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3402 TAMPA STREET, Philadelphia, PA 19134
$89,900 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
1
bath
728
sqft
Built in
1920
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.
Features & Amenities
Interior
- General:
- Carpet,Ceiling Fan(s),Dining Area,Kitchen - Eat-In,Bathroom - Tub Shower,Wood Floors
- Appliances:
- Water Heater,Stove,Refrigerator
- Laundry:
- None
- Basement:
- Unfinished,Full
- Flooring:
- Carpet,Wood
- A/C:
- Window Unit(s)
- Heating:
- Y, Baseboard - Electric, Electric
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Traditional
Construction
- Roofing:
- Unknown
- General:
- Masonry, 2, Brick/Mortar
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- THE SCHOOL DISTRICT OF PHILADELPHIA
- County:
- PHILADELPHIA
Lot
- Zoning:
- RSA5, 331262900
- Current Use:
- O30
Utilities
- Utilities:
- Electric Available,Natural Gas Available,Water Available, 100 Amp Service
- Water:
- Public
- Sewer:
- Public Sewer,Public Septic
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- Tenants' Personal Belongings
This listing courtesy of:
Target Realty, Xianghong Lin
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Philadelphia, PA
Housing
- Number of Units
- 705,993
- Median Home Value
- $212,331
- Median Rent
- $993
47.83% of housing units are renter occupied.
9.77% are vacant.
Commute
- Car
-
48.32%
- Public Transportation
-
19.12%
- Walk to Work
-
6.40%
- Work from Home
-
23.29%
- Other
-
1.20%
The median travel time to work is 28 minutes.
People
- Population
- 1,564,304
- Median Age
- 36.10
- Median Household Size
- 2.55
Education
- High School
-
31.51%
- Associate’s Degree
-
5.70%
- Bachelor’s Degree
-
18.90%
- Graduate Degree
-
14.16%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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