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Key Details
Sold Price $357,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,632 sqft
Price per Sqft $135
Subdivision Lawncrest
MLS Listing ID PAPH908274
Sold Date 09/30/20
Style Other
HOA Y/N N
Abv Grd Liv Area 2,632
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $3,681
Tax Year 2020
Lot Size 4,500 Sqft
Acres 0.1
Lot Dimensions 50.00 x 90.00
Property Description
Attention Investors! Amazing new price for this exceptional opportunity to own a fully rented four unit building on a quiet residential street in a solid Philly neighborhood! This handsome brick, 2 story single structure features four charming one bedroom, one bathroom apartments with 2 separate entrances, all boasting hardwood floors (some have carpet over them) ceramic tile bathrooms, natural light, mostly new windows, ceiling fans and more! There is also a large, flat and lush backyard for tenants to enjoy. PLEASE NOTE: 2 OF THE 4 UNITS JUST RECEIVED RENT INCREASES AS OF 7/1/20 . This fully rented cash cow grosses over $36,000 per year and has minimal owner expenses. Three out of four unit are now paying $750/mo and newest lease is paying $800 (projected rent is $800/mo for 3 others next year). It has all separate utilities except water, and all of the heaters, electrical services, hot water heaters have been updated. The two basements have exits to the backyard and are very clean and offer common laundry areas and plenty of storage space. Current owners say it's been a breeze finding tenants, as this property is on a quiet residential street just blocks from Tookany Creek Park, borders Montco, and is just a few short blocks to regional rail line. Would work extremely well as an owner occupied whereby your mortgage is paid for you by other units! This is an incredible opportunity with a great return on investment and is truly TURN KEY!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Front Yard, Level, Rear Yard, SideYard(s)
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 353186720
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Petraq Budo • Re/Max One Realty