Thank you
Eric Andrew Dvotsky
BHHS Fox & Roach-Center City Walnut
215-627-6005
PRICE REDUCTION! Invest in the heart of Northern Liberties & Fishtown with this exceptional real estate opportunity! Currently, all residential units are rented at $2,200 / $2,220 a month significantly below the prevailing market rates, offering turnkey stability with an upside with under market rents. Unit 2 renewed their lease for $2,350 until May of 2025, with Unit 3 being significantly under-market as a long-term Tenant and lease expiring in August 2024. This meticulously maintained mixed-use property boasts a prime location, offering substantial potential for increased income, and is easy to rent. The significant completed repairs include a new sewer line, basement water proofing with new sub-pump, and new rubber roofing. The ground floor features a bi-level commercial retail space housing a busy hair salon. Tenant is currently paying $3,990 monthly with annual rental increases of 4% for the next two years and has a three-year extension option. The Commercial Tenant is responsible for Snow/Ice Removal in front of the building. Above the retail space, the second floor presents a welcoming residential unit with two bedrooms and one bathroom with a private balcony. Ascending to the third floor, you’ll find another residential unit, that resides a long term tenant also with two bedrooms and one bathroom. This unit distinguishes itself with a spacious roof- deck and an additional balcony that grants breathtaking views of Center City. Throughout all units, the property showcases hardwood floors and elegant picture frame molding with open concept kitchens including stainless steel appliances, granite countertops, and custom-tiled kitchen backsplashes and bathrooms. Each unit also features in-unit washer/dryer and a central monitoring alarm system. This Turn-Key Property is characterized by its ease of maintenance, beautiful unit layouts, and excellent location making it an attractive proposition for both long-term investors and owner-occupants. Additionally, the location grants easy access to major thoroughfares such as I-95 and 676.
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Water Source : Public
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1875
Structure: Interior Row/Townhouse
New Construction: No
Total Units: 3
Built: 1875
Construction Material: Masonry
Foundation/Basement: Slab
Architecture: Contemporary,Other
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 1,300
Dimensions: 20.00 x 65.00
Lot Size (Acres): 0.03
Architectural Style: Contemporary,Other
Main Square Feet: 1,300
SQ ft: 3,576
SQ ft (Living Area): 3,576
Total Lot SQ ft: 1,300
Appx. Lot Dimensions: 20.00 x 65.00
Total Acreage: 0.03
New Construction: No
Type: Contemporary,Other
Possession: 0-30 Days CD
Days Of Market: 175
Annual Tax: $11,941
Tax Year: 2022
Total Taxes Payment Frequency: Annually
0-30 Days CD
Taxes Assessment Amount: $853,100
Parking Type: On Street
Has Garage: N
Direction: use GPS
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: use GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
441 W Girard Avenue , Philadelphia, PA,19123 | $519,999 | -- | -- | -- | 1390 Sqft |
225 Green Street , Philadelphia, PA,19123 | $999,000 | -- | -- | -- | 1317 Sqft |
1136 N 4th Street , Philadelphia, PA,19123 | $699,000 | -- | -- | -- | 1140 Sqft |
1138 N 4th Street , Philadelphia, PA,19123 | $739,000 | -- | -- | -- | 1100 Sqft |
709-17 N Penn Street , Philadelphia, PA,19123 | $15,500,000 | -- | -- | 0 | -- |
600 Fairmount Avenue #A2, Philadelphia, PA,19123 | $1,300,000 | 4 | 5.5 | -- | 1 Acre |
600 Fairmount Avenue #.., Philadelphia, PA,19123 | $514,900 | 2 | 2.5 | -- | -- |
1121 N Hancock Street , Philadelphia, PA,19123 | $419,900 | 3 | 1.5 | 1,302 | 1440 Sqft |
444 N 4th Street #705, Philadelphia, PA,19123 | $385,000 | 1 | 1.0 | 1,031 | -- |
831 N 2nd Street , Philadelphia, PA,19123 | $2,200,000 | -- | -- | -- | 3092 Sqft |
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ByOwner last updated this listing 05/13/2024 @ 07:55
MLS: PAPH2293930
LISTED BY: ERIC Andrew Dvotsky , BHHS Fox & Roach-Center City Walnut
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.