$650,000
$650,000
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2,795 SqFt
SOLD DATE : 05/04/2018
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,795 sqft
Price per Sqft $232
Subdivision Walnut Hill
MLS Listing ID 1000336722
Sold Date 05/04/18
Style Other
HOA Y/N N
Abv Grd Liv Area 2,795
Originating Board TREND
Year Built 1925
Annual Tax Amount $2,542
Tax Year 2018
Lot Size 1,890 Sqft
Acres 0.04
Lot Dimensions 16X115
Property Description
This incredible, income-producing property has just undergone an extensive renovation and is ready for new ownership. This large, Walnut Hill property has just been transformed (legally) into a four-unit residence, ready to provide years and years of steady revenue. Of the total four units, one is a studio, one is a two bedroom and two bathroom and the remaining two units have two bedrooms and one bathroom each. Featured prominently are hardwood floors, recessed lighting, neutral paint and crisp white trim. Each kitchen has durable granite countertops, stone backsplashes, ample cabinetry, and stainless steel appliances, including a microwave and a dishwasher (no dishwasher in studio unit). Each bathroom is kept bright with neutral ceramic tiling and contemporary fixtures. Every unit contains dedicated laundry facilities and energy-efficient mini split systems for both heating and cooling. The front of the property has a large yard and a classic stone exterior. The backyard features a deck and a parking spot (rented with one of the units). Mere blocks from the Market-Frankford El (7-minute ride to City Hall), bus lines on Baltimore Ave, Clark Park, UPenn, Drexel and USciences, this property will rent consistently for years to come. Tenants have recently been secured for three of the four units as follows: Studio rented for $750/month, 2BR/2BA and parking rented for $1550/month, 2BR/1BA rented for $1250/month. The final 2BR/1BA is actively being marketed and should be rented shortly. The property has a ten year tax abatement. Leases will be available for the review period as stipulated by the AOS.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Electric
Heating Other
Cooling Energy Star Cooling System
Flooring Wood, Tile/Brick
Fireplace N
Heat Source Other
Laundry Washer In Unit, Dryer In Unit
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
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 601041500
Ownership Fee Simple
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Bought with Katrina N Mink • BHHS Fox & Roach Rittenhouse Office at Walnut St
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