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Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,460 sqft
Price per Sqft $134
Subdivision South Kensington
MLS Listing ID PAPH904288
Sold Date 08/24/20
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 2,460
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $624
Tax Year 2020
Lot Size 1,359 Sqft
Acres 0.03
Lot Dimensions 15.62 x 87.00
Property Description
Incredible development opportunity in South Kensington on the border of Northern Liberties. This is a shell property ready for conversion into a triplex with 3 2 bedroom apartments. Architectural plans are in process of being submitted for building permits. Zoning is RM1 and the lot size is 1359 SF so this is a by-right triplex project. The property is only a few steps from Girard Ave with high demand for rental units. Unit breakdown is 2bd/2ba, 2bd/1.5ba, 2bd/1.5ba. Projected rents total approximately $6000/month. The new construction triplex building next door sold for $745,000 over 3 years ago so there is plenty of upside potential to renovate and do a cashout refi once stabalized. Also condos on the block have recently sold in the low to mid 400 s. Architectural plans can be included in the sale and building permits ready for pickup with acceptable terms.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 141064100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Umberto Ferraguti • Realty ONE Group Legacy
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