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2115 W Ontario Street

PHILADELPHIA, PA 19140
  • $225,000
  • STATUS: Pending
  • ON SITE: 17 Days
  • ID#: PAPH2046992
Pending
UPDATED: 38 min ago
$225,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,448
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Description

Lovingly-maintained and newly-renovated triplex, 2115 W Ontario St is a turn-key, cash-flowing investment in the heart of Nicetown-Tioga ready for all savvy investors and owner-occupied investment home buyers! Nestled in the heart of a quiet, established, and friendly community, this triplex consists of two lovingly-maintained 1 bedroom, 1 bathroom units (both currently occupied by stable, long-term renters) and one newly-renovated 2 bedroom, 1 bathroom unit, currently vacant with market rent of $1,200 per month. Fully-occupied with current rent roll, the cap rate is 10.3 and once rent is brought up to full-market value, cap rate is 12.9. This home is walking distance to Jerome Brown Playground, Tioga Street Park, KIPP Philadelphia Elementary Academy, a new private high school, Hunting Park Ave, and all of the new construction and commerce coming to Allegheny West. Just minutes to SEPTA bus lines 60, 56, 33 and Manayunk/Norristown Regional Rail Line into Center City, and close proximity to Roosevelt Blvd, Temple University Hospital, and the Broad Street Subway, this home has a high Transit Score of 78. Property is being sold as-is and qualifies for special financing terms requiring less than $10K to purchase the home. Schedule your viewing of the home today!

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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: 2021-12-06T09:51:00.287.
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2115 W Ontario Street PHILADELPHIA, PA 19140

  • Price: $225,000
  • Status: Pending
  • On Site: 17 Days
  • Updated: 38 min ago
  • ID#: PAPH2046992
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,448
SQFT
$92
$/SQFT
1915
Built
Neighborhood:
Nicetown-Tioga
County:
Philadelphia
Area:
19140 (19140)
School District:
The School District Of Philadelphia
Property Description
Lovingly-maintained and newly-renovated triplex, 2115 W Ontario St is a turn-key, cash-flowing investment in the heart of Nicetown-Tioga ready for all savvy investors and owner-occupied investment home buyers! Nestled in the heart of a quiet, established, and friendly community, this triplex consists of two lovingly-maintained 1 bedroom, 1 bathroom units (both currently occupied by stable, long-term renters) and one newly-renovated 2 bedroom, 1 bathroom unit, currently vacant with market rent of $1,200 per month. Fully-occupied with current rent roll, the cap rate is 10.3 and once rent is brought up to full-market value, cap rate is 12.9. This home is walking distance to Jerome Brown Playground, Tioga Street Park, KIPP Philadelphia Elementary Academy, a new private high school, Hunting Park Ave, and all of the new construction and commerce coming to Allegheny West. Just minutes to SEPTA bus lines 60, 56, 33 and Manayunk/Norristown Regional Rail Line into Center City, and close proximity to Roosevelt Blvd, Temple University Hospital, and the Broad Street Subway, this home has a high Transit Score of 78. Property is being sold as-is and qualifies for special financing terms requiring less than $10K to purchase the home. Schedule your viewing of the home today!
Exterior Features

Architectural Style Straight Thru Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition ExcellentVery GoodGoodAverage Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2448 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall Unit Exclusions Owner And Tenant Personal Property Fireplaces Total 0 Heating Forced AirBaseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished None

Property Features

Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel Natural Gas Existing Lease Type Long TermMonth To Month Foundation Details Other Gross Income 13200.00 Heating Fuel Natural Gas Hot Water Electric Insurance Expense 1808.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 23230.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 4370.00 Operating Expense Includes Insurance Original MLSNumber 801200523512 Other Expense 1550.00 Owner Pays ElectricityInsuranceSewerTaxes - Real EstateWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1331.00 Tax Assessment Amount 95100.00 Tax Lot 180 Total Actual Rent 13200.00 Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning Rsa5

Listing courtesy of Coldwell Banker Realty.


©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: 2021-12-06T09:51:00.287.
 
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