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1224 W Allegheny Avenue

PHILADELPHIA, PA 19133
  • $299,900
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PAPH2177006
Price Reduced
UPDATED: 48 min ago
$299,900
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,424
    SQFT
  • $124
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

HUGE PRICE REDUCTION!! Investor alert as opportunity awaits at 1224 W Allegheny corner multi-family property with 2,224 Abv Grd Fin SQFT! Excellent cash flow! There is a spacious quadruplex with flexible parking in both sides of each street (Allegheny Ave & Camac St) for sale in the Temple University/hospital area of Philadelphia waiting for its next Landlord! All 4 units' walls and ceilings are freshly painted and got cleaned recently as well. It is essential to mention that each unit has separate utilities and they also have enough space for laundry. The distribution of this multi-family building is; unit 1: 5 rooms/1bath (this unit also has a private entrance on Camac St), unit 2: 2 rooms/1 bath, unit 3: studio, unit 4: 4 rooms/1bath (Please see the pictures with the name of each section of the property for better understanding its distribution). In this area, the rent comparables show the following: 2 bed/1bath with laundry room units are rented between $950-$1,300, studios are rented between $600-$850, 1 bed/1bath are rented between $800-$1150 and 2 bed/bath $950-$1,150; therefore, and estimated monthly gross income of the total rents would be between $3,300-$4,450, and an estimated yearly gross income of $39,600-$53,400 (This estimated rent prices depends on the condition and size of each unit). The property is completely vacant and ready to move in the new tenants, knowing its proximity to universities & hospitals, it is a very demanding area for rent and the new owner will be able to charge good amounts of monthly passive income. The property has a lot of potential because of its size, location, and distribution. Another advantage of this property is that it already has the front yard fenced which helps a landlord control the trash of each unit in order to avoid any possible violations on the property+GGwithin walking distance to public transport, shopping, and restaurants. New construction and rental properties lined up together in one of the hottest rental areas of Philadelphia. Rents keep going up, don't let this opportunity pass you by!A new torch down rubber roof was recently done to the main roof and 2 bay roofs on the property. Also, it has been installed a new drain box, downspouts and metal flashing on the main roof. All new roofs come with a 10 Year Warranty that expires in August of 2032. The property is being sold in "asi-is" condition.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or DnD Home Sales Group | Bennett Realty Solutions. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-27T19:49:48.9.
www.dndhomesales.com/homes/134665185
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1224 W Allegheny Avenue PHILADELPHIA, PA 19133

  • Price: $299,900
  • Status: Active
  • On Site: 17 Days
  • Updated: 48 min ago
  • ID#: PAPH2177006
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,424
SQFT
$124
$/SQFT
1930
Built
Neighborhood:
Fairhill
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
HUGE PRICE REDUCTION!! Investor alert as opportunity awaits at 1224 W Allegheny corner multi-family property with 2,224 Abv Grd Fin SQFT! Excellent cash flow! There is a spacious quadruplex with flexible parking in both sides of each street (Allegheny Ave & Camac St) for sale in the Temple University/hospital area of Philadelphia waiting for its next Landlord! All 4 units' walls and ceilings are freshly painted and got cleaned recently as well. It is essential to mention that each unit has separate utilities and they also have enough space for laundry. The distribution of this multi-family building is; unit 1: 5 rooms/1bath (this unit also has a private entrance on Camac St), unit 2: 2 rooms/1 bath, unit 3: studio, unit 4: 4 rooms/1bath (Please see the pictures with the name of each section of the property for better understanding its distribution). In this area, the rent comparables show the following: 2 bed/1bath with laundry room units are rented between $950-$1,300, studios are rented between $600-$850, 1 bed/1bath are rented between $800-$1150 and 2 bed/bath $950-$1,150; therefore, and estimated monthly gross income of the total rents would be between $3,300-$4,450, and an estimated yearly gross income of $39,600-$53,400 (This estimated rent prices depends on the condition and size of each unit). The property is completely vacant and ready to move in the new tenants, knowing its proximity to universities & hospitals, it is a very demanding area for rent and the new owner will be able to charge good amounts of monthly passive income. The property has a lot of potential because of its size, location, and distribution. Another advantage of this property is that it already has the front yard fenced which helps a landlord control the trash of each unit in order to avoid any possible violations on the property+GGwithin walking distance to public transport, shopping, and restaurants. New construction and rental properties lined up together in one of the hottest rental areas of Philadelphia. Rents keep going up, don't let this opportunity pass you by!A new torch down rubber roof was recently done to the main roof and 2 bay roofs on the property. Also, it has been installed a new drain box, downspouts and metal flashing on the main roof. All new roofs come with a 10 Year Warranty that expires in August of 2032. The property is being sold in "asi-is" condition.
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2424 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Heating Radiator Heating YN Yes Single Room Units 1 Spa YN No Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Acceptable Financing VaConventionalCashPrivate Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel Electric Cross Street Germantown Foundation Details Other Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 4 Number Of Units Vacant 4 Original MLSNumber 801997461242 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 1020.00 Tax Assessment Amount 72900.00 Tax Lot 36 Utilities Water AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Rehobot Real Estate, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or DnD Home Sales Group | Bennett Realty Solutions. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-27T19:49:48.9.
 
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Greenbelt MD, 20770