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$239,000

Beds
6
Baths
2.0
sq ft
3,024

1221 Wagner Ave, Philadelphia, PA 19141

1221 Wagner Ave

PHILADELPHIA, PA 19141

  • Coming soon
Investment Property with Reliable Income! Huge 6 bed 2 full bath home with a basement, fully occupied, on a large corner lot. Oversized porch, fireplace and big bedrooms upstairs. Updated 200 amp electric, gas water heater, radiator oil heat. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $1,800 ($21,600 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 3539 N Marvine St, Philadelphia and 5129 N 10th St, Philadelphia which is producing a combined $69,600 annually. The asking price for all 3 properties is $600,000.

Details

Property type

Duplex

Est. home value

$293,293

Lot size

3,052 sq ft

Price per sq ft

$80

Year built

1940

HOA

No

Price History

10/28/2021
Bright

Bright #PAPH2028486

Sold
$195,000

Schools & Community

Neighborhood: 

Logan

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

School district: 

PHILADELPHIA CITY

Seller’s Loan History

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

Lender

Abl Four Llc

Loan start date

November 2021

Original loan amount

$156,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Credit Line (Revolving), 30 year

Seller

Brproperties Pilling Inc

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: Coming Soon

Tomo last checked: 11/08/2024 at 7:30 AM

Listing updated: 11/07/2024 at 6:14 AM

Listed by: Austin Cennimo, Keller Williams Realty - Moorestown Phone #: (856) 316-1100

MLS: Bright #PAPH2417396

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