YOU’VE HEARD OF THE TINY HOUSE MOVEMENT? They invented that in Philadelphia a couple of centuries ago. The compact ‘trinity houses’ of the late 18th and 19th centuries are now much-coveted for their coziness, charm, and economy. And a dollhouse can be quite livable for 1 or 2, once you get used to the stairs.
This c.1830 trinity, set off the street behind a larger row house, is new to market and very well-priced. It’s in Queen Village, one of the city’s quietest and most attractive neighborhoods. I happen to own a building just around the corner from this one, so I know the area well.
There are actually four floors of usable space: kitchen/dining on the basement level; a living room with fireplace on the ground level; a hall, ‘dressing room,’ and full bath (with fireplace!) on the 2nd floor; and a large open bedroom with a sloping ceiling at the top of the house, for a grand total of about 600 square feet.
The taxes are $1,300/year. For the official listing, go here. To learn more about Philadelphia trinities, click here and here.
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January 24, 2013 at 9:46 am
Rachelle
How much do you think this little home would rent for? Think it’s a good start as an investment property? Thanks Rachelle
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January 24, 2013 at 9:56 am
cara
Hi Rachelle, thanks for commenting. Maybe $1100-1200/month? With tenants paying heat and utilities. Let’s say you paid full price and borrowed the entire amount of 200K at 5% (though obviously you would need some cash for a down payment). The monthly payment would be just under $1100, so it would be a break-even situation in the beginning. The rent will go up in years to come, and the building will appreciate, so yes, I think it’s a fine, solid, though not instantly profitable investment.
January 24, 2013 at 11:08 am
Julia Mack
Looks like 4 floors of pure design potential!
January 24, 2013 at 11:09 am
Cher Vick
Wow, those taxes are awesome. That is one of the reasons its taken Newburgh so long to get a movement like this one. There are a few neighborhoods that have gorgeous rows of dollhouses like this one. This one look so quaint. A perfect starter home or a home for someone with a small family. Thanks for sharing.