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Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $270
MLS Listing ID PAPH2564812
Style Other
Abv Grd Liv Area 1,200
Year Built 1935
Annual Tax Amount $1,893
Tax Year 2025
Lot Size 1,020 Sqft
Acres 0.02
Lot Dimensions 15.00 x 68.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
A rare opportunity awaits on Margaret Street in Philadelphia! This sale includes three parcels sold together (Parcel IDs: 885305060, 232163500, 232163600), creating an ideal investment for both seasoned landlords and portfolio builders.
2047 Margaret Street is a vacant lot, offering potential for future development, expansion, parking, or additional outdoor space to complement the existing rentals.
2049 & 2051 Margaret Street feature two multi-unit buildings with a combined five fully tenant-occupied units. Each unit offers 1 bedroom and 1 bathroom, and all are currently rented at $700/month, producing a steady $3,500/month in rental income from day one.
Located just moments from I-95, the property offers easy access to Center City Philadelphia, the Philadelphia International Airport, New Jersey, and more. Public transportation is conveniently available right at the corner of the street, adding to the appeal for tenants and future development possibilities.
This is an ideal opportunity for investors seeking immediate cash flow with the added benefit of a vacant lot for potential expansion. Don't miss the chance to secure a versatile and income-producing portfolio on Margaret Street.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 1200
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 232163500
Ownership Fee Simple
SqFt Source 1200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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