3 Beds
1 Bath
1,230 SqFt
3 Beds
1 Bath
1,230 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,230 sqft
Price per Sqft $101
Subdivision Philadelphia (Southwest)
MLS Listing ID PAPH2684534
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,230
Year Built 1920
Annual Tax Amount $1,952
Tax Year 2026
Lot Size 1,688 Sqft
Acres 0.04
Lot Dimensions 15X112
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
5829 is a 3-bedroom, 1-bath, 1,230 sq ft row home with a full basement. It is vacant and ready for a light rehab. The walls, windows, doors and bath are in place. Add a kitchen and new flooring and it is ready to rent. You choose the tenant and set the rent. 5844 is already leased at $1,530 a month through March 31, 2027, so the package produces income from day one.
The numbers work. With 5829 rehabbed and leased at a projected $1,500 a month, the pair brings in about $36,360 a year in gross rent. That is a 6.9x gross rent multiplier and a 14.5% gross yield. After 5% vacancy, taxes, insurance and a maintenance reserve, projected NOI is about $25,000. That is roughly a 10% cap rate on $250,000. Finance it with 25% down at 7.25% over 30 years and you are looking at about $800 a month in cash flow and a cash-on-cash return near 13.8%. Even with professional management, it pencils at about an 8.9% cap rate and a 9.9% cash-on-cash return.
This is where the upside is. You are buying at about $102 per sq ft. Finish 5829 and you build equity from the start. The Bellwether District redevelopment is bringing new jobs to South and Southwest Philadelphia. SEPTA is rolling out a new trolley fleet. University City's universities and hospitals are a short ride away. Buy now and hold as the area grows.
Two matching homes on one street means one contractor, one insurance policy, one closing and simple management. A clean add to a growing portfolio, or a strong first step for a new investor.
Projections are estimates, not guarantees. They assume tenant-paid utilities, 2026 real estate taxes and 3% closing costs, and they do not include rehab costs for 5829. Buyer to verify all figures.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 2
Foundation Slab
Above Ground Finished SqFt 1230
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 034062300
Ownership Fee Simple
SqFt Source 1230
Special Listing Condition Standard
Schools and Properties Nearby
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