$235,000
$210,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
1,922 SqFt
SOLD DATE : 08/13/2020
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,922 sqft
Price per Sqft $122
Subdivision Belmont
MLS Listing ID PAPH903282
Sold Date 08/13/20
Style AirLite
HOA Y/N N
Abv Grd Liv Area 1,922
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,027
Tax Year 2020
Lot Size 1,180 Sqft
Acres 0.03
Lot Dimensions 15.33 x 75.00
Property Description
13% cap rate triplex investment property - the work here has been done for you!If you are looking for a stable investment opportunity, with major upside potential - this is it!Fully Renovated - TURN KEY - Stable Cash flowing 3 unit rental property. Just blocks away from the Philadelphia zoo, and University City - rapidly appreciating area - look it up! This property has been fully renovated, and was professionally managed - will be delivered vacant with fresh renovated units ready to go! Owner is moving out of town, and looking to liquidate.There is a Storefront. 3 bedroom unit, and large studio with small outdoor space (was renting for $1,000, $950, and $600 respectively before renovation). This investment property was grossing over $30,000 per year for landlord (and this was before the renovation - should bring in more now). Low Expenses as well ( total fixed expenses = approx. $3500 for taxes and insurance - tenants pay utilities!)Net operating income approximately $27,000 / 210,000 purchase price = 13% cap rate!!!Seller is willing to finance a portion of the sale.Feel free to contact with any questions, or to set up a viewing!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX-2
Rooms
Basement Outside Entrance
Interior
Interior Features Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Studio
Hot Water Multi-tank
Heating Central, Forced Air
Cooling Window Unit(s)
Window Features Energy Efficient
Heat Source Natural Gas
Exterior
Exterior Feature Enclosed, Patio(s)
Water Access N
Accessibility None
Porch Enclosed, Patio(s)
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Blankenburg Rudolph
High Schools Overbrook
School District The School District Of Philadelphia
Others
Tax ID 871069150
Ownership Fee Simple
SqFt Source Assessor
Security Features Surveillance Sys
Acceptable Financing Cash, Seller Financing, Private, Negotiable, Conventional
Listing Terms Cash, Seller Financing, Private, Negotiable, Conventional
Financing Cash,Seller Financing,Private,Negotiable,Conventional
Special Listing Condition Standard
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Bought with Mendel Lipsker • Springer Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "