UPDATED:
08/19/2024 05:35 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 1,968 sqft
Price per Sqft $177
Subdivision Lower Moyamensing
MLS Listing ID PAPH2362950
Style Converted Dwelling
Abv Grd Liv Area 1,968
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $4,850
Tax Year 2023
Lot Size 1,072 Sqft
Acres 0.02
Property Description
Discover an incredible opportunity with this corner property configured as a Tri-Plex in the sought-after Lower Moyamensing neighborhood. This property features three distinct units, each with its own separate entrance, and tenants are responsible for their utilities except for water. Currently, one of the units is occupied—the front studio on the first floor.
Unit #1, located at the front of the first floor, is a spacious studio rented for $550/month. It is comfortably carpeted and includes a kitchenette. In the rear of the first floor is Unit #2, a bright one-bedroom, one-bath apartment with a full eat-in kitchen. This unit features hardwood floors in the living area, tile in the kitchen, and a full bathroom with a tub, toilet, and sink. The bottom units share a washer and dryer conveniently located in the basement, accessible through the side door on Fitzgerald St.
Unit #3 occupies the entire second level and offers two generous bedrooms, a large kitchen, and the luxury of its own in-unit washer and dryer. This unit also boasts a private deck for relaxing or entertaining, with carpeting throughout except for the beautifully tiled kitchen and bathroom areas.
This property represents a fantastic opportunity for investors to add a cash-flowing multi-family property to their portfolio in the growing Lower Moyamensing area. It also presents an excellent chance for an owner-occupant looking to live in one unit while renting out the others to offset living expenses. The seller is willing to provide a home warranty for added peace of mind.
With a Walk Score of 91, daily errands can be accomplished without a car. The Transit Score of 79 indicates excellent transit options, and the Bike Score of 85 highlights the area's great biking infrastructure. Nearby dining options include Johnnie's Italian Specialties, Not Just Pizza, Bomb Bomb Bar-B-Que Grill, and Tamdoori of India. Educational institutions such as City Kids Christian School, Our Lady of Hope, and South Philadelphia High School are in close proximity. For groceries, you'll find Guido's Market, My Son's Fruit and Produce, and 10th & Snyder Grocery Store nearby. The property is just a minute away from the Broad Street Line Snyder Station stop and close to parks like Weinberg Park and Mifflin Square.
Situated in a prime location with easy access to public transportation and Marconi Park, this Tri-Plex is a fantastic investment opportunity. Don’t miss out—schedule a showing today to secure this gem in a highly desirable area!
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning RSA-5
Rooms
Basement Full, Partially Finished
Interior
Hot Water Natural Gas
Heating Forced Air, Steam
Cooling Wall Unit
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View Street
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools South Philadelphia
School District The School District Of Philadelphia
Others
Tax ID 394228705
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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