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About This Home
This 2-bedroom, 1-bathroom multi-family at 2942 FRENCH STREET in Philadelphia, PA is listed for $64,900 ($80 per sqft). Built in 1900, the home offers 812 sqft of living space on a N/A lot.
Decent cash-flow opportunity from this 2BR Strawberry Mansion property. Investment opportunity for those looking to build equity. Currently tenant-occupied at $850/mo with a solid payment history. Tenants are settled and would prefer to stay but there is flexibility lease is currently month-to-month.
Overall the property could would benefit from some sweat equity and cosmetic updates, the bones have seen recent attention, including a newer water heater, forced air heat, some window replacements and an updated electric panel. At this price point, the CAP rate is hard to ignore. Keep the steady cash flow as-is, or renovate over time to maximize market rents and forced appreciation. Ample notice required for all showings.
Key Features
- Built in 1900
Property Details
Monthly Cost Estimate
$347/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2942 FRENCH STREET
Philadelphia, PA 19121
STRAWBERRY MANSION
Property Details
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom multi-family at 2942 FRENCH STREET is listed at $64,900 ($80/sqft). The estimated monthly payment is $281 based on 20% down at 6.5% interest.
Key features include: Built in 1900.
This property is listed by Kevin McGillicuddy and can be reached at 2679685577 or kevin.mcgillicuddy@foxroach.com.
