2,444 SqFt
2,444 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,444 sqft
Price per Sqft $163
Subdivision Brewerytown
MLS Listing ID PAPH2652850
Style Transitional
Abv Grd Liv Area 2,444
Year Built 1915
Annual Tax Amount $4,217
Tax Year 2026
Lot Size 1,304 Sqft
Acres 0.03
Lot Dimensions 16.00 x 82.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The building consists of two spacious 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. The first and second floor units are vacant, providing immediate lease-up potential, while the third-floor unit is occupied on a month-to-month lease.
Projected market rents are approximately $1,500/month for the first floor, $1,400/month for the second floor, and $1,300/month for the third floor, for a projected gross annual income of $50,400. Based on the seller's projected operating expenses, the property offers an estimated 9.03% stabilized cap rate.
Property features include central air conditioning in all three units, separate gas and electric service for each apartment, a sprinkler system, fire alarm system, common laundry area, extra storage in the basement, and a 10-year Philadelphia tax abatement effective in 2025. Tenants pay their own gas and electric, along with a flat monthly water fee.
Conveniently located near Fairmount Park, Temple University, Center City, major highways, and public transportation.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 2444
Sewer Public Sewer
Water Public
Architectural Style Transitional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 292223400
Ownership Fee Simple
SqFt Source 2444
Special Listing Condition Standard
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