1204-1206 E Palmer St, Philadelphia, PA, 19125

1204-1206 E Palmer St, Philadelphia, PA, 19125 < >
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for sale
$1,300,000
Lot Size:0.04 Acres
Year Built:2016
Status:Active
MLS #:PAPH995628
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Reconstructed from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 4 years remaining on the tax abatement these two properties are sure to cash flow! Currently vacant, the bi-level commercial space at 1204 is an easy move in for any local satellite office or small business creative space. This commercial space was previously rented out at $1,375. Two studios can be found just above on floors two and three, each with their own dishwasher, washer/dryer, central AC and smart video alert system. With leases ending this summer, jump on the chance to live in one of the studios and rent out the rest of the property and maximize your investment return! 1206 has two, 2 bedroom residential units very similar in design with in unit laundry, dishwasher, a smart video alert system and beautiful hard wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Both residential units at 1206 are currently occupied and are bringing in a combined income of $2,820. The commercial space at 1206 is a large bi-level office, currently being rented out month to month for $1,660. Spanning just over 4,000 square feet, these two triplexes really are a smart investment opportunity in the heart of Fishtown. Don’t miss your opportunity to make your investment dreams come true!
Interior Details
Architectural Style: ContemporaryBasement Type: Full, Fully Finished
Elevators Count: 0Living Area SQFT: 4127

Exterior Details
Lot Size Acres: 0.04Lot SQFT: 1758.00
Navigable Water YN: N

Community Information
County: PHILADELPHIACross Street: Girard Ave.
MLS Area: 19125 (19125)One Bedroom Units Count: 0
Single Room Units Count: 2Subdivision Name: FISHTOWN
Zoning: CMX2

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: NoneNew Construction YN: N
Property Sub Type: TriplexYear Built: 2016

Utilities
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: CentralHot Water: Electric
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
Co List Agent Full Name: Melissa Rose LeGaspi
List Agent Full Name: Jeanne A Whipple
List Office Name: Elfant Wissahickon Realtors

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Monthly Payment for 1204-1206 E Palmer St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,300,000
Down Payment:
Loan Amount:$1,040,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Jeanne A Whipple, Elfant Wissahickon Realtors

Information obtained from Bright MLS is current as of 4/14/2021 12:15 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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