Grnd: 1,680 Sq. Ft.
- Year Built: 1936
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- Other Units: Unit 1, Unit 2
Unit 1
- Unit Description: Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 900
- Lot Dimensions: 15 x 60
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $177.98
- Tax w/Assessment: $153,300
- Tax Amount: $2,146
- Tax Year: 2017
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 149
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Schools
Schools serving 1229 W Porter St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
2501 S 13th St, Philadelphia, PA 19148 | K-5 | 0 mi | |
2101 S Broad St, Philadelphia, PA 19148 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1229 W Porter St
Date
Details
Price
Change
Source
2/12/2018
Sold
$310,000
3.68%
MLS
1/10/2018
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1229 W Porter Street, Philadelphia, PA 19148 (MLS# 1004436245) is a Duplex property that was sold at $310,000 on February 12, 2018. Want to learn more about 1229 W Porter Street? Do you have questions about finding other Duplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.