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Key Details
Sold Price $355,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $87
Subdivision Frankford
MLS Listing ID PAPH2118296
Sold Date 07/18/22
Originating Board BRIGHT
Year Built 1934
Annual Tax Amount $1,856
Tax Year 2015
Lot Size 3,516 Sqft
Acres 0.08
Property Description
Calling all turnkey and or value add investors! Legally zoned six unit building consisting of all 1 bedroom and 1 bathroom units is now available! Property features separate utility, 85% occupancy and plenty of room to add value via cosmetic updates and or rents. In addition, it is perfectly situated near an abundance of public transportation, 76 and 95 which will make the commute a breeze. So what are you waiting for? This property could generate as much as $5400 a month which would result in a net of $1290 a month, 9% cap rate and 12%+ cash on cash return but hurry before it's too late!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 232419500
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
Special Listing Condition Standard
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Bought with Jonathan M Cohen • Compass New Jersey, LLC - Moorestown
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