$345,000
$345,000
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2,310 SqFt
SOLD DATE : 12/01/2021
Key Details
Sold Price $345,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,310 sqft
Price per Sqft $149
Subdivision Fox Chase
MLS Listing ID PAPH968994
Sold Date 12/01/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $3,362
Tax Year 2021
Lot Size 10,335 Sqft
Acres 0.24
Lot Dimensions 65.00 x 159.00
Property Description
In real estate, location is key! This is the perfect opportunity for a smart business owner who wants to stop renting office space and would like to become their own landlord. Take advantage of the tax law and pay yourself rent! This is also the best option for an investor looking for cash flow and real estate appreciation. The property is located in the desirable neighborhood of Fox Chase, a three minute drive to Rhawnhurst, and 5 minutes to an upcoming police station headquarters. The property has a gorgeous colonial style and impressive entrance with appealing landscape that can get anyone's attention! In addition, the property has back parking space for up to 5 cars, plus a detached garage for 2 cars. Next to the garage you will find a gorgeous space with grass and trees for the perfect BBQ during the summer. The central air was installed recently, the water tanks are around 8 years old but well maintained, and the roof was installed in 2009 - not to mention all certificates were obtained from the city! It is a golden opportunity as the property has two apartments on the second floor and each unit has one bedroom and the kitchens have brand new cabinets. The long term tenants are paying on a monthly basis and one of them is leaving by the end of November. Currently the front apartment is $625/mo and the back apartment is $500/mo; rents do not include utilities. For investors familiar with the area, the rent is low and it could easily be increased. The rent could go between $800 to $1,100 per month. The first level has three office spaces, one full bathroom, a hallway for the receptionist and the waiting room for clients. In addition, the basement is pretty big and is perfect for storage space! This property will be sold in "as-is" conditions. The property is zone for a professional service business, other type of businesses will have to go through a variance.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Central A/C
Flooring Carpet, Hardwood
Heat Source Central
Exterior
Garage Spaces 10.0
Water Access N
Roof Type Shingle,Slate
Accessibility 32\"+ wide Doors, 2+ Access Exits
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871584800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA 203(k), FHA 203(b)
Listing Terms Cash, Conventional, FHA 203(k), FHA 203(b)
Financing Cash,Conventional,FHA 203(k),FHA 203(b)
Special Listing Condition Standard
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Bought with Aissatou G Diallo • Keller Williams Real Estate - Bensalem
Specializing in buyer, seller, tenant, and investor clients. We sell heart, hustle, and a whole lot of homes.
Nettles and Co. is a Philadelphia-based boutique real estate team led by Brittany Nettles. Our mission is to create community by building authentic relationships and making one of the most stressful and intimidating transactions equal parts fun, comfortable, and accessible.