Patterson-Schwartz Real Estate3402 Tampa Street, Philadelphia, PA 19134-1230 $80,000
Interior Sq. Ft: 728
Acreage: 0.01
Age:104 years
Style:
Traditional
Subdivision: Kensington
Design/Type:
Interior Row/Townhouse
Description
Portfolio Sale!! This is a portfolio sale featuring two tenant-occupied properties being sold AS-IS for $165,000. 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.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Electric, Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Septic, Public Sewer, 100 Amp Service, No Laundry, Electric Available, Natural Gas Available, Water Available
Garage/Parking
On Street
Interior
Carpet, Ceiling Fan(s), Dining Area, Kitchen - Eat-In, Wood Floors, Full Basement, Unfinished Basement, Carpet Flooring, Wood Flooring, Dry Wall
Exterior
Brick/Mortar Foundation, Masonry
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (131 schools)
Public Middle (27 schools)
Public High (58 schools)
Private (96 schools)
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This report is a detailed community overview for Philadelphia (19134), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 33
- Average salary of people in this community: $35,487
Community Summary
- Population Density (ppl / mile): 16,293
- Household Size (ppl): 3.01
- Households w/ Children: 95%
Housing Inventory
- Owned: 10,809 (45.8%)
- Rented: 9,589 (40.6%)
- Vacant: 3,220 (13.6%)
- Total: 23,618
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.6%
- Some High School: 20.0%
- High School Graduate: 40.4%
- Some College: 12.6%
- Associate Degree: 5.1%
- Bachelor's Degree: 7.4%
- Graduate Degree: 2.8%
Income by dollar range
Median Income: $31,533
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $619
- One Bedroom: $711
- Two Bedroom: $920
- Three Bedroom: $958
- Four Bedroom: $1,140
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-576-6862
Listing Courtesy of: Target Realty , (215) 218-0939, targetrealty@yahoo.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 12/27/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
