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Philadelphia,PA 19119
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $150
Subdivision Mt Airy (East)
MLS Listing ID PAPH2509682
Style Victorian,Other
Year Built 1890
Annual Tax Amount $9,970
Tax Year 2024
Lot Size 2,783 Sqft
Property Sub-Type Detached
Property Description
Rarely offered, Beautiful 1880's Grain Mill Building converted in three (3) apartments with a huge adjoining/attached garage-warehouse studio space, with overhead garage door and driveway. All three (3) apartments, tastefully renovated, each with huge light-filled 6 over 6 muntins (aka montant) windows in each unit. All apartments are 2 Bedroom 1 bath approximately 1200 sf each, and in excellent condition with Central Air Conditioning, in-unit private laundry, recently refinished original wood plank flooring.
Open floor plan layout. Ideally configured with a living room, dining area, Island Kitchen. All separate utilities-tenants pay HVAC, electric, gas domestic hot water.
Bonus and not currently leased (owner occupied) projected rent $1500- large commercial grade ware house- studio space, includes separate gas fired hot water heat-radiators, separate electric meter, toilet and work/wash tub area. Concrete slab floor, high 13' ceiling height, large overhead garage door-very secure.
Gross yearly rental income ($72,000) includes projected garage/studio space rent of $1500 per month.
Yearly expenses range in the low to mid $20,000's and include owner paying RE Taxes, Building Insurance, Trash Tax, Fire/Smoke Alarm fee, Maintenance and Repairs. Would make a fabulous investment or even some mixture of an owner occupied situation.
24 HOUR NOTICE for showings.
All showings through agent.
Location
State PA
County Philadelphia
Area 19119 (19119)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood,Wood
Inclusions All Appliances
Equipment Dishwasher,Dryer - Gas,Exhaust Fan,Oven/Range - Gas,Range Hood,Refrigerator,Washer,Washer/Dryer Stacked
Exterior
Parking Features Additional Storage Area,Garage - Side Entry,Oversized,Inside Access
Garage Spaces 8.0
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard