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Listed by Jamiel Asghar • RE/MAX Select Group

$255,000

Est. payment - /mo

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3,011 SqFt

Under Contract

1012-16 BELMONT AVE Philadelphia, PA 19104

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Lee Wilson

lee@wilsongateproperties.com +1(240) 206-1283

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Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,011 sqft

Price per Sqft $84

MLS Listing ID PAPH2671798

Style AirLite

Abv Grd Liv Area 3,011

Year Built 1915

Annual Tax Amount $5,278

Tax Year 2026

Lot Size 3,750 Sqft

Acres 0.09

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Calling all Investors!! Welcome to your next INVESTMENT OPPORTUNITY with the potential to be your next cash flowing property for years and years to come. 1012-16 Belmont Ave has an existing massive triplex consisting of one 3 bedroom/1 bath unit, one 2 bedroom/1 bath unit, and one 1 bedroom/1 bath unit. The existing triplex needs a full renovation to return it to it's peak glory, and once it is fully restored it will generate significant cash flow for the foreseeable future due to it's amazing location in the Mill Creek neighborhood of Philadelphia, located very close to the interstate as well as Fairmount Park.

This property also comes with 2 RM1 lots in which you can maximize the opportunity by building two additional multifamily properties consisting of 2-5 units each. When fully built out, this property as a whole will be a cash cow. DON'T MISS OUT ON THIS OPPORTUNITY as these deals are a rare find.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 3011

Sewer Public Sewer

Water Public

Architectural Style AirLite

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 062342700

Ownership Fee Simple

SqFt Source 3011

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Third Party Approval