• 1405 Reed Street PHILADELPHIA, PA 19146

  • $499,000
  • 0
    Bed(s)
  • 0
    Baths
  • 2,225
    Sq Ft
  • 1440
    Sqft

Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!

Property Type :

Multi-Family

County :

PHILADELPHIA

Style :

Multi-Family

Sell a home like this and save $29,441 Find Out How

Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Basement Description: Unfinished

Heating & Cooling

Cooling: None

Heating: Baseboard - Electric

Cooling Fuel: None

Heating Fuel: Electric

Building Information

Year Built: 1915

Structure: Interior Row/Townhouse

New Construction: No

Total Units: 4

Built: 1915

Construction Material: Masonry

Foundation/Basement: Stone

Architecture: Straight Thru

Pool/Private: No Pool

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 1,440

Dimensions: 18.00 x 80.00

Lot Size (Acres): 0.03

Architectural Style: Straight Thru

Main Square Feet: 1,440

Property Information

SQ ft: 2,225

SQ ft (Living Area): 2,225

Total Lot SQ ft: 1,440

Appx. Lot Dimensions: 18.00 x 80.00

Total Acreage: 0.03

New Construction: No

Type: Straight Thru

Listing Information

Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD

Days Of Market: 96

Tax Information

Annual Tax: $8,284

Tax Year: 2022

Total Taxes Payment Frequency: Annually

Possession

0-30 Days CD,31-60 Days CD,61-90 Days CD

Assessment Information

Taxes Assessment Amount: $591,800

Parking Information

Total Parking Spaces: 0

Parking Type: None

Has Garage: N

Homeowners Association Information

Direction: Off of broad

School Information

School District: PHILADELPHIA CITY

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: None

Heating Fuel: Electric

Hot Water: Electric

Location Information

Direction: Off of broad

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1338 S Stanley Street , Philadelphia, PA,19146 $89,900 -- -- 714 714 Sqft
1226 S Patton Street , Philadelphia, PA,19146 $225,000 -- -- 1,632 1632 Sqft
2235 Cross Street , Philadelphia, PA,19146 $195,000 3 1.5 -- 707 Sqft
1438 S Colorado Street , Philadelphia, PA,19146 $395,000 3 2.5 1,261 624 Sqft
1323 S Lambert Street , Philadelphia, PA,19146 $139,000 -- -- 658 658 Sqft
1325 S Lambert Street , Philadelphia, PA,19146 $139,000 -- -- 644 644 Sqft
1327 S Lambert Street , Philadelphia, PA,19146 $139,000 -- -- 644 644 Sqft
1329 S Lambert Street , Philadelphia, PA,19146 $139,000 -- -- 644 644 Sqft
1414 S Taylor Street , Philadelphia, PA,19146 $175,000 -- -- 681 681 Sqft
2534 Annin Street , Philadelphia, PA,19146 $110,000 -- -- 608 608 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/16/2024 @ 05:57

MLS: PAPH2316726
LISTED BY: Matthew Robertson , OCF Realty LLC - Philadelphia
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $29,441 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion