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Key Details
Sold Price $991,500
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,342 sqft
Price per Sqft $296
Subdivision Art Museum Area
MLS Listing ID PAPH2037260
Sold Date 02/14/22
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $5,712
Tax Year 2007
Lot Size 1,620 Sqft
Acres 0.04
Property Description
Here you have a well-maintained 4-story, 6 unit apartment building, in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. Monthly Income: $6235, annual Income: $74,820 .and Net Operating Income: $51,597. There is also a parking spot that rents for $150 per month. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning R10
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Wall Unit
Flooring Wood, Fully Carpeted, Tile/Brick
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881581000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Maurice D Cornelius • Philadelphia Realty Exchange
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