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1917 Spring Garden Street

PHILADELPHIA, PA 19130
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 44 Days
  • ID#: PAPH2037260
Under Contract
UPDATED: 9 min ago
$1,200,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:

School Ratings & Info

Description

Here you have a well-maintained 4-story, 6 unit apartment building, in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. Monthly Income: $6235, annual Income: $74,820 .and Net Operating Income: $51,597. There is also a parking spot that rents for $150 per month. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.

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©2021 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 Realty Executives Premier. 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: 2021-11-29T15:51:39.57.
www.jessicarealtor.com/homes/122442103
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1917 Spring Garden Street PHILADELPHIA, PA 19130

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 44 Days
  • Updated: 9 min ago
  • ID#: PAPH2037260
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1880
Built
Neighborhood:
Art Museum Area
County:
Philadelphia
Area:
19130 (19130)
School District:
The School District Of Philadelphia
Property Description
Here you have a well-maintained 4-story, 6 unit apartment building, in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. Monthly Income: $6235, annual Income: $74,820 .and Net Operating Income: $51,597. There is also a parking spot that rents for $150 per month. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.
Exterior Features

Construction Materials StuccoBrick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3342.00 Cooling Wall Unit Flooring WoodFully CarpetedTile/Brick Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 3342.00

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street 19TH STREET Gross Income 74820.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N Net Operating Income 51597.00 New Construction YN No Operating Expense 23223.00 Operating Expense Includes InsuranceElectricTrashWaterOther Original MLSNumber 801112732706 Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 5712.00 Tax Assessment Amount 69120.00 Tax Lot 18 Total Actual Rent 74820.00 Trash Expense 2100.00 Vacation Rental YN No Water Source Public Zoning R10

Listing courtesy of Philadelphia Realty Exchange.


©2021 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 Realty Executives Premier. 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: 2021-11-29T15:51:39.57.
 
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