$550,000
$575,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
2,646 Sqft Lot
SOLD DATE : 05/31/2019
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH507940
Sold Date 05/31/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1904
Annual Tax Amount $3,246
Tax Year 2018
Lot Size 2,646 Sqft
Acres 0.06
Property Description
FULLY OCCUPIED and LEGAL, by right 5 plex. This is a building you need to have in your portfolio. Whether you're a seasoned investor or someone looking start your portfolio, this place is a winner on many levels. ALL the hardwork has been done for you. Every unit has been rehabbed and reworked to maximize living space and profit potential. The GIANT first floor 2 bedroom units would make a perfect owners suite, while the 2nd and 3rd levels contain the additional (4) one bedroom units. Each of which has had it's heat, electric and hot water meticulously updated and separated; which makes renting a breeze and cuts down on all kinds of headaches. Every one of these sought after and easy to rent units are bright, fresh, and waiting to be leased to whomever you see fit. You can fill this building in any way you want. NO issues right from the start. Enjoy cash flow and ridiculous appreciation upside potential as the Universities, hospitals and students continue to push south. Easy to show, Easy to buy.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 511262200
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Neil P Dessecker • RE/MAX One Realty
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”