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Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $266
Subdivision East Passyunk Crossing
MLS Listing ID 1009117268
Sold Date 12/20/18
Style Other
HOA Y/N N
Abv Grd Liv Area 2,400
Originating Board TREND
Year Built 2015
Annual Tax Amount $3,099
Tax Year 2018
Lot Size 1,040 Sqft
Acres 0.02
Lot Dimensions 16X65
Property Description
PRICE ADJUSTED TO SELL. EASIEST INVESTMENT PROPERTY ON THE MARKET! 46k NOI - 6.7 CAP! This is a rare opportunity to own a true turn-key and high performing zoned Triplex in East Passyunk Crossing, complete with 7 years left on the tax abatement. This building was completely gutted and rebuilt 3 years ago with all the latest modern finishes. Highest quality tenants in place and strong leases with 60 day notice clause. Building has been meticulously maintained with a cleaning service, HVAC service contracts that will transfer and fresh silvercoat on the roof. Tenants pay electric (separate), owner pays water. No Gas! All units are 2br/1ba. Unit 1 (1495) features HW/Lam Floors, Dedicated Central HVAC, Dedicated HW, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, and sole access to the Backyard. Unit 2 (1400) has a similar layout to Unit 1, but with Larger bedrooms. Unit 3 (1425) has the largest living area and bedrooms and awesome views. The common access basement includes tile floors, finished walls and ceilings, Coin-op Laundry (60/mo) and a locked and dedicated storage room for each apartment. Building also includes a Audio and Video Intercom system. Discounted Property Management Services available for a true turnkey investment. Property taxes are under appeal, so should be reduced next year!
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning RSA5
Direction East
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Ceiling Fan(s)
Hot Water Electric
Heating Electric, Forced Air
Cooling Central A/C
Flooring Tile/Brick, Laminated
Fireplace N
Heat Source Electric
Laundry Common
Exterior
Utilities Available Above Ground, Cable TV, Natural Gas Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 394189200
Ownership Fee Simple
SqFt Source Assessor
Security Features Intercom
Acceptable Financing Conventional, FHA 203(b)
Listing Terms Conventional, FHA 203(b)
Financing Conventional,FHA 203(b)
Special Listing Condition Standard
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Bought with Edwin Lau • Anchor Real Estate - South Philadelphia