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5686 Magnolia Street, Philadelphia, PA 19144
$110,000
5686 Magnolia Street, Philadelphia, PA 19144View this property at 5686 Magnolia Street, Philadelphia, PA 19144
5686 Magnolia StreetPhiladelphiaPA19144
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Property Description
This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually. 1. **210 W Albanus St, 19120** - Monthly Rent: $1,150 - Bedrooms: 3 - Bathrooms: 1 - PHA Payment: $720 2. **1673 Pratt St, 19124** - Monthly Rent: $1,299 - Bedrooms: 4 - Bathrooms: 1 - PHA Payment: $513 3. **5686 Magnolia St, 19144** - Monthly Rent: $1,350 - Bedrooms: 3 - Bathrooms: 1 - PHA Payment: $1,121 4. **5947 Wister St, 19138** - Monthly Rent: $1,332 - Bedrooms: 3 - Bathrooms: 1 - PHA Payment: $702 5. **4689 N 16th St** - Monthly Rent: $1,194 - Bedrooms: 5 - Bathrooms: 2 - PHA Payment: $1,094 - **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one. - **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA). - **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy. - **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio. - **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation. Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.
Full Property Details
Full Property Details for 5686 Magnolia St
General
- Sold For: $110,000
- Taxes: $1,553 (2022)
- Status: Closed
- Type: Townhouse
- MLS ID: PAPH2280574
- Added to Site: 241 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main & Up: 4
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Attached Garage
- Garage Description: Basement Garage
Location
- Area: 19144 (19144)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Germantown (East)
- Subdivision: Germantown (East)
- Driving Directions: Located in East Germantown
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Hook/Up Avail
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Full
- Foundation: Other
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 1,300
- Sq. Ft. Source: Assessor
- Living Area: 1,300 Sq. Ft.
- Finished Above Grnd: 1,300 Sq. Ft.
- Year Built: 1965
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,571
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 79.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $80.77
- Assessment Year: 2023
- School Tax: $852
- City/TownTax: $701
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $111,000
- Tax Amount: $1,553
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1300
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 60
Listed and Sold by TCS Management, LLC, Moshe Adika
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Schools
Schools serving 5686 Magnolia St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
John Wister School
67 E Bringhurst St, Philadelphia, PA 19144 | K-5 | 0.6 mi | |
6100 Stenton Ave, Philadelphia, PA 19138 | 9-12 | 1.1 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 5686 Magnolia St
Date
Details
Price
Change
Source
10/27/2023
Sold
$110,000
4.76%
MLS
9/21/2023
Listed
$105,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5686 Magnolia Street, Philadelphia, PA 19144 (MLS# PAPH2280574) is a Townhouse property that was sold at $110,000 on October 27, 2023. Want to learn more about 5686 Magnolia Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.