$350,000
SOLD AUG 19, 2024
-- Bed
-- Bath
2,985 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

8% Below List Price

212 Days on Market

Highlights

  • Forced Air Heating System
  • Walk-Up Access
  • 3-minute walk to American Legion Playground

About This Home

As of August 2024

The definitive cash cow has hit the market. 4+ unit multi-family semi-detached property with current annual gross income of $44, 940.00. Legal, licensed, LBP certified, all tenants up to date rental payments, average to above average condition. Separate electric with house meter, certified multi-family fire/smoke alarm system,
separate gas

Last Agent to Sell the Property

James M. Walsh

RE/MAX Access License #AB061796L

RE/MAX Access

Last Buyer's Agent

Jason Cartwright

Keller Williams Real Estate-Langhorne

Keller Williams Real Estate-Langhorne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,518

Year Built

  • Built in 1939

Lot Details

  • 2,500 Sq Ft Lot
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • 2,985 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Permanent Foundation
  • Stone Foundation
  • Built-Up Roof
  • Asphalt Roof
  • Rubber Roof

Kitchen

  • Gas Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for accounting/legal, advertising/licenses and permits, insurance, repairs, sewer, water, trash collection, real estate taxes
  • Tax Lot 52
  • Assessor Parcel Number 871191350

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Wissinoming Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $4,900
  • Maintenance Expense $1,000
  • Trash Expense $500
  • Operating Expense $13,500
  • Gross Income $44,940
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,518

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: 5 refrigerators, 1 built in A/C unit
  • New Construction: No
  • Year Built: 1939
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: The definitive cash cow has hit the market. 4+ unit multi-family semi-detached property with current annual gross income of $44, 940.00. Legal, licensed, LBP certified, all tenants up to date rental payments, average to above average condition. Separate electric with house meter, certified multi-family fire/smoke alarm system, separate gas
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven/Range - Gas, Oven/Range - Electric
  • Fireplace: No
  • Foundation Details: Permanent, Stone
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Walkout Stairs
  • Total Sq Ft: 2985
  • Living Area Sq Ft: 2985
  • Price Per Sq Ft: 122.28
  • Above Grade Finished Sq Ft: 2985
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6106

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Asphalt, Rubber, Built-Up
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 500.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Monthly Average Electric: 40
  • Previous Twelve Months Electric Expense: 480.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable Tv Available
  • Monthly Water Average: 250
  • Water Previous Twelve Months: 3000.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable, Broadband

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: Y50
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2500.00
  • Property Condition: Average
  • Year Assessed: 2023
  • Zoning: CMX2
  • Zoning Description: apartments with storefront

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Accounting/Legal, Advertising/Licenses And Permits, Insurance, Repairs, Sewer, Water, Trash Collection, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 44940.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 1381.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2518.00
  • Assessor Parcel Number: 871191350
  • Tax Lot: 52
  • Tax Year: 2023
  • Close Date: 08/19/2024

Multi Family

  • Gross Income: 44940.00
  • Gross Scheduled Income: 44940.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 13500.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $350,000 -4.1% $117 / Sq Ft
03/27/2024 03/27/24 Price Changed $365,000 -3.8% $122 / Sq Ft
11/20/2023 11/20/23 For Sale $379,500 -- $127 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,518 $261,600 $52,320 $209,280
2024 $2,518 $261,600 $52,320 $209,280
2023 $2,518 $179,900 $35,980 $143,920
2022 $2,252 $179,900 $35,980 $143,920
2021 $2,252 $0 $0 $0
2020 $2,252 $0 $0 $0
2019 $2,231 $0 $0 $0
2018 $2,167 $0 $0 $0
2017 $2,784 $0 $0 $0
2016 $2,756 $0 $0 $0
2015 $2,638 $0 $0 $0
2014 -- $198,900 $25,000 $173,900
2012 -- $23,776 $5,031 $18,745
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $262,500 New Conventional
Previous Owner $250,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed $350,000 None Listed On Document
Deed -- --
Deed $81,322 --
Deed $85,000 --
Source: Public Records

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    Section Image

Source: Bright MLS

MLS Number: PAPH2298324

Bright MLS

APN: 871191350