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Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $178
MLS Listing ID PAPH2125424
Sold Date 07/18/24
Style Other
Abv Grd Liv Area 2,208
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $2,657
Tax Year 2023
Lot Size 1,900 Sqft
Acres 0.04
Lot Dimensions 20.00 x 95.00
Property Description
Looking for an incredible investment opportunity? Don't miss your chance to be the next owner of 1904 Orthodox Street. This multi-family property is comprised of four units– two 1 bedroom, 1 bathroom apartments and two 2 bedroom, 1 bathroom homes. The first floor, rear unit enjoys a separate entrance and access to the huge rear yard space. On the interior, the units feature luxury gray vinyl flooring, newly completely renovated baths, and modern kitchens.
All of the units are complete and rented while one is a month to month friend of the Seller so it could be occupied by an owner occupant. The first floor rear unit is bi-level with a separate entrance and a rear yard. The building will be delivered fully occupied with a gross rent roll of $4,400 per month, which equates to $52,800 annually. Aside from its exceptional cash flow and desirable oversized lot, the property has a wonderful location in Philadelphia's Frankford neighborhood. Playgrounds, shops, and public transportation options are just steps away. Moreover, easy access to I-95 makes commuting to the surrounding area a breeze. Come and see all that this investment has to offer and expand your real estate portfolio!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA5
Interior
Interior Features Tub Shower, Combination Dining/Living, Floor Plan - Open, Upgraded Countertops
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment Stainless Steel Appliances
Appliance Stainless Steel Appliances
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 232092000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Peter Lien • EXP Realty, LLC
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Bob Gauger
Broker Associate | License ID: 312506
Broker Associate License ID: 312506