Welcome to 260 Roxborough Avenue in Philadelphia, PA! This stunning end row home presents an incredible investment opportunity for discerning buyers. Boasting 3 bedrooms and 3 full bathrooms, this spacious property spans 1,820 square feet, providing ample space for comfortable living. One of the standout features of this property is the convenience it offers with three dedicated parking spots, ensuring that you and your tenants never have to worry about finding parking in this sought-after neighborhood. The shared driveway with the neighbor adds an extra layer of accessibility and ease. The current lease agreement in place from May 15, 2023, to May 14, 2025, guarantees a steady rental income of $3,000 per month. This provides an excellent opportunity for investors looking to generate passive income from day one. Considering the sale price of $439,900, and assuming a 20% expense ratio, the capitalization rate (cap rate) for this property is 6.55%. This cap rate showcases the potential return on investment and the financial viability of this property as an investment option. Beyond its financial appeal, 260 Roxborough Avenue offers a comfortable and inviting living space. The interior features spacious rooms with ample natural light, creating a warm and welcoming atmosphere. The three full bathrooms ensure convenience for all occupants, and the bedrooms provide ample space for relaxation and privacy. Located in Philadelphia, this property benefits from its prime location in a vibrant and desirable neighborhood. Enjoy the convenience of nearby amenities, including restaurants, shops, parks, and excellent schools, all within easy reach. Don't miss out on this exceptional investment opportunity at 260 Roxborough Avenue. With its impressive cap rate, reliable lease agreement, and desirable features, this property is a smart choice for investors seeking long-term financial growth. Contact us today to secure this lucrative investment property and start reaping the rewards of Philadelphia real estate.
1,650 Sq ft
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th June, 2023 8:53 AM (UTC)