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Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,220 sqft
Price per Sqft $717
MLS Listing ID PAPH803694
Sold Date 08/08/19
Style Other
HOA Y/N N
Abv Grd Liv Area 1,220
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $845
Tax Year 2020
Lot Size 1,196 Sqft
Acres 0.03
Lot Dimensions 15.33 x 78.00
Property Sub-Type Other
Property Description
This property is being SOLD ONLY AS PART OF A PACKAGE DEAL that includes 13 single family homes and a multi-family property - all of which are located in Philadelphia. The single-family homes range from 3 bedroom 1 bath to 4 bedroom 1.5 bath. The breakdown is showcased in the attached documentation. This portfolio has 100% occupancy and offers tremendous value with an annual gross income of $161,652.00 with a 9% cap rate. You'll see from the attached proforma that the annual gross income can be substantially increased by converting 6 of the 14 units to PHA rentals and increasing rent on the 3 of the 9 units currently on PHA. All buyers are required to showcase proof of funds/pre-approval to gain access to sample properties to view. MLS # PAPH803404, PAPH803432, PAPH803438 and PAPH803694 are included in this sale and are a representation of the variety of properties included in this portfolio
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Forced Air, Baseboard - Electric, Baseboard - Hot Water
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Parking Features Garage - Front Entry
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage Y
Building
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 232456900
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with James D McAteer • Keller Williams Real Estate - Bensalem