PA > Philadelphia
Philadelphia, PA 19142,6803 WOODLAND AVE
Philadelphia, PA 19142,6803 WOODLAND AVE
Philadelphia, PA 19142,6803 WOODLAND AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$295,000
Est. payment /mo
1,950 SqFt
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UPDATED:

10/26/2024 03:26 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,950 sqft

Price per Sqft $151

MLS Listing ID PAPH2399006

Style Traditional

Abv Grd Liv Area 1,950

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $2,736

Tax Year 2024

Lot Size 2,300 Sqft

Acres 0.05

Lot Dimensions 23.00 x 100.00

Property Description

Welcome to 6803 Woodland Avenue - a legal, renovated triplex in Southwest Philadelphia offering a prime opportunity for passive, hassle-free income. Currently occupied by reliable Section 8 tenants, this property provides stability, guaranteed income, and minimal management efforts—making it the ideal investment. Section 8 allows for rent increases every two years. Two units are due for an increase in November 2024, boosting future cash flow. Tenants pay rent through Buildium, an online property management platform, ensuring consistent, automated payments. The seller provides a list of trusted local maintenance professionals (plumbers, HVAC techs, landscapers, etc.) to ensure smooth ongoing management. The seller is committed to a seamless transition, offering tenant payment history and proof of current Section 8 payments for due diligence. With reliable tenants in place, stable Section 8 income, and recent upgrades, this property offers the perfect opportunity to step into the role of a passive investor. Don’t miss out on this solid investment in a growing market!

Location

State PA

County Philadelphia

Area 19142 (19142)

Zoning RSA3

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 403283700

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michelle A Phillips • Luxe Real Estate LLC
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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