$224,000
$270,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
2,415 SqFt
SOLD DATE : 02/02/2022
Key Details
Sold Price $224,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,415 sqft
Price per Sqft $92
Subdivision Olney
MLS Listing ID PAPH2029926
Sold Date 02/02/22
Style Traditional
Abv Grd Liv Area 2,115
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $2,259
Tax Year 2021
Lot Size 5,456 Sqft
Acres 0.13
Lot Dimensions 42.00 x 129.91
Property Description
Looking for instant income? Look no further! No matter if you're just starting your real estate portfolio or a seasoned investor, or looking to buy as an owner-occupant, 5622 N 2nd st is a solid multi-family property in need of some cosmetic updating. The roof was replaced and all new hot water heaters were installed within the last few years. The First-floor tenant is moving out. It currently produces nearly $3000 per month and has separate utilities. Located on a quiet block in the Olney neighborhood, each unit consists of 1 bed and 1 bath except for the studio unit in the basement. Leases are good through 2022. Tenants find this location very walkable as most errands, shopping, and public transportation can be reached on foot. All appointments must be confirmed in advance. Make time today to schedule a showing of this unique property and lock in your new cash-producing asset!
Unit #1 $825 per month
Unit #2 $765 per month
Unit #3 $650 per month
Unit #4 (studio) $685 per month
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RSA3
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Baseboard - Electric, Forced Air
Cooling None
Heat Source Electric
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 1
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 612419000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing FHA, FHA 203(b), Cash, Conventional, VA
Listing Terms FHA, FHA 203(b), Cash, Conventional, VA
Financing FHA,FHA 203(b),Cash,Conventional,VA
Special Listing Condition Standard
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Bought with Dina J. Dashiell • Settle Down Philadelphia
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
janis@settledownphiladelphia.com
444 N 4th St, Philadelphia, PA, 19123, United States