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$ 265,000
$ 285,000 7.0%
2,145 SqFt
$ 265,000
$ 285,000 7.0%
2,145 SqFt
Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,145 sqft
Price per Sqft $123
Subdivision Frankford
MLS Listing ID PAPH2406646
Sold Date 12/20/24
Style AirLite
Abv Grd Liv Area 2,145
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $2,791
Tax Year 2024
Lot Size 2,464 Sqft
Acres 0.06
Lot Dimensions 30.00 x 82.00
Property Description
Unit 1 is accessible from the right side of the building near the driveway. It boasts one bedroom and one bath, with a washer/dryer for added convenience. Unit 1 tenant has been there for 8 years and pays $1045/month. Unit 2 is an efficiency and includes one bath, electric range, and a refrigerator. Tenant pays $775 for a 6 month lease ending May 2025. Unit 3 is a one bedroom with a separate room presently used by the Seller as a 'music studio' and accessible via the 2nd floor hallway, making it feel almost like two separate spaces. The landlord currently subsidizes the 3rd floor tenant's rent by renting the music room from him for $300. Unit 3 Rent would be $900 and tenant has been there for 10 years. This property is fully occupied and offers tremendous opportunity for value add. Total gross monthly rent is $2720. Calculate this great cap rate and bring your offer!
Only 1 block away from public transportation make commuting easy for you and your tenants. Schedule your showing today.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Rooms
Basement Full, Sump Pump
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Refrigerator
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
View Garden/Lawn
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 232208200
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
Bought with Christopher V Wagenhoffer • Philadelphia Area Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "