$880,000
$950,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2,694 SqFt
SOLD DATE : 07/02/2019
Key Details
Sold Price $880,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,694 sqft
Price per Sqft $326
Subdivision Washington Sq West
MLS Listing ID PAPH786402
Sold Date 07/02/19
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 2,694
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,560
Tax Year 2019
Lot Size 1,025 Sqft
Acres 0.02
Lot Dimensions 16.66 x 61.50
Property Description
Incredible opportunity to purchase a blue chip investment multi-unit property in the heart of Jefferson Hospital Campus and Washington Square West! This mixed use property is zoned CMX1 and offers tremendous upside and value add through cosmetic updating and increasing the drastically low rents. The first floor is a commercial unit that was recently vacated and is waiting for you to update and bring in a fantastic new commercial tenant. The 2nd floor is a 1 bed/1 bath with hardwood flooring, all electric appliances, including washer/dryer in-unit. Unit 2 is rented at only $1250/mo with the current tenant leaving at the end of May. Unit 3 is a bi-level 1 bed/1.5 bath apartment with hardwood flooring, all electric appliances including washer and dryer. It is currently rented at only $1,050/mo until the end of August. This property is in the middle of it all! Don't miss out on the opportunity to update this property and increase both rents and value! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX1
Rooms
Basement Full, Unfinished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871063400
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Carrie S Waterman • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "