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Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,767 sqft
Price per Sqft $172
MLS Listing ID PAPH2319724
Sold Date 04/10/24
Style Bi-level
Abv Grd Liv Area 1,767
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,395
Tax Year 2022
Lot Size 938 Sqft
Acres 0.02
Lot Dimensions 38.00 x 25.00
Property Description
HUGE SAVINGS OPPORTUNITY!!! Buyer could get 1% lower rate 5.625% from local lender and NO PMI if less than 20%!! Ask me for more details!
The owner has recently acquired the rear lot, poised to construct an additional eight units in 2025, promising added value and potential for expansion. The first floor boasts convenient backyard access with a privacy fence, creating a serene outdoor space for relaxation.
This property features two distinct units:
Unit 1: 2 beds, 1 bath
Unit 2: 3 bed, 1 bath
A lucrative opportunity awaits investors, with Section 8 currently paying up to $1764 for two-bedroom units and $2136 for three-bedroom units, totaling a substantial annual income of up to $46,000. Moreover, the property is conveniently located just steps away from the 23 bus route, enhancing accessibility and convenience to Chestnut Hill or Center City!!!
Don't miss your chance to capitalize on this promising investment in the heart of Germantown's rich history and growth.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Wood
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Architectural Shingle
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Septic
Water Public
Architectural Style Bi-level
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 123135800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA, Conventional, VA
Listing Terms Cash, FHA, Conventional, VA
Financing Cash,FHA,Conventional,VA
Special Listing Condition Standard
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Bought with NGUYET LE • Philadelphia Homes
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