$405,000
$399,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2,752 SqFt
SOLD DATE : 04/01/2024
Key Details
Sold Price $405,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,752 sqft
Price per Sqft $147
MLS Listing ID PAPH2287440
Sold Date 04/01/24
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $4,234
Tax Year 2022
Lot Size 1,120 Sqft
Acres 0.03
Lot Dimensions 16.00 x 70.00
Property Description
This cash flowing triplex near Drexel University's campus is ready to be added to your portfolio! Boasting three units, this terrific investment opportunity features a leased commercial storefront, a 1 bedroom, 1 bathroom bilevel apartment, and an easy to rent vacant studio that could also be perfect for an owner occupant. This well-maintained building has separately metered gas and electric, and two of the units have their own forced air heating and air conditioning systems. The tall basement height with street egress is suitable for storage and the backyard accessed from the 1st floor unit and overlooks a renovated playground. Located in a highly desirable area, this property benefits from its proximity to Drexel University and University City, ensuring a constant flow of potential tenants. Unit 1- commercial with backyard and basement access (basement is not included in the lease), $1500/month; Unit 2 - studio apartment estimated rent is $800/month; Unit 3 - 1 bedroom/ 1 bathroom $1200/month for an estimated 9% cap rate. Don't miss the opportunity to add this income-generating triplex to your real estate portfolio.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX1
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 242048200
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with John Wylie • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "