About This Home
This 0-bedroom, 0-bathroom multi-family at 301 W RUSCOMB Street in Philadelphia, PA is listed for $395,000 ($196 per sqft). Built in 1930, the home offers 2,016 sqft of living space on a 0.04 acres lot.
Key Features
- Built in 1930
- 0.04 acre lot
- 10 parking spaces
Property Details
Amenities
Exceptional Investment Opportunity - Three Vacant Units + Massive Garage/Warehouse Space! Welcome to 301 W. Ruscomb, a truly unique income-producing property offering exceptional flexibility for investors and owner-occupants alike. With all three residential units currently vacant, this property provides the rare opportunity to set your own rents, select your own tenants, or occupy one unit while generating income from the others.
The property features three residential units plus an oversized attached garage/warehouse with space for 10+ vehicles, creating an additional income opportunity or the perfect setup for a contractor, auto enthusiast, small business, storage facility, or workshop.
Recent renovations include new windows, new kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning. Separate utility meters for each unit make management simple and efficient, while low property taxes help maximize your return.
Projected Rental Income: First Floor: 2-bedroom, 1-bath unit - estimated $1,250/month Second Floor: 2-bedroom, 1-bath unit - estimated $1,250/month Studio Unit: Studio with full bath - estimated $900/month Oversized Garage/Warehouse: Estimated rental income of approximately $1,500/month (with potential for higher income depending on use) Estimated Total Monthly Income: Approximately $4,900/month.
The oversized garage/warehouse is a standout feature that offers endless possibilities, whether leased separately for vehicle storage, warehouse space, contractor use, or other business purposes. Opportunities like this are hard to find. Whether you're seeking a strong cash-flowing investment, a value-add opportunity, or a property with multiple income streams and future appreciation potential, 301 W.
Ruscomb is ready for its next owner. With all units vacant, you can begin generating income immediately on your own terms. Schedule your private showing today!
Monthly Cost Estimate
$2,113/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
301 W RUSCOMB Street
Philadelphia, PA 19120
OLNEY
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 301 W RUSCOMB Street is listed at $395,000 ($196/sqft). The estimated monthly payment is $2,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.04 acre lot, 10 parking spaces.
This property is listed by Alexander Taggart Penn and can be reached at 6109377122.