1402 Willington Street
1402 Willington Street
Description
Listing Price: $599,000
Property Overview:
Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown:
Unit 1 (Ground Floor): 2 bedrooms, 1 bathroom, open-plan living and dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 2 bathrooms, spacious living area,...Investment Opportunity: Renovated Triplex Generating $4,500 Monthly Rental Income
Listing Price: $599,000
Property Overview:
Discover an incredible investment opportunity in the heart of the city. This renovated triplex offers three fully rented units, each contributing to a steady monthly rental income. Unit Breakdown:
Unit 1 (Ground Floor): 2 bedrooms, 1 bathroom, open-plan living and dining area, modern kitchen, private patio space. Unit 2 (Second Floor): 3 bedrooms, 2 bathrooms, spacious living area, updated kitchen with granite countertops, in-unit laundry, balcony. Unit 3 (Third Floor): 1 bedroom, 1 bathroom, cozy layout, skylights, upgraded fixtures. Key Features:
Fully Rented: All units are currently leased, generating a total monthly rental income of $4,500, providing immediate returns for the investor. Renovated Interiors: Each unit has been renovated with modern finishes, including hardwood floors, updated bathrooms, and contemporary fixtures. Prime Location: Situated in the bustling city center, tenants enjoy easy access to amenities, public transportation, and employment opportunities. Low Maintenance: Recent renovations minimize upkeep, allowing for hassle-free ownership and maximizing profitability. Separate Utilities: Each unit has its own meter, ensuring tenants are responsible for their own utility costs. Financial Highlights:
Monthly Rental Income: $4,500
Annual Rental Income: $54,000
Operating Expenses: Approximately $15,000 annually (including taxes, insurance, maintenance)
Net Operating Income: Approximately $39,000
Cap Rate: 6.5%
Cash-on-Cash Return: 8.2%
Additional Information:
This triplex represents an excellent opportunity for investors seeking immediate rental income in a high-demand urban market. With a competitive listing price and strong financial performance, it's a must-see for any savvy investor. Contact us today to arrange a viewing and secure your investment in the thriving city real estate market.
- Listed by Nicholas Joseph Ochs • OCF Realty LLC - PhiladelphiaP: 2157791137 nicholasochs5@gmail.com
Property Details for 1402 Willington Street
Location
Property Details for 1402 Willington Street
| Status | Active |
|---|---|
| MLS # | PAPH2346280 |
| Days on Market | 34 |
| Taxes | $7,476 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2009 |
| Lot Size | 0.03 AC / 1,136 SF |
| County | Philadelphia County |
Location
Building Information for 1402 Willington Street
Payment Calculator
$3,897 per month
30 year fixed, 7.25% Interest
$3,274
$623
$0
Property Information for 1402 Willington Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 802785881492
- SchoolDistrictSource: 3rd Party
- County: PHILADELPHIA
- MLS Area: 19121 (19121)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Tax Year: 2023
- Tax Assessed Value: $534,100
- Year Assessed: 2023
- Improvement Assessed Value: $381,900
- City Town Tax: $3,373
- Land Assessed Value: $152,200
- Clean Green Assessed: No
- Land Use Code: W50
- Zoning: RM1
- Tax Lot: 35
- School Tax: $4,102
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 2
- Building Units Total: 3
- Total Finished SQFT: 2,109.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,109.00
- Total SQFT: 2,109.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Lot Size Source: Assessor
- Lot Size Dimensions: 16.00 x 71.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1220869
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
Property History for 1402 Willington Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1402 Willington Street
Schools near 1402 Willington Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Meade Gen George C School PublicPK to 8 | ||
Vaux HS: A Big Picture School Public9 to 12 | ||
Carver High School Public7 to 12 | ||
Franklin LC Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of OCF Realty LLC - Philadelphia
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.