Value add 6 unit with under performing rents. Average rents in the area are $775 - 1 beds and $1200 for 2 beds. Building is operating as non-conforming use, legal 4 unit with 6 units layout. Seller can obtain rental licenses prior to closing. Gross rent for average area should be $4900.
MLS# | PAPH2050056 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1949 |
Days On Site | 1010 |
Listing Provided By | KW Empower | Richard K Cassell |
SQ Feet | 3,027 |
---|---|
Zoning | RSA5 |
Acreage | 0.04 |
State | PA |
---|---|
County | Philadelphia |
City | Philadelphia |
Zip Code | 19140 |
Area | 19140 |
School District | The School District Of Philadelp |
Listing VS Median (in 19140) | |
Price: $395,000 low | high Med: $110,000 SqFt: 3,027 low | high Med: 754 $ / SqFt: $130 low | high Med: $146 On Site: 1010 low | high Med: 136.000000 |