Philadelphia, PA 19128,260 ROXBOROUGH AVE
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Philadelphia, PA 19128,260 ROXBOROUGH AVE
Philadelphia, PA 19128,260 ROXBOROUGH AVE
Philadelphia, PA 19128,260 ROXBOROUGH AVE
Philadelphia, PA 19128,260 ROXBOROUGH AVE

$439,900

Est. payment /mo

$439,900

Est.Price: ?

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260 ROXBOROUGH AVE Philadelphia, PA 19128

3 Beds

3 Baths

1,820 SqFt

SOLD DATE : 07/31/2023

Key Details

Sold Price $439,900

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,820 sqft

Price per Sqft $241

Subdivision Manayunk

MLS Listing ID PAPH2228764

Sold Date 07/31/23

Style Traditional

Bedrooms 3

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 1,820

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $3,869

Tax Year 2022

Lot Size 1,720 Sqft

Acres 0.04

Lot Dimensions 17.00 x 101.00

Property Description

Welcome to 260 Roxborough Avenue in Philadelphia, PA! This stunning end row home presents an incredible investment opportunity for discerning buyers. Boasting 3 bedrooms and 3 full bathrooms, this spacious property spans 1,820 square feet, providing ample space for comfortable living.

One of the standout features of this property is the convenience it offers with three dedicated parking spots, ensuring that you and your tenants never have to worry about finding parking in this sought-after neighborhood. The shared driveway with the neighbor adds an extra layer of accessibility and ease.

The current lease agreement in place from May 15, 2023, to May 14, 2025, guarantees a steady rental income of $3,000 per month. This provides an excellent opportunity for investors looking to generate passive income from day one.

Considering the sale price of $439,900, and assuming a 20% expense ratio, the capitalization rate (cap rate) for this property is 6.55%. This cap rate showcases the potential return on investment and the financial viability of this property as an investment option.

Beyond its financial appeal, 260 Roxborough Avenue offers a comfortable and inviting living space. The interior features spacious rooms with ample natural light, creating a warm and welcoming atmosphere. The three full bathrooms ensure convenience for all occupants, and the bedrooms provide ample space for relaxation and privacy.

Located in Philadelphia, this property benefits from its prime location in a vibrant and desirable neighborhood. Enjoy the convenience of nearby amenities, including restaurants, shops, parks, and excellent schools, all within easy reach.

Don't miss out on this exceptional investment opportunity at 260 Roxborough Avenue. With its impressive cap rate, reliable lease agreement, and desirable features, this property is a smart choice for investors seeking long-term financial growth. Contact us today to secure this lucrative investment property and start reaping the rewards of Philadelphia real estate.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RSA5

Rooms

Basement Improved

Main Level Bedrooms 3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Equipment Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Dryer, Dishwasher

Appliance Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Dryer, Dishwasher

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 211101800

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Justin Jarrell James • KW Philly
Bought with William J Sarr • Weichert Realtors

Kevin Heselbach

Associate Broker | License ID: 603734

+1(301) 501-2463

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