7032 Paschall Ave Philadelphia, PA 19142

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Duplex
• Structure Type: End Of Row/Townhouse
• New Construction: No
• Expected On Market: 2024-08-23
• Year Built: 1915
• Automatically Close On Close Date: No
• Remarks Public: Live-In Investment Opportunity with Incredible Earning Potential Unlock the potential of real estate investment with this stunning, modern duplex in the 19142 Philadelphia area. This versatile property is ideal for live-in investors or seasoned landlords ready to expand their portfolio. With one unit currently rented to a reliable tenant, you’ll benefit from immediate income on day one! Features: Unit 1 (2 Floors): 3 Bedrooms, 1.5 Baths Unit 2 (1 Floor): 3 Bedrooms, 1 Bath Renovations with Modern Amenities: all-new appliances (washer, dryer, refrigerator, stove), high-end laminate floors, modern doors, hardware, and fixtures. Upgraded kitchens with tall cabinets, quartz countertops, and workstation sinks with LED-lit faucets. New bathrooms boast tiled finishes, touchless smart toilets with built-in bidets, LED-lit mirror medicine cabinets with defog and sockets, plus multi-functional shower panels with display screens. Investment Highlights: Projected Rent Income: $3,500/month or $42,000/year Mortgage Savings for Live-In Investor: With an estimated mortgage of $2,000 per month, a live-in investor could offset around $1,700 monthly by renting one unit. Alternatively, rent out both units and enjoy a potential monthly profit of $1,500! Tax Benefits: With an LLC structure, landlord investors could benefit from significant tax advantages, such as write-offs for repairs, depreciation, and mortgage interest. Potential ROI in 2 Years: With rental income and rising property values in Philadelphia, this property is a sound investment that could deliver returns in as little as two years—or sooner with the right mortgage plan. New Developments Nearby: The neighborhood is growing, with developments like a new Amazon Hub just blocks away and a condominium project in progress, adding value and appeal to the area. Family-Friendly and Convenient: A charter school within walking distance and a nearby church make this a prime rental area for families. Close to Major Transportation: Only 10 minutes from Philadelphia International Airport, with public transportation just a block away for convenient city access. Key Benefits for Buyers: Live-In Investor Option: Live in one unit and let the rent from the other offset your mortgage while you build equity over time. Immediate Income Stream: The property has a reliable, long-term tenant currently paying competitive rent, creating an instant cash flow. High-Growth Area: Philadelphia home prices have been steadily increasing, making this property an excellent wealth-building asset with substantial appreciation potential. Perfect for New Investors! This low-risk, high-reward property is perfect for first-time investors who want to kickstart their portfolio with minimal hassle and a clear path to financial growth. Secure this duplex today to start building wealth in one of Philadelphia’s most promising neighborhoods. THE NUMBERS SPEAK FOR THEMSELVES!! Monthly Income and Expenses: Rental Income: $3,500 per month Mortgage (PITI - Principal, Interest, Taxes, Insurance): $2,000 per month Net Income: $3,500 - $2,000 = $1,500 per month Annual Cash Flow: Monthly Net Income: $1,500 Annual Net Income: $1,500 x 12 = $18,000 Initial Investment: Down Payment: $65,000 (on a sales price of $325,000) ROI Calculation: ROI=(Annual Net Income/Initial Investment)×100 Let’s plug in the numbers: ROI=(18,000 / 65,000)×100 The ROI on this property is approximately 27.69% based on the annual net income and initial investment. This is a strong return, especially for a rental property. -8%–12% ROI: Typically considered good for rental properties, especially in stable markets. This range usually accounts for average rental property returns after expenses. -15%–20%+ ROI: Considered excellent for rental properties. Achieving this range often involves buying undervalued properties, making improvements, or investing in high-demand rental markets. Property can be delivered vacant Book your showing!
• Special Features: None

Interior Features

• Fireplace: No
• Foundation Details: Brick/Mortar
• Basement: Yes
• Total Sq Ft: 1763
• Living Area Sq Ft: 1763
• Price Per Sq Ft: 170.16
• Above Grade Finished Sq Ft: 1763
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 7032

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Masonry
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Heating: Yes
• Sewer/Septic System: Public Sewer
• Water Source: Public

Schools

• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• School District Key: 300200397108
• School District Source: Listing Agent

Lot Info

• Land Use Code: G50
• Lot Dimensions: 31.00 x 110.00
• Year Assessed: 2025
• Zoning: RSA3

Rental Info

• Vacation Rental: No

Tax Info

• School Tax: 1801.00
• Tax Annual Amount: 3216.00
• Assessor Parcel Number: 403324900
• Tax Lot: 27
• Tax Total Finished Sq Ft: 1763
• Tax Data Updated: No
• Tax Year: 2025
• Close Date: 04/02/2025

MLS Schools

• School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA