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Key Details
Sold Price $1,373,600
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Lawndale
MLS Listing ID 1003642123
Sold Date 01/16/17
HOA Y/N N
Originating Board TREND
Year Built 1970
Annual Tax Amount $18,717
Tax Year 2016
Lot Size 0.556 Acres
Acres 0.55
Lot Dimensions 173 X140
Property Description
Tremendous Investment Opportunity in convenient location, 5 Apt Buildings being sold together, 26 Total Units, Sale includes 6318,6320,6322 and 6324 Bingham St which are set up as 4 unit apartment buildings with basement storage and laundry rooms and 6326 Bingham St which is a 10 unit apartment building with basement storage and laundry. All 1 Bedroom apartments, Tenants pay electric, Owner pays heat, hot water, and cooking gas. New electric panels in all buildings in 2015, newer paved driveways & parking lots, coin operated laundry, separate storage locker for each tenant, Property has been well maintained by long time owner, Rents are below market for area and there is much upside potential for this building. Gross annual income includes 2 vacant units at $650/month rent. RE Taxes for 2016 of $18,717 is for all 5 parcels.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Wood, Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Flat
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Other, Fire Alarm
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 353268105,353268110,353268115,353268120,881130475
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Nick Huynh • Nick's Real Estate
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