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Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,355 sqft
Price per Sqft $250
Subdivision Kensington
MLS Listing ID PAPH1019366
Sold Date 07/16/21
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 3,355
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $8,249
Tax Year 2021
Lot Size 1,904 Sqft
Acres 0.04
Lot Dimensions 19.03 x 100.07
Property Description
Calling all investors! If youve been searching for your next asset, this legally zoned multi-unit on the beautiful block of Fairmount Ave in Northern Liberties is exactly what youve been waiting for. 517 Fairmount has four well maintained and recently updated apartments that are fully rented and ready to be taken over.The first floor unit features a large, open living space with one bedroom, one very large bathroom, a full eat in kitchen and beautiful private outdoor space. On the second floor are two separate one bedroom, one bath units. The rear unit features its own private deck off the bedroom, and the front unit has a new kitchen. The third floor unit is a two bedroom bi-level apartment with tons of natural light, original details throughout and one bath. Current rent roll for the building is $5550, which is about $700 below the current rental market value in this area. Conveniently located within close proximity to center city and perfect for rentals to Temple students. This property is also steps away from neighborhood favorites like Honeys, Cafe LaMaude, North Third, Liberty Lands Park and the shops at Schmidts Commons (formallyThePiazza). With positive cash flow on day one, this property is perfect for the savvy investor, or someone looking for an entire portfolio under one roof !
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 056148400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Philippe Daouphars • KW Philly