Philadelphia, PA 19146,1405 REED ST
Philadelphia, PA 19146,1405 REED ST
Philadelphia, PA 19146,1405 REED ST
$455,000
Est. payment /mo
$499,000
8.8%
Est.Price: ?

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2,700 SqFt
SOLD DATE : 06/28/2024

Key Details

Sold Price $455,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $168

MLS Listing ID PAPH2320242

Sold Date 06/28/24

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $8,284

Tax Year 2022

Lot Size 1,440 Sqft

Acres 0.03

Lot Dimensions 18.00 x 80.00

Property Description

Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RSA5

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 365347500

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Matthew Robertson • OCF Realty LLC - Philadelphia
Bought with Kaijie Zhao • GE21 Realty

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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