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Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $190
Subdivision Spring Arts
MLS Listing ID 1003250901
Sold Date 06/29/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,262
Originating Board TREND
Year Built 1918
Annual Tax Amount $3,799
Tax Year 2017
Lot Size 1,041 Sqft
Acres 0.02
Lot Dimensions 17X60
Property Description
1126 Green St: Gross Annual Income = $30,000, Gross Rent Multiplier = 13.3 Whatever you want to call this neighborhood; whether it's Spring Arts, East Fairmount, Liberties West or NoLoDi (North Loft District), this duplex rental property at 1126 Green consistently attracts excellent, long-term tenants. This is an ideal property for an investor seeking a stable/turn-key rental property with a solid maintenance and tenant track record. This 3-story duplex contains a first-floor studio ($1000/month under lease until 5/31/18) and a bi-level 1 bedroom apartment ($1500/month under lease until 6/30/18). Tenants pay gas and electricity. Units each feature central air, high-efficiency washer/dryer, h/w floors, bathrooms with custom made sink vanities made from vintage wooden tables. The studio has sturdy, built-in cabinets/pantry, stainless steel sink/cooking work table, and private outside patio. The bi-level unit has working fireplace, sunny, open living room, elevated kitchen space with separate dining area, bonus office/meditation room adjoining 3rd-floor bedroom, loft-style storage and 3rd floor, south-facing outside roof garden accessible by sliding doors- large wooden deck could easily fill this space. Property draws professionals and students from Temple, Hahnemann, Einstein and Community College of Philadelphia. Tenants enjoy easy access to I-676 and Broad Street Lines. Nearby offerings include neighborhood bars/restaurants like The Institute, Prohibition Taproom, Wazobia African dining and Bufad wood-fired Pizza as well as music venue Union Transfer. Tenants also enjoy proximity to Reading Terminal Market and Chinatown.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit, Has Laundry
Exterior
Water Access N
Accessibility None
Garage N
Building
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 141248310
Ownership Fee Simple
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Bought with Linsen Sam Cao • Triamond Realty