Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
N/A
ASK ME ABOUT A CONVENTIONAL-LIKE LOAN FOR THIS UNCONVENTIONAL PROPERTY! Own a piece of Philadelphia’s history AND earn instant equity when you buy this quadplex just 6 blocks from Temple University. Rent the units out, and now you have cash flow! Unit 1 is a 3 bed/1.5 bath, bi-level unit. Unit 2 is a 2 bed/2 bath unit. Unit 3 is a 3 bed/3 bath unit with the most amazing panoramic view from the 4th story. Unit 4 is a converted garage to the rear and has 1 bed/1 bath. Projected total rents are $7,500 per month. Unit 1- the commercial or 3 bed/1.5 bath unit- is projected at $2,250. The 1 bedroom is projected at $1,250. The 2 bedroom is projected at $1,750. And the 3 bed/3 bath unit is projected at $2,250. Beautifully renovated and 90% of the way to get the Certificate of Occupancy. The seller was quoted $15,000 to install the water and gas lines to the property and $30,000 to install the sprinkler system. The 1st floor is zoned for commercial use and would require a $20,000 chair lift to meet code, OR if you prefer to get a variance to use the building 100% residentially after closing, you can pocket the difference. There are just a few other touches needed to rent the units, including installing electric meters and some appliances. The 2022 Appraisal gives a $1,150,000 valuation after the building is complete and $625,000 As-Is. This property is truly a must-see.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$624,888
-
Tax Amount
6451.0
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Location
County
PHILADELPHIA
Elementary School
DUCKREY TANNER
Middle School
TANNER DUCKREY
High School
MASTERY CHARTER SCHOOL AT GRATZ
Listing Courtesy of Stacy L Sanseverino , KW Empower
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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