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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $217
MLS Listing ID PAPH2304288
Sold Date 01/26/24
Style Unit/Flat
Abv Grd Liv Area 2,066
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,626
Tax Year 2022
Lot Size 1,716 Sqft
Acres 0.04
Lot Dimensions 19.00 x 93.00
Property Description
Wonderful multi-unit investment opportunity in a great area with only upside. It’s currently used as five units, but legally zoned as four units. The property is dated throughout with many long-term and low paying tenants. This is a great opportunity to improve the value and increase the income. Four of the apartments have 1 bed and 1 bath, one is a studio. The first-floor unit is a former storefront with a private entrance. A shared entry leads to two units on each of the upper floors. All units are currently occupied except the 2nd-floor front and are verbal leases. The utilities are as follows; 4 separate gas hot water tanks, 2nd floor front and 1st floor front share one hot water heater (owner pays gas), baseboard steam heating, 1 gas boiler for all units, 2nd floor front has an electric stove, 4 electrical panels and 4 gas meters. This building is located in a sought-after neighborhood, earning a Walk Score of 94! It's only a few blocks from The University of Penn, Drexel University, and Penn Presbyterian Medical Center. Popular restaurants, local shops, and sprawling parks are nearby along 40th St, Baltimore Ave, and 52nd St. Plus, there's easy access to public transit, 30th St Station, I-76, and Delaware County. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 461001900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Melissa Knights Munaco • Compass RE