UPDATED:
11/21/2024 02:12 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,162 sqft
Price per Sqft $404
MLS Listing ID PAPH2422150
Style Side-by-Side
Abv Grd Liv Area 2,162
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,172
Tax Year 2023
Lot Size 1,005 Sqft
Acres 0.02
Lot Dimensions 15.00 x 67.00
Property Description
For sale, cash flowing LEGAL triplexes with variance for additional commercial unit bringing in total rents of $3,590 ($43,080 annual) with an estimated cap rate of 7.1%. Each building has the same layout with a four-bedroom & 2-bath unit, and (two) two-bedroom one-bathroom units. All separate utilities except water and includes in unit washer/dryers. Fire alarm monitoring in place paid to June 2024 and tax abatement for remainder of year. Buildings may be purchased together as a package or separate. Property was rebuilt from the ground up in 2013 including new electrical, plumbing, french drain, HVAC, windows, etc. Both of the commercial units are on the smaller end and were built as required by zoning. Currently used as storage for the owners but were rented in the past as a small office/ art studio. All leases are in place until May-July 2024. One lease ending 7/25/23 which will be marketed soon. 48 hours? notice required to not bother the tenants. One of the partners is a licensed PA realtor.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Central
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321065505
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
