Mary Lou Erk - Coldwell Banker Hearthside
1500 N 56th St
PHILADELPHIA, PA 19131

Description

What could be Better than an Investment Property? With BOTH Units already paying YOU Rent, THIS ONE is Better - because YOU will collect Rent IMMEDIATELY!! 1500 N. 56th Street in Carroll Park is calling YOU!! Would you look at that amazing Cap Rate!? This is a RARE End-Unit with separate entrances for upper and lower levels, a large Rear Yard, and FOUR Bedrooms upstairs! INCOME Producing, Separate Utilities, HUGE Interior Space - Rental Income can be YOURS from Day One!! ~ ~ This is a Short Sale. Your agent will give you the required Short Sale "MYC Associated Documents" that are in the MLS, which will be attached with your offer. There is a 1.5% Loss Mitigation Fee paid by the Buyer; $2,500 Minimum. See Associated Documents. Also, all offers and documents must be signed in pen, no electronic signatures will be accepted. ~ ~1500 56th has Multi-Unit Possibilities - Barber or Beauty Shop, Nailery, or Office on the First Floor, with a WHOLE HOUSE on TOP! CAP Rate of over 13 - you don't see that too often! Longtime Tenant would Love to Stay and Pay YOU - the New Landlord! - Who doesn't like THAT!? Get into the Real Estate Game, OR Build Your Portfolio! What are you waiting for!? Call NOW for your appointment!!

Details

MLS#1004403505
Sub-TypeResale
StatusActive
Year1925
Days On Site287

Features

Market Activity 19131

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19131
Area19131 (19131)
Listing VS Median (in 19131)
Price:
$80,000
low | high
Med:
$115,000
6.25% of Average
On Site:
287
low | high
Med:
251
100% of Average
Listing Updated: 10/18/2018
MLS Number: 1004403505
Listing Provided By:
Mark A Turner  of  Century 21 Advantage Gold-South Philadelphia

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