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$360,000
64 Days Online

4842 E Roosevelt Boulevard
Philadelphia, PA 19124

For Sale|Multi-Family|Active
Subdivision:
Oxford Circle
County:
Philadelphia

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+1(856)912 2973
4842 E Roosevelt Boulevard4842 E Roosevelt Boulevard4842 E Roosevelt Boulevard4842 E Roosevelt Boulevard
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Discover a prime investment opportunity in the heart of Philadelphia's flourishing real estate market with this income-generating quadruplex. Positioned to deliver a solid 10% cap rate, the property not only provides immediate cash flow but also presents avenues to enhance its overall value. Currently, three units are occupied, each contributing to the robust rent roll with monthly figures of $975, $875, and $815, respectively. The property also features a vacant, renovated studio projected at $1,000 a month and a garage with a projected $150 monthly income. Beyond the existing income, the basement, complete with plumbing and bathroom facilities, offers expandability potential, either as a fifth unit or additional space for the lower-level unit. The lower level itself comprises an inviting office space, a living room a spacious kitchen, two bedrooms, and a full bath. A community staircase and hallway from the front-facing door lead to the second and third floors, housing two one-bedroom units and a fully renovated studio projecting $1,000 a month in rent. Conveniently situated near major routes through Philadelphia and within walking distance of abundant shopping options, this property is not only an income generator but also strategically located for tenant convenience. Whether you choose to live in the studio or rent out all units for maximum income, this property offers a blend of immediate returns and long-term potential in an appreciating market. Secure your foothold in the thriving Philadelphia market and make the most of this unique investment opportunity.

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Listing Snapshot
Price 
$360,000
Days Online 
64 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,052 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1925
MLS Number 
PAPH2307182
Status 
Active
Property Tax 
$3,565
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
22 hours agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active
3 weeks agoStatus changed to Pending
a month agoPrice changed to $360,000
2 months agoStatus changed to Active
See 1 more
General Features
Style 
Colonial
Water 
Public
Sewer 
Public Sewer
Garage 
No
Foundation 
Stone
Other Structures 
Above GradeBelow Grade
Construction Materials 
Masonry
Zoning 
RSA3
Acceptable Financing 
ConventionalFHA
Interior Features
Heating 
Hot Water
Cooling 
Central A/C
Central Air 
Yes
Basement 
Yes
Basement Description 
Full
Fireplace 
Yes
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Exterior Features
Pool 
No Pool
Roof 
Shingle
Community Features
Accessibility Features 
None
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Hometown Real Estate Group (856) 235-3900



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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