1221 WAGNER AVENUE, Philadelphia, PA 19141

$239,000 Asking Price

6 beds
2 baths
3,024  sqft
Built in 1940

Investment Property with Reliable Income! Huge 6 bed 2 full bath home with a basement, fully occupied, on a large corner lot. Oversized porch, fireplace and big bedrooms upstairs. Updated 200 amp electric, gas water heater, radiator oil heat. The property is currently leased to a professional property management company that manages over 20 properties. They guarantee a monthly rental income of $1,800 ($21,600 annually) and handle all utilities, maintenance, and repairs, with the landlord covering material costs only, as necessary. The management company also oversees subleasing, offering the owner a dependable, hands-off income stream. Property is being sold in as-is condition and Buyer is responsible for all municipal certifications. This property can also be purchased as part of a 3 property portfolio package including 3539 N Marvine St, Philadelphia and 5129 N 10th St, Philadelphia which is producing a combined $69,600 annually. The asking price for all 3 properties is $600,000.

Features & Amenities

Interior

General:
Kitchen - Eat-In
Rooms:
Living Room,Dining Room,Bedroom 2,Bedroom 3,Bedroom 4,Kitchen,Bedroom 1,Laundry,Storage Room,Half Bath
Laundry:
Lower Floor,Basement
Basement:
Partial
Flooring:
Wood
A/C:
Wall Unit
Heating:
Y, Radiant, Oil
Disability Feature:
None

Exterior

General:
Sidewalks,Street Lights, Above Grade,Below Grade
Style:
Colonial

Construction

Roofing:
Flat
General:
Masonry, 2, Concrete Perimeter

Location

Originating MLS:
BRIGHT_MAIN
School District:
PHILADELPHIA CITY
County:
PHILADELPHIA

Lot

Zoning:
RSA3, 493022900
Fencing:
Other
Current Use:
H30

Utilities

Utilities:
Cable TV
Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN
Exclusions:
Tenant's possessions

This listing courtesy of:
Keller Williams Realty - Moorestown, Austin Cennimo

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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