$435,000
$465,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
1,274 Sqft Lot
SOLD DATE : 07/28/2023
Key Details
Sold Price $435,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH2208836
Sold Date 07/28/23
Originating Board BRIGHT
Year Built 1920
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 CMX25
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Laminated, Tile/Brick, Vinyl
Heat Source Electric
Exterior
Waterfront N
Water Access N
View City
Roof Type Rubber
Accessibility None
Road Frontage City/County
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
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
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Todd M Miller • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "