$348,000
$359,900
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1,800 SqFt
SOLD DATE : 03/14/2024
Key Details
Sold Price $348,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $193
MLS Listing ID PAPH2222640
Sold Date 03/14/24
Style Traditional
Abv Grd Liv Area 1,800
Originating Board BRIGHT
Year Built 1953
Annual Tax Amount $4,167
Tax Year 2023
Lot Size 3,736 Sqft
Acres 0.09
Lot Dimensions 32.00 x 118.00
Property Description
Great opportunity for either an owner occupant or investor! Major Announcement from Fannie Mae and Freddie Mac now only requiring a 5% DOWN PAYMENT FOR AN OWNER OCCUPANT! Live in one unit and rent the other two units- cheaper than renting! This tri-plex dwelling has three single bedroom units all occupied by ten year long term tenants who are not currently paying fair market rental due to the fact they are excellent tenant and their longevity. The tenants would wish to stay if the new owners can come to terms with each of them on a fair rent increase. If not then they are all on month to month lease with a 60 day notice. The building has 3 separate gas fired hot water heating systems with two of the boilers approximately 10 years new while the third is less than one year old. There is also three separate gas fired domestic hot water heaters. Each of the units has its own separate electrical panel box in the basement. This property is an all brick twin tri-plex located near Five Points in the Burholme section of Five Points Near shopping and transportation. Each of the floors have had multiple improvements over the last ten years. The full basement is shared between the units and used for both laundry facilities as well as storage and heater area. In the rear is a lovely yard which likewise is shared by each of the tenants. As seen in the pictures each of the tenants takes very good care of their apartment and each of the kitchens and bathrooms have been updated and improved. Very nice condition. The first floor tenant coordinates all appointments. The listing agent has an interest in the property. The owner is a licensed real estate agent in New Jersey. Based on the market conditions this property has an awful lot to offer at this price!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Rooms
Basement Outside Entrance, Sump Pump
Interior
Hot Water Multi-tank
Heating Baseboard - Hot Water
Cooling Ceiling Fan(s), Multi Units
Flooring Carpet, Ceramic Tile, Hardwood, Laminated
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 561261400
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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 Mohammed R Latif • Premium Realty Group Inc