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Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,230 sqft
Price per Sqft $260
Subdivision Temple University
MLS Listing ID PAPH2059170
Sold Date 03/04/22
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,273
Tax Year 2021
Lot Size 3,629 Sqft
Acres 0.08
Lot Dimensions 21x172.83
Property Description
Fantastic cash flowing investment in the heart of the Temple University off-campus housing market. This building has the added bonus of extending from 15th Street to Sydenham Street with plenty of vacant lot space for construction of an additional multi family property (build it yourself or subdivide and sell it). The units offer contemporary and well maintained finishes but can certainly be refreshed to increase the rents. All units are spacious and easily rented. Unit mix is Commercial space on ground floor, (4) 2BR/1Ba Units, and (1) 1BR/1BA. Gross income is $93,960 with the inclusion of projected rent for currently vacant 1st floor apartment and coin laundry. All utilities are separated, systems are up to date.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air, Baseboard - Hot Water
Cooling Central A/C, Wall Unit
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881146805
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Josalyn Aponte • Honest Real Estate
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