$175,000
$175,000
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1,408 SqFt
SOLD DATE : 12/16/2024
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,408 sqft
Price per Sqft $124
Subdivision Frankford
MLS Listing ID PAPH2383150
Sold Date 12/16/24
Style AirLite
Abv Grd Liv Area 1,408
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,802
Tax Year 2023
Lot Size 309 Sqft
Acres 0.01
Lot Dimensions 15.00 x 20.00
Property Description
BACK ON THE MARKET! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate!! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J.O.B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell. Cash deals preferred. Property being sold AS IS.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling Window Unit(s)
Flooring Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Natural Gas Available, Electric Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Other, Brick/Mortar, Block, Stone
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 622097500
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA 203(k), FHA, FHA 203(b), Other
Listing Terms Cash, Conventional, FHA 203(k), FHA, FHA 203(b), Other
Financing Cash,Conventional,FHA 203(k),FHA,FHA 203(b),Other
Special Listing Condition Standard
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Bought with nabila baba alaoui-jackson • Keller Williams Main Line
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