BACK ON THE MARKET! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate!! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J.O.B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell. Cash deals preferred. Property being sold AS IS.
Sold for $175,000
$175,000
1716 Bridge St, Philadelphia, PA 19124
5beds
--baths
1,408sqft
Townhouse
Built in 1920
-- sqft lot
$181,600 Zestimate®
$124/sqft
$1,461 Estimated rent
Home value
$181,600
$163,000 - $202,000
$1,461/mo
Zestimate® history
Owner options
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$1,461/mo
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$1,461/mo
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$1,131/mo
Est. payment
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$1,131/mo
Est. payment
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Rooms for rentNew kitchensNew flooring
Zillow last checked:
Listing updated:
Listed by:
Leslie Margolies 215-904-3006,
Long & Foster Real Estate, Inc.,
Co-Listing Agent: Nabila Baba Alaoui-Jackson 215-936-9386,
Keller Williams Main Line
Bought with:
Nabila Jackson baba alaoui-jackson, RS344492
Keller Williams Main Line
Source: Bright MLS,MLS#: PAPH2383150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Hot Water, Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Ceiling Fan(s), Dry Wall
- Flooring: Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,408
- Total interior livable area: 1,408 sqft
Property
Parking
- Parking features: Free, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 309 sqft
- Dimensions: 15.00 x 20.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 622097500
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: AirLite
- Property subtype: Townhouse
Materials
- Brick Front
- Foundation: Other, Brick/Mortar, Block, Stone
- Roof: Flat
Condition
- Good
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Natural Gas Available, Electricity Available
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Frankford
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA 203(k),FHA,FHA 203(b),Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2024 | Sold | $175,000$124/sqft |
Source:  Bright MLS #PAPH2383150 Report a problem | ||
| 10/14/2024 | Pending sale | $175,000$124/sqft |
Source: Bright MLS #PAPH2383150 Report a problem | ||
| 9/14/2024 | Listed for sale | $175,000$124/sqft |
Source: Bright MLS #PAPH2383150 Report a problem | ||
| 8/15/2024 | Pending sale | $175,000$124/sqft |
Source:  Long & Foster Broker Feed #PAPH2383150 Report a problem | ||
| 8/5/2024 | Listed for sale | $175,000-7.9%$124/sqft |
Source: Bright MLS #PAPH2383150 Report a problem | ||
| 6/11/2024 | Listing removed | -- |
Source: Long & Foster Broker Feed #PAPH2335564 Report a problem | ||
| 6/4/2024 | Price change | $190,000-2.6%$135/sqft |
Source: Bright MLS #PAPH2331378 Report a problem | ||
| 3/23/2024 | Price change | $195,000-4.9%$138/sqft |
Source: Bright MLS #PAPH2331378 Report a problem | ||
| 3/13/2024 | Listed for sale | $205,000-4.7%$146/sqft |
Source: Bright MLS #PAPH2331378 Report a problem | ||
| 2/29/2024 | Listing removed | -- |
Source: Bright MLS #PAPH2299208 Report a problem | ||
| 12/18/2023 | Price change | $215,000-4.4%$153/sqft |
Source: Bright MLS #PAPH2299208 Report a problem | ||
| 11/20/2023 | Listed for sale | $225,000+50%$160/sqft |
Source: Bright MLS #PAPH2299208 Report a problem | ||
| 1/11/2020 | Listing removed | $150,000$107/sqft |
Source: Dan Realty #PAPH841086 Report a problem | ||
| 10/10/2019 | Listed for sale | $150,000$107/sqft |
Source: Dan Realty #PAPH841086 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Frankford
Nearby schools
GreatSchools rating
- 4/10Sullivan James J SchoolGrades: K-5Distance: 0.5 mi
- 4/10Harding Warren G Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Frankford High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$181,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$181,600
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