Homes for sale - 257 E ELKHART ST, Philadelphia, PA 19134

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$89,990

Est. payment - /mo

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3 BD

1 BA

924 SqFt

Active

257 E ELKHART ST Philadelphia, PA 19134

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Melissa Roswell

melissaroswell@kw.com +1(856) 904-9502

UPDATED:

11/04/2024 08:34 PM

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 924 sqft

Price per Sqft $97

Subdivision Kensington

MLS Listing ID PAPH2376254

Style Traditional

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 924

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $744

Tax Year 2024

Lot Size 609 Sqft

Acres 0.01

Lot Dimensions 14.00 x 44.00

Property Description

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.

Location

State PA

County Philadelphia

Area 19134 (19134)

Zoning RSA5

Rooms

Basement Full, Unfinished

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Wood

Fireplace N

Heat Source Electric

Exterior

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Water Available

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer, Public Septic

Water Public

Architectural Style Traditional

Level or Stories 2

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 071265300

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Xianghong Lin • Target Realty

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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Melissa Roswell

257 E ELKHART ST Philadelphia, PA 19134

Melissa Roswell

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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257 E ELKHART ST