$1,225,000
$1,385,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
5,011 SqFt
SOLD DATE : 11/06/2019
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 5,011 sqft
Price per Sqft $244
Subdivision Francisville
MLS Listing ID PAPH790204
Sold Date 11/06/19
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 5,011
Originating Board BRIGHT
Year Built 2016
Annual Tax Amount $493
Tax Year 2020
Lot Dimensions 18 x 110
Property Description
Located in booming Francisville neighborhood, this is an excellent opportunity to own a turn-key, fully rented building consisting of 5 residential units. Newly constructed in 2016, offering low maintenance costs plus the added benefit of 7 years remaining on the Tax Abatement. All 5 units are metered separately for gas and electric. Each tenant pays own utilities. Monthly income of $8050 plus tenants pay towards the water bill every month. The building was constructed with a modern and contemporary design with hardwood flooring throughout, stainless steel appliances and quartz kitchen countertops. Added Bonus of washer/dryers in each unit. The building features three 2 bedroom & 2 bathroom units, and two 1 bedroom / 1 bathroom units. 1st floor units are bi-level with 2 bedrooms & 2 bathrooms. 2nd floor unit occupies the entire floor and consists of a 2 bedroom & 2 bathrooms. 3rd Floor is comprised of two 1 bedroom & 1 bathroom units with access to their own private balcony. Shared rooftop deck with amazing city views and a rear patio. No monthly condo fees apply as there is 1 owner of the building that manages and maintains the building. This flexibility allows the new owner the option of holding the building as a long-term investment or sell the individual units as condominiums. Located in close proximity to the Broad Street Line and the bustling corridor of Fairmount Ave; including Bar Hygge, Osteria, Fairmount Pizza, Rybread, Telas Market, High Point Cafe, iPHO, Mugshots cafe,Philly Flavors, Fare, Hickory Lane American Bistro, Anytime Fitness,Fine Wine & Spirits, Fairmount Hardware & Fairmount Bicycles. Just moments to the Art Museum, Center City, pharmacies, the post office and grocery stores, nightlife, and entertainment. A walker s paradise of 91, Transit score of 84 and Bike score of 79.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning IRMX
Interior
Interior Features Kitchen - Eat-In, Recessed Lighting, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Equipment Dishwasher, Dryer - Electric, Washer, Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Fireplace N
Appliance Dishwasher, Dryer - Electric, Washer, Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Heat Source Natural Gas
Exterior
Exterior Feature Balcony, Deck(s), Patio(s)
Waterfront N
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Porch Balcony, Deck(s), Patio(s)
Parking Type On Street
Garage N
Building
Lot Description Backs - Open Common Area
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 888154608
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Maria Maria Quattrone Quattrone • RE/MAX @ HOME
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