M
Seller's Agent in 2023
Moshe Adika
TCS Management, LLC
(267) 210-3080
13 in this area
226 Total Sales
5686 Magnolia St Philadelphia, PA 19144
East Germantown NeighborhoodEstimated Value: $120,000 - $173,994
4
Beds
1
Bath
1,300
Sq Ft
$110/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- Forced Air Heating System
- Oak Street Elementary School Rated A
- 1 Car Attached Garage
- 5-minute walk to Waterview Recreation Center
About This Home
As of October 2023This exceptional investment opportunity in Philadelphia features a package of five income-producing properties, each currently occupied by Section 8 tenants. These properties offer both immediate cash flow and long-term potential for growth. Additionally, for those looking for flexibility, there's the option to purchase these properties individually.
1. **210 W Albanus St, 19120**
- Monthly Rent: $1,150
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $720
2. **1673 Pratt St, 19124**
- Monthly Rent: $1,299
- Bedrooms: 4
- Bathrooms: 1
- PHA Payment: $513
3. **5686 Magnolia St, 19144**
- Monthly Rent: $1,350
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $1,121
4. **5947 Wister St, 19138**
- Monthly Rent: $1,332
- Bedrooms: 3
- Bathrooms: 1
- PHA Payment: $702
5. **4689 N 16th St**
- Monthly Rent: $1,194
- Bedrooms: 5
- Bathrooms: 2
- PHA Payment: $1,094
- **Immediate Cash Flow:** With all properties currently occupied by Section 8 tenants, you can start earning rental income from day one.
- **Stability and Predictability:** Section 8 tenants provide stable rental income with predictable payments from the Philadelphia Housing Authority (PHA).
- **Flexibility:** In addition to the package deal, each property is available for individual purchase, giving you the flexibility to tailor your investment strategy.
- **Diverse Portfolio:** This package includes a mix of property sizes and locations, adding diversity to your investment portfolio.
- **Potential for Value Appreciation:** As the properties are located in various neighborhoods, there is the potential for long-term value appreciation.
Don't miss out on this remarkable opportunity to acquire a portfolio of Section 8-occupied properties in Philadelphia. Whether you're an experienced investor looking to expand your portfolio or someone interested in starting their real estate investment journey, this package offers the ideal combination of cash flow and growth potential. Contact us today for more information or to schedule a viewing of these investment properties.
Last Agent to Sell the Property
(267) 210-3080 moshe@tcsmgt.com TCS Management, LLC License #2333829 Listed on: 09/21/2023
Last Buyer's Agent
(267) 210-3080 moshe@tcsmgt.com TCS Management, LLC License #2333829 Listed on: 09/21/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,553
Year Built
- Built in 1965
Lot Details
- 1,571 Sq Ft Lot
- Lot Dimensions are 20.00 x 79.00
Parking
- 1 Car Attached Garage
- Basement Garage
Home Design
- Traditional Architecture
- Masonry
Interior Spaces
- 1,300 Sq Ft Home
- Property has 2 Levels
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
- Public Hookup Available For Sewer
Community Details
- No Home Owners Association
- Germantown Subdivision
Listing and Financial Details
- Tax Lot 60
- Assessor Parcel Number 122194500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2023
Closed on
Oct 30, 2023
Sold by
Renew Ph Llc
Bought by
All Reversible Llc
Seller's Agent
Moshe Adika
TCS Management, LLC
Buyer's Agent
Moshe Adika
TCS Management, LLC
List Price
$105,000
Sold Price
$110,000
Premium/Discount to List
$5,000
4.76%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,749
Avg. Annual Appreciation
13.35%
Original Mortgage
$88,000
Outstanding Balance
$86,213
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$56,536
Purchase Details
Listed on
Jul 27, 2019
Closed on
Dec 23, 2019
Sold by
Green Homes Real Estate Lp
Bought by
Renew Ph Llc
Seller's Agent
Michael Cohen
KW Empower
Buyer's Agent
Michael Cohen
KW Empower
List Price
$84,000
Sold Price
$55,000
Premium/Discount to List
-$29,000
-34.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.73%
Purchase Details
Closed on
Feb 28, 2006
Sold by
Harris Cynthia
Bought by
Green Homes Real Estate Lp
Purchase Details
Closed on
May 14, 2004
Sold by
Blueline Investment Group
Bought by
Harris Cynthia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 16, 2004
Sold by
Washington Mutual Bank Fa
Bought by
Blueline Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| All Reversible Llc | $110,000 | None Listed On Document | |
| Renew Ph Llc | $55,000 | Surety Abstract Services Llc | |
| Green Homes Real Estate Lp | $26,744 | None Available | |
| Harris Cynthia | $65,000 | -- | |
| Blueline Investments Llc | $16,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | All Reversible Llc | $88,000 | |
| Previous Owner | Harris Cynthia | $52,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/27/2023 10/27/23 | Sold | $110,000 | +4.8% | $85 / Sq Ft | |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- | |
| 09/21/2023 09/21/23 | For Sale | $105,000 | +90.9% | $81 / Sq Ft | |
| 12/23/2019 12/23/19 | Sold | $55,000 | -29.0% | $42 / Sq Ft | View Prior Sale |
| 11/27/2019 11/27/19 | Pending | -- | -- | -- | |
| 11/09/2019 11/09/19 | Price Changed | $77,500 | -3.0% | $60 / Sq Ft | |
| 09/24/2019 09/24/19 | Price Changed | $79,900 | -4.9% | $61 / Sq Ft | |
| 07/27/2019 07/27/19 | For Sale | $84,000 | -- | $65 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,554 | $148,000 | $29,600 | $118,400 |
| 2025 | $1,554 | $148,000 | $29,600 | $118,400 |
| 2024 | $1,554 | $148,000 | $29,600 | $118,400 |
| 2023 | $1,554 | $111,000 | $22,200 | $88,800 |
| 2022 | $424 | $111,000 | $22,200 | $88,800 |
| 2021 | $424 | $0 | $0 | $0 |
| 2020 | $424 | $0 | $0 | $0 |
| 2019 | $444 | $0 | $0 | $0 |
| 2018 | $764 | $0 | $0 | $0 |
| 2017 | $764 | $0 | $0 | $0 |
| 2016 | $764 | $0 | $0 | $0 |
| 2015 | $5,335 | $0 | $0 | $0 |
| 2014 | -- | $54,600 | $8,643 | $45,957 |
| 2012 | -- | $8,480 | $2,117 | $6,363 |
Source: Public Records
Agents Affiliated with this Home
-
Moshe Adika
-
Michael Cohen
Seller's Agent in 2019
Michael Cohen
KW Empower
(610) 331-7213
30 in this area
846 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2280574
APN: 122194500
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