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4645 Penn Street

PHILADELPHIA, PA 19124
  • $420,000
  • STATUS: Active Under Contract
  • ON SITE: 41 Days
  • MLS #: PAPH2118296
Under Contract
UPDATED: 62 min ago
$420,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1934
County:

School Ratings & Info

Description

Calling all turnkey and or value add investors! Legally zoned six unit building consisting of all 1 bedroom and 1 bathroom units is now available! Property features separate utility, 85% occupancy and plenty of room to add value via cosmetic updates and or rents. In addition, it is perfectly situated near an abundance of public transportation, 76 and 95 which will make the commute a breeze. So what are you waiting for? This property could generate as much as $5400 a month which would result in a net of $1290 a month, 9% cap rate and 12%+ cash on cash return but hurry before it's too late!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-29T07:52:34.28.
www.porterplusrealty.com/homes/128850770
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4645 Penn Street PHILADELPHIA, PA 19124

  • Price: $420,000
  • Status: Active Under Contract
  • On Site: 41 Days
  • Updated: 62 min ago
  • MLS #: PAPH2118296
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1934
Built
Neighborhood:
Frankford
County:
Philadelphia
Area:
19124 (19124)
School District:
The School District Of Philadelphia
Property Description
Calling all turnkey and or value add investors! Legally zoned six unit building consisting of all 1 bedroom and 1 bathroom units is now available! Property features separate utility, 85% occupancy and plenty of room to add value via cosmetic updates and or rents. In addition, it is perfectly situated near an abundance of public transportation, 76 and 95 which will make the commute a breeze. So what are you waiting for? This property could generate as much as $5400 a month which would result in a net of $1290 a month, 9% cap rate and 12%+ cash on cash return but hurry before it's too late!
Exterior Features

Construction Materials Stucco Garage YN No Location Type Urban Parking Types On Street Property Condition Average Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4080.00 Cooling None Exclusions Tenants Belongings. Heating Radiator Heating YN Yes Inclusions Appliances Owned By The Seller. Net Square Feet 4080.00

Property Features

Acceptable Financing ConventionalPrivate Accessibility Features None Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street Overington Electric 100 Amp ServiceCircuit Breakers Foundation Details Stone Gross Income 35676.00 Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 6 Operating Expense 1693.00 Operating Expense Includes Heating/CoolingInsuranceManagement FeesRepair/MaintenanceTrash Original MLSNumber 801577201720 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1856.00 Tax Assessment Amount 138500.00 Tax Lot 10 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Rsa3

Listing courtesy of Keller Williams Philly.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-29T07:52:34.28.
 
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