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Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,276 sqft
Price per Sqft $527
Subdivision Strawberry Mansion
MLS Listing ID PAPH978390
Sold Date 08/13/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $1,359
Tax Year 2021
Lot Size 1,329 Sqft
Acres 0.03
Lot Dimensions 15.50 x 85.75
Property Description
A prime opportunity to own multiple properties in the Strawberry Mansion, Brewerytown and Temple University Areas of North Philadelphia. This package includes 21 units/16 properties with 14 currently leased and 7 vacant. The neighborhoods surrounding the majority of the properties are currently in high development and property values are increasing. Current owners are retiring and no longer interested in keeping their Real Estate business. Rather than sell one by one, they have decided to sell the entire package. All leases are current. These properties are within the Philadelphia Opportunity Zone giving tax advantages to investors and creating a high volume of development in the area. This program has created major changes in the communities affected. We are posting this offer with the intention of keeping open until January 26 at 5pm for final offers to be accepted. All offers must be written as full offers and not letters of intent or verbal offers. Virtual Showings will be arranged on January 19th or 20th. Leases are on file with our office. Income projections are available upon request as well as photos. This package includes the following MLS listings PAPH978238, PAPH978242, PAPH978254, PAPH978264, PAPH978390, PAPH978398, PAPH978402, PAPH978404, PAPH978410, PAPH978412, PAPH978420, PAPH978424, PAPH978430, PAPH978436, PAPH978440, PAPH978446, PAPH978402.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Natural Gas
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 282248200
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Eli Qarkaxhia • Compass RE