$325,000
$325,000
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3,420 SqFt
SOLD DATE : 02/16/2023
Key Details
Sold Price $325,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $95
Subdivision Parkside
MLS Listing ID PAPH2176222
Sold Date 02/16/23
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,206
Tax Year 2021
Lot Size 2,107 Sqft
Acres 0.05
Lot Dimensions 20.00 x 105.33
Property Description
Large five-unit apartment building with four units that are currently rented or rent ready. The upstairs 2nd and 3rd floors consist of four one-bedroom units. Apartment 3R has recently been upgraded with new kitchen cabinets and granite tile countertops its currently rented at $820 per month market rent for this unit is $895. Apartment 2R has been freshly painted other upgrades include newer appliances and new flooring currently rented for $850 per month. Apartment 2F is currently vacant needs work possible rent of $895 per month. Apartment 3F is rented at $895 per month also to a long-term tenant as well. Both units market rents should $950 per month, all tenants in the building are current on their rent. The first-floor unit is a vacant two-bedroom apartment with a yard which needs work. Many consider Parkside to be the next area that will see large appreciation in Real Estate values. With all units rented this building has a great potential cash flow of over $58,000 yearly. The building is being sold in as is condition the owner will not make any concessions for repairs or renovations. Cash or hard money deals only, owner is a licensed Pennsylvania Real Estate Broker
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Flooring Carpet, Laminated, Wood
Heat Source Electric
Exterior
Water Access N
Roof Type Asphalt,Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881819600
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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