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Key Details
Sold Price $580,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,365 sqft
Price per Sqft $172
Subdivision Oxford Circle
MLS Listing ID PAPH2035718
Sold Date 11/26/21
Style Other
Abv Grd Liv Area 3,365
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $3,411
Tax Year 2021
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 30.41 x 100.00
Property Description
**Call Showing Time Appt Center to Show. 48 hours notice required** Have you ever wanted to own your own apartment building? This well maintained 6 unit building is an excellent investment. You wont find too many like this on the market. Five 1BR Bedroom units and 1 Efficiency unit. Two of the 6 units have private exterior entrances. All are separately metered for electric and gas. Tons of street parking and beautiful open fields directly across the street. Currently brings in $52,980 annually (property is managed by owner) with $9550 in expenses. Currently a 7.24% Cap rate at $599,900. With market rents, this building can operate at a 8.15% Cap! All tenants are paying. No past due rent as of 9/2021.
Updates: several of the heaters and hot water heaters are new and each Kitchen was renovated approx. 5 years ago. All refrigerators and stoves included (as-is condition). The fire alarm system was updated approx 4 years ago.
This property is in walking distance of several schools, parks and recreation centers, and supermarkets. A variety of public transportation options (including Market Frankford Line to Center City) and I-95, Route 1 and the bridges to NJ are all in close proximity. Contact Showing Time to schedule appointments. 48 hours notice.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning ZONING FOR 6 UNITS
Interior
Hot Water Natural Gas
Heating Forced Air, Baseboard - Electric
Cooling None
Flooring Wood
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Brick/Mortar
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 881129350
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 Artur Santos • Premier Real Estate Inc