Philadelphia, PA 19123,1005 N 6TH ST
Philadelphia, PA 19123,1005 N 6TH ST
Philadelphia, PA 19123,1005 N 6TH ST
$860,000
Est. payment /mo
$899,990
4.4%
Est.Price: ?

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3,456 SqFt
SOLD DATE : 04/05/2024

Key Details

Sold Price $860,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $248

MLS Listing ID PAPH2310248

Sold Date 04/05/24

Style Other

Abv Grd Liv Area 3,456

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $10,448

Tax Year 2024

Lot Size 2,214 Sqft

Acres 0.05

Lot Dimensions 26.00 x 84.00

Property Description

Wow! Amazing investment opportunity in a prime Northern Liberties location. This 4-unit property is a great investment property or could be a slam dunk for an owner occupant. Live in one unit and have the tenants pay your mortgage! ** SELLER is offering a RATE BUYDOWN option for a limited time, with specific offer terms. For example you could possibly save as much as $1,100/mo on your mortgage for year 1 and $600+/mo in year 2. Inquiry for more details. **
The property is 100% occupied and has been since being purchased. The massive property boasts 4 units, spanning 4 stories plus the unfinished basement. There are 3 one-bedroom units and 1 three-bedroom unit that covers 2 floors. Only a half block from Girard Ave makes this location key for public transportation, shopping, entertainment and all of the conveniences of city living.
Unit 1: $1550/mo, lease expires 10/31/24. Unit 2: $1155/mo, lease expires 6/30/24. Unit 3: $1390/mo, lease expires 7/31/24. Unit 4: $2245/mo, lease expires 7/31/24.
The owner pays for water and common area electric/gas. The rest of the utilities are separated by unit and paid by the tenants. The basement is unfinished and provides storage space as well as houses 2 sets of coin operated washer and dryer. Income from washer and dryer: $70/mo.
Turn over has been infrequent and the units have been filled easily due to the spacious layout and great location. The building has been well maintained with continual updates, including a long term roof that has an anticipated 30 year life span remaining, so operating costs are controlled.
This is a great opportunity, in a prime location, to own a turnkey investment property.

Location

State PA

County Philadelphia

Area 19123 (19123)

Zoning RSA5

Rooms

Basement Full, Unfinished

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Flooring Fully Carpeted, Tile/Brick, Wood

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 057159800

Ownership Fee Simple

SqFt Source Assessor

Security Features Security Gate

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jennifer L Geddes • KW Empower
Bought with Deborah E Solo • Solo Real Estate, Inc.

Get More Information

Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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