This is a fully occupied 2-unit multifamily located in the quickly appreciating Kingsessing neighborhood! This is one of the rare investment opportunities in Philadelphia that still has positive cash flows even at the current interest rates. Please review the P&L statement included in the Documents tab of the MLS listing. There is plenty of opportunity for value-add with regard to the cosmetic features of the units, but most of the plumbing, electrical, and mechanicals have already been upgraded for you! This is a great property to add to your investment portfolio.
Listed by Neil P Dessecker
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License #RS325498
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RE/MAX One Realty - TCDT
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2152411156
Last updated May 06, 2025
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Source: BrightMLS #PAPH2459642
Listing Facts
TypeMulti-family
NeighborhoodSouthwest Schuylkill
Days on Prevu172
Taxes$2,348/year
Size1,162 sqft
Price per sqft$119
Amenities
Washer/Dryer
Location
Mortgage Calculator
Listing History
03/22/2025
Listed by RE/MAX One Realty - TCDT
$138,000
Property Details for 1905 S Ithan Street
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Property Condition: Average
Year Built: 1925
Architectural Style: Traditional
Construction Materials: Masonry
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.02
Lot Size Dimensions: 15
Lot Size Source: Assessor
Lot Size Square Feet: 934
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.41
Taxes
Tax Annual Amount: $2,348.00
Tax Year: 2024
Interior
Features
Appliances: Dryer, Washer
Flooring: Wood
Measurements
Living Area: 1,162
Living Area Source: Estimated
Rooms
Basement: Unfinished
Has Basement: Yes
Other
Location
Tax Lot: 132
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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