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Map
$415,000
●
Multifamily -
In Contract
42 E HAINES ST
PHILADELPHIA, PA 19144
Studio
0 Bath
$2,038
Estimated Monthly
About This Property
Calling all first time homebuyers and investors! Come explore this
perfect combination of family living and prime investment in
historic Germantown! A fully renovated duplex- the first unit
having 3 bedrooms, 2 full bathrooms and a huge private yard and the
second unit having 4 bedrooms with 2 full bathrooms- awaits you
right off of Germantown Ave! Nestled in a rare and expansive lot of
approximately 3500 sq ft, this property offers ample space for its
new owners as well as a great investment opportunity. And
best of all, it offers ALL BRAND NEW mechanics- roof, HVAC systems,
water heaters, electrical wiring and separate electric panels,
plumbing, windows, appliances- all new updates to give you peace of
mind and a lifetime of worry-free ownership!
In addition to the new mechanics, as you step inside the property, you will discover a world of modern comfort and convenience. New vinyl flooring with a lifetime warranty from the manufacture offers both style and durability, while the addition of laundry facilities in each unit adds practicality to everyday life. The renovated kitchens boast sleek stainless steel appliances, while updated bathrooms feature modern hardware and fixtures, creating spaces that are as functional as they are stylish. A new roof, gutters, flashing, stucco, and windows not only enhance curb appeal but also promise durability and energy efficiency, making this home as resilient as it is beautiful.
Both units are separately metered, offering convenience and easy management of utility costs. With certified appraisers projecting fair market rents at $1850 for Unit 1 and $1800 for Unit 2, this property can generate an estimated gross annual income of $43,800. Additionally, utilizing depreciation write-offs for 27.5 years provides a powerful tax strategy, ensuring unbeatable ROI regardless of market conditions. Beyond being a property, this duplex is a financial fortress and an ideal home for a buyer searching for passive income. Live in one unit and rent out the other to cover your mortgage and watch as your investment grows.
This property sits across the street from a new apartment complex of 350 units in the works, signifying a neighborhood transformation of epic proportions! Enjoy easy access to Lincoln Drive, Chestnut Hill, and Center City within minutes, surrounded by a vibrant array of amenities including cafes, restaurants, bars, parks, and supermarkets that Germantown has to offer. Schedule your showing today!
In addition to the new mechanics, as you step inside the property, you will discover a world of modern comfort and convenience. New vinyl flooring with a lifetime warranty from the manufacture offers both style and durability, while the addition of laundry facilities in each unit adds practicality to everyday life. The renovated kitchens boast sleek stainless steel appliances, while updated bathrooms feature modern hardware and fixtures, creating spaces that are as functional as they are stylish. A new roof, gutters, flashing, stucco, and windows not only enhance curb appeal but also promise durability and energy efficiency, making this home as resilient as it is beautiful.
Both units are separately metered, offering convenience and easy management of utility costs. With certified appraisers projecting fair market rents at $1850 for Unit 1 and $1800 for Unit 2, this property can generate an estimated gross annual income of $43,800. Additionally, utilizing depreciation write-offs for 27.5 years provides a powerful tax strategy, ensuring unbeatable ROI regardless of market conditions. Beyond being a property, this duplex is a financial fortress and an ideal home for a buyer searching for passive income. Live in one unit and rent out the other to cover your mortgage and watch as your investment grows.
This property sits across the street from a new apartment complex of 350 units in the works, signifying a neighborhood transformation of epic proportions! Enjoy easy access to Lincoln Drive, Chestnut Hill, and Center City within minutes, surrounded by a vibrant array of amenities including cafes, restaurants, bars, parks, and supermarkets that Germantown has to offer. Schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$105
HOA Dues
-
Year Built
1900
Listed By
Last updated: 6 days ago (Bright MLS #PAPH2348174)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 9, 2024 | In contract | - | |
In contract | |||
May 23, 2024 | Price Decreased |
$415,000
↓ $10K
(2.4%)
|
|
Price Decreased | |||
May 16, 2024 | Listed by KW Empower | $425,000 | |
Listed by KW Empower | |||
Nov 30, 2023 | Sold | $95,000 | |
Sold | |||
May 29, 1986 | Sold to Juliet T Sawyer | $9,000 | |
Sold to Juliet T Sawyer |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Basement Information
Has Basement
Partially Finished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Brick/Mortar
Other Structures: Above Grade, Below Grade
Structure Type: Twin/Semi-Detached
Construction Materials: Stone
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 18.00 x 184.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $89,800
Financial Details
City Town Tax: $567
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $89,800
Tax Year: 2023
Tax Annual Amount: $1,257
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Hot Water
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
5
Beds
3
Baths
2,119 ft²
$186/ft²
$395,000
Oct 31, 2022
$395,000
Apr 19, 2023
-
Sold
House
5
Beds
3
Baths
2,200 ft²
$193/ft²
$425,000
Feb 24, 2023
$425,000
Apr 21, 2023
-
House
8
Beds
5
Baths
5,000 ft²
$71/ft²
$356,000
Sep 12, 2013
$356,000
Nov 1, 2013
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
42 East Haines Street
42 East Haines Street, Philadelphia, PA 19144
- 1 Unit for Sale