3281 RED LION RD, Philadelphia, PA 19114
3281 RED LION RD, Philadelphia, PA 19114
3281 RED LION RD, Philadelphia, PA 19114
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Listed by Daniel Kim • Keller Williams Main Line
$450,000
Est. payment /mo
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1,116 SqFt
Active

3281 RED LION RD Philadelphia, PA 19114

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,116 sqft

Price per Sqft $403

Subdivision Morrell Park

MLS Listing ID PAPH2665064

Style Unit/Flat

Abv Grd Liv Area 1,116

Year Built 1974

Annual Tax Amount $5,452

Tax Year 2026

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 20.00 x 141.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Now offering 3281 Red Lion Road: a duplex w/ a unit mix of two (2) 2bd/1ba units, w/ Unit 1 currently occupied by a long-term tenant paying $1,550/month (their lease ends in February) and Unit 2, which has just been leased for $1,700/month on a 12 month term (started 9/27/26). Unit 2 features in-unit washer and dryer, and a private outdoor balcony. Fully rehabbed just a year ago and move-in ready, the apartment boasts a stylish kitchen with granite countertops, brand-new stainless steel appliances, and white shaker cabinets. Enjoy all-new luxury vinyl plank flooring, recessed LED lighting, and two evenly sized bedrooms. Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access. Right out front, there are two (2) dedicated parking spots- one for each unit. Using "back of the napkin" underwriting, if you conservatively set aside 25% of your gross income to cover expenses, this building is operating at a 6.5% cap rate. Schedule your tour today!

Location

State PA

County Philadelphia

Area 19114 (19114)

Zoning RSA-4

Interior

Hot Water 60+ Gallon Tank

Heating Central

Cooling Central A/C

Inclusions Appliances in as-is condition.

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 2.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 2

Garage N

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 1116

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 662258355

Ownership Fee Simple

SqFt Source 1116

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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3281 RED LION RD