Fantastic opportunity available now in BOOMING Brewerytown to acquire a turnkey multi unit property. Perfect fit for the savvy investor looking to add to their portfolio, or for the first time landlord beginning their journey to generational wealth. This building consists of three 2 bedroom, 1 bath units that were fully renovated in 2020. All units feature hardwood flooring, modern kitchens with granite countertops and newer stainless steel appliances, recessed lighting, ceiling fans, and freshly painted throughout. All three units have modern three piece tile baths. UNIT 1: Currently leased, $1095.00 per mth, lease expires 5/31/25 UNIT 2: Currently leased, $1195.00 per mth, lease expires 4/30/25 UNIT 3: Vacant***Currently listed for rent $1195.00 per mth ***Property is tenant occupied, please allow 24 hours notice for showings. ***UPDATE AS OF 8/13/24*** The owner filed a property tax appeal with the City of Philadelphia and the appeal was approved. The current assessment is $548,000 and will be reduced to $426,600 for 2025, a reduction in the property assessment of ***$121,600.00*** This should result in a significant reduction for the 2025 property taxes. Appeal approval letter is available to view in documents.
MLS# | PAPH2371608 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Pending |
Year | 1915 |
Days On Site | 133 |
Listing Provided By | KW Empower | Domenick Parris |
SQ Feet | 2,385 |
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Basement | Y |
Zoning | RM1 |
Acreage | 0.02 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19121 |
Area | 19121 |
Community Name | Brewerytown |
School District | The School District Of Philadelp |
Listing VS Median (in Brewerytown) | |
Price: $419,900 low | high Med: $180,000 SqFt: 2,385 low | high Med: 1,896 $ / SqFt: $176 low | high Med: $95 On Site: 133 low | high Med: 976.000000 |