301 W Ruscomb St, Philadelphia, PA 19120

$394,999
2,016
SqFt

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List Price
$394,999
Price Change
▼ $1 1785171419
Days on Market
7
Status
ACTIVE
MLS#
PAPH2651002
Living Area
2,016
Lot Size (Acres)
0.04
Style
Other
Year Built
1930
County
Philadelphia
School District
Philadelphia City

Property Description

Exceptional Investment Opportunity – Three Vacant Units + Massive Garage/Warehouse Space! Welcome to 301 W. Ruscomb, a truly unique income-producing property offering exceptional flexibility for investors and owner-occupants alike. With all three residential units currently vacant, this property provides the rare opportunity to set your own rents, select your own tenants, or occupy one unit while generating income from the others. The property features three residential units plus an oversized attached garage/warehouse with space for 10+ vehicles, creating an additional income opportunity or the perfect setup for a contractor, auto enthusiast, small business, storage facility, or workshop. Recent renovations include new windows, new kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning. Separate utility meters for each unit make management simple and efficient, while low property taxes help maximize your return. Projected Rental Income: First Floor: 2-bedroom, 1-bath unit – estimated $1,250/month Second Floor: 2-bedroom, 1-bath unit – estimated $1,250/month Studio Unit: Studio with full bath – estimated $900/month Oversized Garage/Warehouse: Estimated rental income of approximately $1,500/month (with potential for higher income depending on use) Estimated Total Monthly Income: Approximately $4,900/month. The oversized garage/warehouse is a standout feature that offers endless possibilities, whether leased separately for vehicle storage, warehouse space, contractor use, or other business purposes. Opportunities like this are hard to find. Whether you're seeking a strong cash-flowing investment, a value-add opportunity, or a property with multiple income streams and future appreciation potential, 301 W. Ruscomb is ready for its next owner. With all units vacant, you can begin generating income immediately on your own terms. Schedule your private showing today!

Additional Information

Area
19120 (19120)
Subdivision
Olney
Taxes
$2865
School District
Philadelphia City
Garage
Yes
Garage Spaces
10
Heating
90% Forced Air
Heating Fuel
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public Sewer
Basement
Yes

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Devon-Wayne. Contact: 6106478300