Philadelphia, PA 19128,465-69 CINNAMINSON ST
Philadelphia, PA 19128,465-69 CINNAMINSON ST
Philadelphia, PA 19128,465-69 CINNAMINSON ST
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Claude Shacklett

Claude Shacklett

Lifetime Client Group with Keller Williams Flagship of Maryland

+1(240) 444-3271
$625,000
Est. payment /mo
2,585 SqFt
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UPDATED:

02/18/2025 01:01 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,585 sqft

Price per Sqft $241

MLS Listing ID PAPH2441816

Style Other

Abv Grd Liv Area 2,585

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $8,048

Tax Year 2024

Lot Size 8,785 Sqft

Acres 0.2

Lot Dimensions 65.00 x 135.00

Property Sub-Type Twin/Semi-Detached

Property Description

This property in Roxborough is an attractive investment opportunity, particularly for builders or investors looking to capitalize on under-market rental rates and additional land for development. Here are some key points based on the description provided:

Location: Roxborough (specific address not provided)
Type: Duplex
Units:
1st Floor:
2 bedrooms
1 bathroom
Monthly rent: $800 (below market value)
2nd Floor:
3 bedrooms
2 bathrooms
Monthly rent: $1800
Renovated
Additional Feature: Extra lots, suggesting potential for expansion or additional development.

Investment Considerations:
Rental Income: Currently, the property generates $2,600 per month in rent. If the first-floor unit's rent were adjusted to market rates, this could potentially increase.
Renovation and Upgrades: The second floor has already been renovated, which might attract higher-quality tenants or justify higher rent. The condition of the first floor could be a focus for future improvements.
Development Potential: With extra lots, there's room for further investment like building additional units or expanding the existing structure, subject to zoning laws and permits.

Next Steps:
Viewing: It's recommended to make an appointment to inspect the property in person to assess the condition, potential renovation needs, and to better understand the neighborhood.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Lot Description Level, Rear Yard, SideYard(s)

Foundation Slab

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 212328100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Christopher V Wagenhoffer • Philadelphia Area Realty

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agent

Claude Shacklett

+1(240) 444-3271

Realtor® | License ID: 510472

Realtor® License ID: 510472

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