$2,450,000
$2,675,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
12,000 SqFt
SOLD DATE : 10/08/2021
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $204
Subdivision Walnut Hill
MLS Listing ID PAPH1014072
Sold Date 10/08/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 12,000
Originating Board BRIGHT
Annual Tax Amount $2,800
Tax Year 2021
Property Description
Rare opportunity to acquire an income-producing, turnkey, 16-unit apartment building in prime, West Philadelphia. Located in the Opportunity Zone, this fully-occupied 12,000 Sq Ft building was completely renovated in 2017. The building consists of 16 units featuring (13) one-bedroom units and(3) two-bedroom units. Each apartment features an open floor plan with hardwood flooring, modern kitchens with stainless steel appliances, and a full bathroom. Six of the units offer balconies. A fully finished basement includes a common laundry area and an office space with a full bath. An easy commute to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. There are six years remaining on the 10-year tax abatement.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM-1
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Balconies- Multiple
Waterfront N
Water Access N
Accessibility 2+ Access Exits, Accessible Switches/Outlets, Doors - Lever Handle(s), Doors - Swing In, Grab Bars Mod, Kitchen Mod, No Stairs, Other
Porch Balconies- Multiple
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881215400
Ownership Other
Security Features Fire Detection System,Carbon Monoxide Detector(s),Security System,Smoke Detector,Sprinkler System - Indoor,Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Isela Lares • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "