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$249,600

Beds
3
Baths
1.5
sq ft
1,150

1672 N Wilton St, Philadelphia, PA 19131

1672 N Wilton St

PHILADELPHIA, PA 19131

  • 14 days on market
PROPERTY IS BEING OFFERED AS A PACKAGE WITH 5236 W JEFFERSON ST. AND 1728 N WILTON ST. PLEASE INQUIRE FOR PACKAGE INFORMATION. PACKAGE IS OFFERED AT $749,000 WITH GREAT INVESTMENT RETURN. 5236 W Jefferson St., 1728 N Wilton St., and 1672 N Wilton St. are being offered together as a package deal. All three properties are 3 bed/1.5 bath and have been fully gutted and remodeled (pictures/videos and receipts of work are available upon request). No expense was spared on these renovations - fully waterproofed basements with new slabs, all new mechanicals, framing, insulation, drywall, etc. These properties will be able to easily provide steady income for the next 30 years. Total Gross Income for the three properties is $6,090 per month. These rents are covered by PHA Section 8, with newer leases. 5236 Jefferson St. has another entire year left on its lease, and both properties on Wilton St. have nearly two years left on their lease. PHA is paying over 90% of the rent burden for two of the properties, and about 75% of the rent burden for the other. Tenants pay for all utilities. All tenants pay on time and take amazing care of the properties. All properties remain looking as new and are problem free. Anything and everything that could have been performed to these properties has already been done. These are essentially turnkey rentals. The 19131 zip code provides great upside for investors who are looking for a viable long-term strategy. The commercial corridor here in West Parkside has seen awesome increases in median household income as well as home sales.

Details

Property type

Townhouse

Est. home value

$147,959

Lot size

806 sq ft

Price per sq ft

$218

Year built

1925

Annual property taxes

$816

HOA

No

Price History

01/08/2025
Bright

Bright #PAPH2433460

Listed
$249,600
+524%
09/19/2022
Bright

Bright #PAPH2142380

Sold
$40,000

Schools & Community

Neighborhood: 

Wynnefield

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

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

Ifp Fund I Llc

Loan start date

July 2023

Original loan amount

$162,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Commercial

Seller

Engineered Asset Management Llc

Lender

Crowdeopia Llc

Loan start date

September 2022

Original loan amount

$139,750

Est. remaining balance

Not provided

Interest rate

5.51%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Engineered Asset Management 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: 01/22/2025 at 5:55 AM

Listing updated: 01/11/2025 at 10:20 AM

Listed by: Steven Sooby, HomeSmart Realty Advisors Phone #: (215) 604-1191

MLS: Bright #PAPH2433460

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