!!!! West Philadelphia Triplex Off Market Listing !!!!

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!!!! West Philadelphia Triplex Off Market Listing !!!!

Vincent M.Pro Member
Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes

!!!! West Philly Triplex Off Market Listing !!!!

RARE opportunity to own a park view property located near the Please Touch Museum, Mann Center, Japanese House, shopping and more.

Offered at only 259,900

Property:

5122 Parkside Ave

Philadelphia P.A. 19131

-2,610 sqft

-Zoned: RM1

-Property is occupied, can be delivered vacant. Do not disturb tenants, please call for showings.

Unit 1:

-1 Bed 1 Bath

Unit 2:

-2 Bed 1 Bath

Unit 3:

-1 Bed 1 Bath

LInk to pics:

https://drive.google.com/drive/folders/1QZl8n4W6qs...

A buyer's premium of 3% will be added.

Property in need of rehab

This house is being sold in "as-is" condition.

Please perform your own due diligence on building/rehab/ARV.

Call me today to schedule showing

Vincent Minieri

Vanguard Realty Alliance

Cell:484-463-7653

Cell:914-441-9564

Office:484-800-1777

307 N Walnut St

West Chester, P.A. 19380

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Lori Valene
Rental Property Investor · Kent, WA · Member since 2014 · 83 posts · 27 votes
8y

What do you think the ARV will be after rehab. What do you think the rehab cost will be? What are the rents for that area? Thanks

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  • Lori Valene
    Rental Property Investor · Kent, WA · Member since 2014 · 83 posts · 27 votes
    8y

    What do you think the ARV will be after rehab. What do you think the rehab cost will be? What are the rents for that area? Thanks

    3Reply
  • John M.
    Philadelphia, PA · Member since 2017 · 13 posts · 1 vote
    8y

    I would like also to know about your estimation rehab costs, and the rents for this area.   for What do you think the ARV will be after rehab. What do you think the rehab cost will be?

    1Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    The ARV of the property is around 400k, the rehad needed is around 100K, the 1bed 1bath (x2) will rent out around 900 per month each and the 2 bed 1 bath will rent out for around 1250 per month. Durring rehad the top floor 1 bed 1 bath can be converted into a 2bed one bath. If converted total rent will be around 3,400. please let me know if you are interested in taking a look at the property. The park in front of the property is going under renovations, check out this link: http://planphilly.com/uploads/media_items/thenewfairmountpark.original.pdf

    The area has a lot to offer, plus close to city and major transportation.

    I am showing the property tonight 6/18 at 6:30 if anyone is interested in taking a look. 

    0Reply
  • Christine VirataPro Member
    Real Estate Agent · Philadelphia, PA · Member since 2011 · 44 posts · 3 votes
    8y

    HI Vincent,

    Can I view prop this thurs at 545?

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    I am setting up a showing for next week. I am confirming with the owner. He is getting back to me at the beginning of next week. What times and days next week work best for you I will try and set it up. 

    0Reply
  • Christine VirataPro Member
    Real Estate Agent · Philadelphia, PA · Member since 2011 · 44 posts · 3 votes
    8y

    HI Vincent,

    I can view wed, thurs next week

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    OK, I will contact you early next week. Thanks 

    0Reply
  • Zephaniah Okpalanze
    Member since 2018 · 90 posts · 1 vote
    8y

    I have seen your property and I would like to know more about this property.

    [1] What is the exact address?

    [2] is it fully rented?

    [3]What do you exactly get for rent?

    [4 is all the units needed rehab?

    [5] what Is rental income in the area?

    Happy to call you once I get this info, so we are not wasting each others time.

    What would be the best number and email to do so incase I have any more questions,I appreciate you taking the time to answer these important questions

    Best regards thanks

    https://jacksonville.craigslist.org/reo/d/quadplex-and-triplex-deals/6598006491.html

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    Hi Zephaniah

    1) Address is 5122 Parkside Ave Philadelphia P.A. 19131

    2) Fully rented 3,400

    3) tenants pay all utilities

    4) yes

    5) see #2

    best # Cell:914-441-9564

    I am setting up a showing for the property this Thursday 6/28 at 6:30 if you are interested in seeing it. 

    Best 

    Vincent 

    0Reply
  • Zephaniah Okpalanze
    Member since 2018 · 90 posts · 1 vote
    8y

    I have seen your property and I would like to know more about this property

    [1]What do you exactly get for before now?

    [2] are there any repairs needed if so what?

    [3]is there any particular reason for the sale?

    Happy to call you once I get this info, so we are not wasting each others time.

    What would be the best number to do so incase I have any more questions,I appreciate you taking the time to answer these important questions

    Best regards thanks, my name is Zephaniah, my email address is [email protected]

    https://jacksonville.craigslist.org/reo/d/quadplex-and-triplex-deals/6598006491.html

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    1) 600,700,750 now, area pulls much more after renovated. 

    2) Repairs are needed throughout, see link to pics above

    3) moving

    0Reply
  • Lori Valene
    Rental Property Investor · Kent, WA · Member since 2014 · 83 posts · 27 votes
    8y

    I don't understand the price? Everything around it is in the low $100's or lower. Some have more square footage. What is your guess on rehab costs? Are you marketing this as a realtor or wholesaling? 

    0Reply
  • Lori Valene
    Rental Property Investor · Kent, WA · Member since 2014 · 83 posts · 27 votes
    8y

    Do you have comps I can see that justify the price?

    1Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    The area is up and coming. The location being right on the park is what drives the price. On the same block is 5174 Parkside for sale right now at 375,000 4 bed 3 bath 2,480 triplex 1bed 1bath, 1 bed 1 bath, 2bed 1bath. 5122 renovated would have 5beds 2,610 sqft bringing the rent up and arv 2bed 1bath, 2bed 1bath, 1 bed 1 bath. Renovation cost would be determined by what you are looking to do with the property. 

    1Reply
  • Zephaniah Okpalanze
    Member since 2018 · 90 posts · 1 vote
    8y

    i ve seen your property for sale , i have a few question?

    (1)what is the exact address?

    (2) is it fully rented?

    (3) what do you get for rent?

    (4)are there any repairs needed? if so what

    (5) any particular reason for sale?

    happy to call you once i get this info, what would be the best number to call, in case i have more questions

    thanks, best regards.

    0Reply
  • Christine VirataPro Member
    Real Estate Agent · Philadelphia, PA · Member since 2011 · 44 posts · 3 votes
    8y

    Vincent,

    Hope all is well. Is this still available?  Can I please view tomorrow?

    My cell is 215 900 1005.

    Take care.

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    I am setting up a showing for Monday at 6:30. Are you available to see the property then. 

    0Reply
  • Jeremy KaplanPro Member
    Real Estate Broker · Raleigh, NC · Member since 2017 · 18 posts · 7 votes
    8y

    Vincent,

    Is this property still available? Is this an assignment?

    Thanks,

    Jeremy

    0Reply
  • Vincent M.Pro Member
    OP
    Investor · Philadelphia, PA · Member since 2015 · 44 posts · 12 votes
    8y

    the property is still available. I have a showing scheduled for tonight at 6:30 for anyone who is interested. It is not an assignable contact, it’s an off market listing. 

    0Reply
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