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1614 N 2ND Street

PHILADELPHIA, PA 19122
  • $899,999
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: PAPH2455984
New On Site 5 Days Ago
UPDATED: 71 min ago
$899,999
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,838
    SQFT
  • $317
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

Welcome to this exceptional triplex located in the vibrant neighborhood of Olde Kensington! This fully renovated property, completed in 2016, boasts beautiful hardwood floors throughout and has been meticulously maintained. With a proven track record of success, it has experienced only one month of vacancy for one unit since renovations were completed, making it a fantastic investment opportunity.This triplex consists of three well-appointed units, all featuring spacious layouts designed for comfort and convenience:- **Apartment 1:** $2,145/month - A charming 2-bedroom, 1-bathroom unit with an inviting garden area, perfect for outdoor relaxation.- **Apartment 2:** $1,978/month - Another delightful 2-bedroom, 1-bathroom unit featuring a private deck, ideal for enjoying morning coffee or evening sunsets.- **Apartment 3:** $1,627/month - This cozy 2-bedroom, 1-bathroom unit also offers a deck, providing additional outdoor space for tenants.With gross annual rents totaling **$69,000**, this triplex presents a solid income stream. The building benefits from separate gas and electric meters as well as independent HVAC systems for each unit, allowing for enhanced tenant satisfaction and reduced operational costs.Situated on a quiet block amidst an impressive array of new construction developments, this property attracts amazing tenants who appreciate the charm of the neighborhood. The outdoor patios provide a wonderful space for tenants to unwind and enjoy the surrounding community.Dont miss your chance to own this remarkable triplex in a thriving area with strong rental demand. It requires no repairs or updates"simply take over and start enjoying the benefits of this outstanding investment! For inquiries or to schedule a viewing, please contact us today!

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-03-17T09:53:17.437.
www.execuhome.com/homes/161340012
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1614 N 2ND Street PHILADELPHIA, PA 19122

  • Price: $899,999
  • Status: Active
  • On Site: 5 Days
  • Updated: 71 min ago
  • ID#: PAPH2455984
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,838
SQFT
$317
$/SQFT
1915
Built
Neighborhood:
Olde Kensington
County:
Philadelphia
Area:
19122 (19122)
School District:
Philadelphia City
Property Description
Welcome to this exceptional triplex located in the vibrant neighborhood of Olde Kensington! This fully renovated property, completed in 2016, boasts beautiful hardwood floors throughout and has been meticulously maintained. With a proven track record of success, it has experienced only one month of vacancy for one unit since renovations were completed, making it a fantastic investment opportunity.This triplex consists of three well-appointed units, all featuring spacious layouts designed for comfort and convenience:- **Apartment 1:** $2,145/month - A charming 2-bedroom, 1-bathroom unit with an inviting garden area, perfect for outdoor relaxation.- **Apartment 2:** $1,978/month - Another delightful 2-bedroom, 1-bathroom unit featuring a private deck, ideal for enjoying morning coffee or evening sunsets.- **Apartment 3:** $1,627/month - This cozy 2-bedroom, 1-bathroom unit also offers a deck, providing additional outdoor space for tenants.With gross annual rents totaling **$69,000**, this triplex presents a solid income stream. The building benefits from separate gas and electric meters as well as independent HVAC systems for each unit, allowing for enhanced tenant satisfaction and reduced operational costs.Situated on a quiet block amidst an impressive array of new construction developments, this property attracts amazing tenants who appreciate the charm of the neighborhood. The outdoor patios provide a wonderful space for tenants to unwind and enjoy the surrounding community.Dont miss your chance to own this remarkable triplex in a thriving area with strong rental demand. It requires no repairs or updates"simply take over and start enjoying the benefits of this outstanding investment! For inquiries or to schedule a viewing, please contact us today!
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Property Condition ExcellentVery Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2838 Below Grade Finished Area 0 Below Grade Unfinished Area 900 Cooling Central A/C Fireplace YN No Heating Hot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3

Property Features

Acceptable Financing CashConventionalVAUSDA Accessibility Features None Central Air YN Yes Cooling Fuel Natural Gas Existing Lease Type Yearly Foundation Details Concrete PerimeterBrick/Mortar Gross Income 69000.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 803685396374 Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 8905.00 Tax Lot 194 Total Actual Rent 69000.00 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning RSA5 Zoning Description Rsa5 3 unit rental license

Listing courtesy of Tesla Realty Group, LLC: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-03-17T09:53:17.437.
 
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