$89,900
- Beds
- 2
- Baths
- 1.0
- sq ft
- 728
3402 Tampa St, Philadelphia, PA 19134
3402 Tampa St
PHILADELPHIA, PA 19134
- 6 days on market
Portfolio Sale!!
This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $180,000. Both tenants are on month-to-month leases, giving the buyer flexibility to either keep the tenants for steady rental income or deliver the properties vacant at settlement. This package includes 3402 Tampa St (2-bed, 1-bath, 728 sqft) and 257 E Elkhart St (3-bed, 1-bath, 924 sqft). Together, they generate $18,600 annually, with tenants covering all utilities. "3402 Tampa St": $8,400/year, "257 E Elkhart St": $10,200/year. Both tenants have a reliable payment history, offering immediate cash flow with room for rent adjustments to align with market rates.
Situated in the Kensington-Port Richmond area, these properties benefit from their proximity to grocery stores, public transportation, and major highways such as I-95 and Aramingo Ave. The surrounding neighborhood is gaining momentum, driven by development and growth spilling over from popular areas like Fishtown and Northern Liberties. This creates strong demand for rentals, ensuring a stable tenant pool and future appreciation potential. The homes are located within walking distance of restaurants, markets, and local shops, adding to the area’s appeal.
Both properties are currently rented below market value, offering an excellent value-add opportunity for investors. Options include raising rents, repositioning the properties, or enrolling in Section 8 housing programs. This package provides long-term cash flow with minimal upfront effort and offers a pathway to higher returns through strategic updates. Whether you’re looking to hold and rent or add value through improvements, this portfolio is a solid investment in a promising Philadelphia neighborhood.
Details
Property type
Townhouse
Lot size
612 sq ft
Price per sq ft
$124
Year built
1920
Annual property taxes
$692
HOA
No
Price History
12/16/2024
Bright #PAPH2428312
Listed
$89,900
12/11/2024
Bright #PAPH2375978
Removed
$89,900
11/04/2024
Bright #PAPH2375978
Price change
$89,900
-0.11%
Schools & Community
Neighborhood:
Upper Kensington
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
THE SCHOOL DISTRICT OF PHILADELPHIA
Status: Active
Tomo last checked: 12/22/2024 at 12:20 AM
Listing updated: 12/16/2024 at 12:09 PM
Listed by: Xianghong Lin, Target Realty Phone #: (215) 218-0939
MLS: Bright #PAPH2428312
Recently listed in PHILADELPHIA
$170,000|3 bd|1.5 ba|Townhouse
$600,000|3 bd|2.5 ba|Townhouse
$265,000|3 bd|2.5 ba|Townhouse
$449,990|4 bd|3.5 ba|
$160,000|3 bd|1.5 ba|Townhouse
$499,900|3 bd|2.5 ba|Townhouse
$220,000|2 bd|1.5 ba|Condo
$235,000|3 bd|1.0 ba|Townhouse
$295,000|3 bd|3.5 ba|Townhouse
$344,999|2 bd|2.0 ba|Townhouse
Explore top cities in Pennsylvania