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Key Details
Sold Price $435,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $211
Subdivision Olde Kensington
MLS Listing ID PAPH2208330
Sold Date 07/28/23
Style Other
Abv Grd Liv Area 2,054
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $2,207
Tax Year 2023
Lot Size 1,274 Sqft
Acres 0.03
Lot Dimensions 16.00 x 72.00
Property Description
The perfect investment for potential owner occupant, business owner and/or investor seeking cash flow.
This building was remodeled in 2019 where washer/dryer were added, every bathroom, kitchen and flooring were updated. The benefit of a building in this LOCATION and CONDITION is that the tenants stay long term and if vacant, relatively easy to lease.
The property currently grosses $4,175/month ($50,100/year) with low expenses.
Taxes are absolutely low at $2,207/year. Drive by and see for yourself that Olde Kensington is booming with tons of new and exciting developments that will bring so much upside value in the years to come. Live in 1 unit for free and rent out the others to pay 100% of mortgage. Buyer is responsible for verifying lot size, egress/ingress, taxes, zoning, and permitted/non-permitted use.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2.5
Rooms
Basement Outside Entrance, Interior Access
Interior
Hot Water Electric
Heating Wall Unit
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
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 871099450
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Todd M Miller • Coldwell Banker Realty
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327