For Sale Triplex MLS# PAPH2671798

1012-16 BELMONT AVE

PHILADELPHIA, PA 19104

$255,000

brightmls-rsd logo

About 1012-16 BELMONT AVE

Calling all Investors!! Welcome to your next INVESTMENT OPPORTUNITY with the potential to be your next cash flowing property for years and years to come. 1012-16 Belmont Ave has an existing massive triplex consisting of one 3 bedroom/1 bath unit, one 2 bedroom/1 bath unit, and one 1 bedroom/1 bath unit. The existing triplex needs a full renovation to return it to it's peak glory, and once it is fully restored it will generate significant cash flow for the foreseeable future due to it's amazing location in the Mill Creek neighborhood of Philadelphia, located very close to the interstate as well as Fairmount Park.

This property also comes with 2 RM1 lots in which you can maximize the opportunity by building two additional multifamily properties consisting of 2-5 units each. When fully built out, this property as a whole will be a cash cow. DON'T MISS OUT ON THIS OPPORTUNITY as these deals are a rare find.

Property details

Property

Type
Triplex
MLS type
Triplex
Status
Active
Year built
1915
Living area
3,011 sqft
Price / sqft
$85
Lot
0.09
Original price
$255,000
MLS #
PAPH2671798

Interior

Features
true, Baseboard - Electric, Electric, Unfinished
Heating
true, Baseboard - Electric

Exterior & lot

Features
AirLite, Above Grade, Below Grade
Construction
Masonry, Concrete Perimeter
Foundation
Concrete Perimeter
Lot
RM1, 062342700

Schools

District
Philadelphia City School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$5,278
Tax year
2026
Parcel
062342700

Location

Area
19104 (19104)
County
PHILADELPHIA-PA
Neighborhood
Mill Creek
Community
PHILADELPHIA-PA, BRIGHT_MAIN, PHILADELPHIA CITY
Directions
Close to the intersection of Girard Ave and Belmont Ave.

Location

Neighborhood
Mill Creek
School district
Philadelphia City School District

Ask about this property

Questions on 1012-16 BELMONT AVE, PHILADELPHIA, PA 19104, or want to see it in person?

Listed by Jamiel Ahmad Asghar, RE/MAX Select Group

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.