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Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $92
Subdivision Tacony
MLS Listing ID 1000429979
Sold Date 09/18/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,160
Originating Board TREND
Year Built 1950
Annual Tax Amount $2,419
Tax Year 2017
Lot Size 2,595 Sqft
Acres 0.06
Lot Dimensions 28X93
Property Description
Investors, here's a great opportunity to earn passive income from day one after settlement! This nice, clean, well-kept and cared-for 3 level property has 3 units; one store on the lower ground level and 2 residential rentals on the above 2 floors, currently all occupied. In a nice corner block setting with stone masonry and brick construction, grass front yard, set back from the street. Convenient access to area shopping centers, dining, social ammenities, I-95, center city, and public transit. Also close to local hospitals, colleges, and schools. The lower level ground floor is occupied by Danna Food Market (formerly "Chickie's Place"), a busy, high-traffic, successful market and sandwich shop and hot and cold foods prepared (business is not for sale), and currently rents at 850 a month. Store owner has an renewed for additional 8-years on his lease, which includes a clause for an additional 50. per month increase every 2 years. Store owner pays electric gas, heat, water. The Second Floor is a nice, carpeted well-lit, tenant occupied 1 bedroom apartment rented at 650./month. It has a spacious Living room, eat-in kitchen, bedroom and 3 piece tile tub shower bath. Tenant pays electric, gas. The Third floor is a very nice, bright carpeted 2-bedroom apartment currently owner occupied, but upon her departure at closing, this could easily lease for 800 a month. Many upgrades have been made during occupancy. It has a living room, lovely modern kitchen and 3 piece tile tub shower bath. Across the street from Vogt Playground and well-positioned in a very highly populated area, you'll have no trouble finding tenants. Water bill is split monthly between all 3 tenants. Good cash on cash return! Also listed as RES MLS #
Location
State PA
County Philadelphia
Area 19135 (19135)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Cooling Wall Unit
Flooring Fully Carpeted, Tile/Brick
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 552334805
Ownership Fee Simple
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Bought with Benjamin Wong • BHHS Fox & Roach-Blue Bell