$950,000
$950,000
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3,576 SqFt
SOLD DATE : 12/09/2024
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,576 sqft
Price per Sqft $265
MLS Listing ID PAPH2293930
Sold Date 12/09/24
Style Contemporary,Other
Abv Grd Liv Area 3,576
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $11,941
Tax Year 2024
Lot Size 1,300 Sqft
Acres 0.03
Lot Dimensions 20.00 x 65.00
Property Description
PRICE REDUCTION! Invest in the heart of Northern Liberties & Fishtown with this exceptional real estate opportunity! Currently, all residential units are rented at $2,350 / $2,325 a month significantly below the prevailing market rates, offering turnkey stability with an upside with under market rents. This meticulously maintained mixed-use property boasts a prime location, offering substantial potential for increased income, and is easy to rent. The significant completed repairs include a new sewer line, basement water proofing with new sub-pump, and new rubber roofing. The ground floor features a bi-level commercial retail space housing a busy hair salon. Tenant is currently paying $3,990 monthly with annual rental increases of 4% for the next two years and has a three-year extension option. The Commercial Tenant is responsible for Snow/Ice Removal in front of the building. Above the retail space, the second floor presents a welcoming residential unit with two bedrooms and one bathroom with a private balcony. Ascending to the third floor, you’ll find another residential unit, that resides a long term tenant also with two bedrooms and one bathroom. This unit distinguishes itself with a spacious roof- deck and an additional balcony that grants breathtaking views of Center City. Throughout all units, the property showcases hardwood floors and elegant picture frame molding with open concept kitchens including stainless steel appliances, granite countertops, and custom-tiled kitchen backsplashes and bathrooms. Each unit also features in-unit washer/dryer and a central monitoring alarm system. This Turn-Key Property is characterized by its ease of maintenance, beautiful unit layouts, and excellent location making it an attractive proposition for both long-term investors and owner-occupants. Additionally, the location grants easy access to major thoroughfares such as I-95 and 676.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871290050
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Thomas Varughese • Emmanuel Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "