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Key Details
Sold Price $2,240,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,974 sqft
Price per Sqft $563
MLS Listing ID PAPH883588
Sold Date 08/19/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1975
Annual Tax Amount $7,509
Tax Year 2020
Lot Size 1,601 Sqft
Acres 0.04
Lot Dimensions 18.83 x 85.00
Property Description
Don't miss this amazing turn-key, multi-family + bonus lot investment with huge value- add opportunities! This rarely offered property is situated between three of Philadelphia s most desirable neighborhoods -- FISHTOWN, NORTHERN LIBERTIES, and OLDE KENSINGTON. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST. The four buildings have three residential units and one commercial space on the ground floor. The sale also includes a bonus lot that is 1,600 square feet, that's currently being used as gated parking space. These units are currently bringing in $239,580 in gross annual rent, but with minimal investment, they can bring in over $271K. 513 Girard Ave s commercial unit has been recently rehabbed and will be delivered a brand-new vanilla-box, and the restaurant in 517 Girard just signed a 3-year lease. With a good percentage of the apartments already being updated, the recently renovated units feature gorgeous cabinetry, granite countertops, large kitchen sinks, and all necessary appliances. In the bathrooms, you will find modern finishes, including beautiful masonry. All bedrooms have plenty of room, large closets, and lots of natural lighting. Lastly, these units are lined with stunning hardwood floors throughout. The units that have yet to be updated offer the buyer opportunities to add value and raise the rents, increasing overall profit. Please review the offering memorandum for numbers. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST!
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX2
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp, Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871098650
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut