UPDATED:
11/29/2024 02:06 PM
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,261 sqft
Price per Sqft $35
Subdivision Philadelphia (North)
MLS Listing ID PAPH2423396
Style AirLite
Bedrooms 6
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 3,261
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $6,885
Tax Year 2024
Lot Size 4,070 Sqft
Acres 0.09
Lot Dimensions 37.00 x 110.00
Property Description
ARV'S $260,000-$469,000
Huge Property Ideal for Multi/Apartments/Income Producing
Unlock the potential of this 3-story, semi-detached triplex in the heart of North Philadelphia. With three spacious residential units totaling over 3,261 square feet of above-ground living space, this property offers a rare chance to secure a versatile investment at an affordable entry point. Built in 1925, this masonry exterior property combines historic charm with the flexibility to create modern, high-demand rental units.
Each of the three units boasts a functional layout ideal for a variety of tenants, whether you're catering to families, students, or professionals seeking proximity to the vibrant offerings of North Philadelphia. The building's three stories allow for separation of spaces and privacy, increasing its appeal as a multi-unit rental.
Potential Cap Rate:
Investors could achieve a cap rate in the 8%?12% range based on current market conditions, rental demand, and leveraging housing incentives.
Major Rehab Needed. Enter at your own risk.
Property is Secured. Must bring Drill to access property. 24hr notice.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA3
Rooms
Basement Unfinished
Main Level Bedrooms 6
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Brick/Mortar
Sewer Public Septic
Water Public
Architectural Style AirLite
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID 112272905
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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