$1,175,000
$1,250,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
4,500 SqFt
SOLD DATE : 04/22/2019
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $261
Subdivision Olde Kensington
MLS Listing ID PAPH258478
Sold Date 04/22/19
Style Other
HOA Y/N N
Abv Grd Liv Area 4,500
Originating Board TREND
Year Built 2018
Annual Tax Amount $1,302
Tax Year 2018
Lot Size 1,913 Sqft
Acres 0.04
Lot Dimensions 21X90
Property Description
Calling all investors or savvy owner occupants looking to offset their mortgage payments while owning an exquisite quadplex in red hot South Kensington. Featuring 4 high end units each with all their own unique features. Unit 1 is a 2 bedroom, 2 bathroom bi-level space with a private back yard. The 2nd-floor unit is also a 2 bedroom, 2 bathroom (single level) unit with a private rear balcony. The 3rd-floor unit is a 2 bedroom, 2 bathroom bi-level with a personal rear balcony as well as dedicated entrance to the roof deck. Lastly, the 4th-floor unit is a bi-level 2 bedroom, 2 bathroom unit with its own personal entrance to the roof deck. Each unit is equipped with state of the art appliances, finishes, hardwood floors and central air. Interior photos of the listing are of similar projects completed by the same builder. Anticipated delivery first quarter 2019. CAP RATE over 6 makes very attractive for income producing asset or opportunity to sell as condos. Mandy condo comps over $300K for similar size. Delivery 1st quarter 2019. Can show now.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry Hookup
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 182282300
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Frances A Prieto • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "