$345,000
$350,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
2,760 SqFt
SOLD DATE : 12/27/2023
Key Details
Sold Price $345,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $125
MLS Listing ID PAPH2292772
Sold Date 12/27/23
Style Other
Abv Grd Liv Area 2,760
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $4,063
Tax Year 2022
Lot Size 1,940 Sqft
Acres 0.04
Lot Dimensions 20.00 x 97.00
Property Description
READY TO START YOUR PROJECT TOMORROW!!!!
Situated conveniently near University City, this duplex -to-quadplex conversion presents a prime investment opportunity. Approved plans by architects and transferable permits have added value to the property. The MEP systems have been inspected and approved, and the utility plan has full approval, ensuring compliance. The 10 year tax abatement pending and will be approve by the end of the construction. The potential yearly income of $84k is offered by the versatile layout, featuring a spacious 3-bedroom unit, two comfortable 2-bedroom units, and a cozy 1-bedroom unit, each with laundry facilities. As well as a large basement, with high ceilings. Considerable progress has been made with demo work and preparation for construction . With the permits and approved plans, it adds over $50k value. This property is ready for its transformation into a highly profitable quadplex.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water None
Heating Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools West Philadelphia
School District The School District Of Philadelphia
Others
Tax ID 601033100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Isiah Laws • HomeSmart Realty Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "