$248,000
$245,999
0.8%For more information regarding the value of a property, please contact us for a free consultation.
2,556 SqFt
SOLD DATE : 08/03/2020
Key Details
Sold Price $248,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,556 sqft
Price per Sqft $97
Subdivision Brewerytown
MLS Listing ID PAPH907764
Sold Date 08/03/20
Style Other
HOA Y/N N
Abv Grd Liv Area 1,956
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,662
Tax Year 2020
Lot Size 1,889 Sqft
Acres 0.04
Lot Dimensions 56.33 x 70.88
Property Description
Calling all investors, RARE mixed use quad in turnkey condition and located in a rapidly developing market now available! Asset features two 1 bedroom units, one 2 bedroom unit, a stable store front and produces the following; One of the 1 bedroom units is on an annual lease for $700 a month, the storefront is on a 5 year lease for $1,000 a month, the 2 bedroom unit is owner occupied and the other one bedroom unit is vacant. Projected rents for the vacant 1 bedroom and owner occupied 2 bedroom is $725 and $900 respectfully. THATS A 12%+ CAP RATE! In addition, property also sits on a good block and is located just north of Brewerytown and south of Manayunk where there is a TON of development taking place which means you can expect an abundance of appreciation in addition to the exceptional cash flow. If that's not enough though, its also close to all major/public transportation, Fairmount park and minutes from center city! So what are you waiting for? Hurry and schedule your appointment today before its too late!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX1
Rooms
Basement Poured Concrete
Interior
Interior Features Carpet, Combination Kitchen/Living, Combination Kitchen/Dining, Combination Dining/Living, Efficiency, Floor Plan - Open, Stall Shower
Hot Water Electric, Natural Gas
Cooling None
Flooring Carpet, Laminated
Equipment Stove, Refrigerator, Microwave
Fireplace N
Appliance Stove, Refrigerator, Microwave
Heat Source Electric
Exterior
Utilities Available Natural Gas Available
Waterfront N
Water Access N
View Park/Greenbelt
Roof Type Flat
Accessibility None
Parking Type Off Street
Garage N
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871145000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, FHA 203(k)
Listing Terms Cash, Conventional, FHA, FHA 203(k)
Financing Cash,Conventional,FHA,FHA 203(k)
Special Listing Condition Standard
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Bought with Dylan Manni • KW Philly
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "