For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,385 sqft
Price per Sqft $167
Subdivision Brewerytown
MLS Listing ID PAPH2371608
Sold Date 11/13/24
Style Unit/Flat
Abv Grd Liv Area 2,385
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $7,670
Tax Year 2024
Lot Size 1,073 Sqft
Acres 0.02
Lot Dimensions 15.00 x 70.00
Property Description
Fantastic opportunity available now in BOOMING Brewerytown to acquire a turnkey multi unit property. Perfect fit for the savvy investor looking to add to their portfolio, or for the first time landlord beginning their journey to generational wealth. This building consists of three 2 bedroom, 1 bath units that were fully renovated in 2020. All units feature hardwood flooring, modern kitchens with granite countertops and newer stainless steel appliances, recessed lighting, ceiling fans, and freshly painted throughout. All three units have modern three piece tile baths.
UNIT 1: Currently leased, $1095.00 per mth, lease expires 5/31/25
UNIT 2: Currently leased, $1195.00 per mth, lease expires 4/30/25
UNIT 3: Vacant
***Currently listed for rent $1195.00 per mth
***Property is tenant occupied, please allow 24 hours notice for showings.
***UPDATE AS OF 8/13/24*** The owner filed a property tax appeal with the City of Philadelphia and the appeal was approved. The current assessment is $548,000 and will be reduced to $426,600 for 2025, a reduction in the property assessment of ***$121,600.00*** This should result in a significant reduction for the 2025 property taxes. Appeal approval letter is available to view in documents.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Outside Entrance
Interior
Hot Water Natural Gas
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 324007000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Neil Galauski • KW Empower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "