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Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH995414
Sold Date 04/15/21
Style Contemporary
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $265
Tax Year 2020
Lot Size 824 Sqft
Acres 0.02
Lot Dimensions 14.20 x 58.00
Property Description
Brand New Construction: 435 West Berks Street. Multi-family property in OLD KENSINGTON with an excellent walk and transit score. Residents will be able to travel within walking distance to the Berks MFL Station, local bars and restaurants; making it easy to navigate in and around the city. This new construction building has (2) two bedrooms units. Each unit will feature a beautifully equipped kitchen with spacious cabinetry, stainless steel appliances and quartz countertops. The living areas and bedrooms boast wood flooring all throughout. All bedrooms provide plenty of natural sunlight. Don't miss this income generating opportunity; with current low interest rates, this bargain will not last long! Ideal property for anyone looking to live in one unit and generate income form the second unit. 7% cap rate with NOI of $40,000.00. Unit #1 (projected rent: $1800/month) 2 bedroom / 1.5 bathroom w/ private backyard. Unit #2 (projected rent: $2100/month) 2 bedroom / 2.5 bathroom w/ private rooftop **12 unit apartment complex is scheduled (near future) to begin construction in the adjacent lot** **10 Year Tax Abatement Approved**
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 183187900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jennifer L Geddes • KW Philly