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$450,000

Beds
5
Baths
3.0
sq ft
2,039

1000 S 60th St, Philadelphia, PA 19143

1000 S 60th St

PHILADELPHIA, PA 19143

  • 58 days on market
Highly Motivated Seller!!! Attention all investors and potential house hackers... The 1st Floor Unit will be delivered vacant. Ideal home for an owner occupant who wants to collect significant rental income to help offset and pay down their mortgage. This premier, renovated, end of row triplex is a true gem and a must see!!! Here’s your opportunity to purchase a completed renovated, fully occupied, spacious triplex in the heart of the vibrant Cobbs Creek section of Philadelphia. This multi-unit is the perfect income producing property to add to your growing real estate portfolio. The rents in this area have been steadily increasing over the past few years. This property should easily net $1-2k profit per month. When you pull up to the property for the tour, you will notice the new white aluminum siding that clearly makes this property the standout of the entire block. The property has been completely revitalized and includes multiple upgrades; granite countertops in every kitchen, stainless steel appliances, new electric service, new plumbing, new water heaters and both furnaces have been certified by a licensed HVAC company. The 1 bedroom, 1 bath unit on the lower level, which is accessed through the side of the house, boasts luxury vinyl flooring that will greet you upon your entrance. The eat-in kitchen has brand new appliances, a sleek countertop and a huge Whirlpool refrigerator. Your eye will be drawn to the black accented drop ceiling that shows every detail of each unit was well thought out. The full bathroom offers a large shower with a mini octagon tile shower floor which gives it a very modern and sophisticated look. The first and second levels share a common area with a stunning painted exposed brick wall. Both units have 2 bedrooms and 1 bathroom with spacious living areas, new washer and dryer and modern eat-in kitchens with brand new appliances. You will find beautiful luxury vinyl flooring throughout the living areas, soft carpet in each bedroom along with modern ceiling fans. Each bathroom has a tub/ shower combo with marble tile floor with upgraded vanity and fixtures. There is plenty of storage in each unit and an abundance of windows that allow for ample sunlight during the day. Every unit has its own electric panel. The lower level unit runs completely on electric. There are 2 bus stops directly across the street from the property. Located only 3 miles from University City, 2 miles from the 69th street Terminal and only 20 minutes from the airport. Again, this is a great investment property to add to your real estate portfolio. These pictures were taken prior to tenant occupancy. Schedule a showing today!

Details

Property type

Townhouse

Lot size

1,800 sq ft

Price per sq ft

$221

Year built

1920

Annual property taxes

$2,891

HOA

No

Price History

09/15/2024
Bright

Bright #PAPH2396956

Listed
$450,000

Schools & Community

Neighborhood: 

Cobbs Creek

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$82,009
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$331,991
Cash to seller
$82,009

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Foundation Mortgage Corp

Loan start date

April 2023

Original loan amount

$337,500

Est. remaining balance

$331,991

Interest rate

6.73%

Loan type

New Conventional, 30 year

Seller

Kjb Solutions Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/12/2024 at 5:30 PM

Listing updated: 11/07/2024 at 5:09 PM

Listed by: Ronald Anthony Williams, KW Empower Phone #: (215) 627-3500

MLS: Bright #PAPH2396956

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