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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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Bought with Deborah E Solo • Solo Real Estate, Inc.
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