NOT LISTED FOR SALE

Estimated Value: $381,000 - $408,000

-- Bed
3 Baths
1,880 Sq Ft
$209/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $345,000 $184 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,489/month

15 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Radiator

About This Home

As of September 2021

Attention investors! Well-maintained, Large Corner Property Triplex located in Northeast Philadelphia! This property is one of the largest investment properties in the area offering a total of 4 units. The 1st and 2nd floor units each offer 2 beds, 1 bath, and have recently been renovated with luxury surfaces , such as granite countertops, custom tile work, and many more features! The Basement houses two additional units, both1 bed, 1 bath, and are currently being renovated. Upon completion, this building has the potential to provide 4 streams of solid passive income and cash flow. Both 1st and 2nd floor units are currently occupied by long-term tenants under a lease agreement that pay on time, and are respectful. Parking is not an issue here as there is an abundance of off-street & curbside parking, in addition to the the rear driveway & cement slab which offers parking for 4 vehicles. This is a great opportunity to get your hands on a very rare 4-unit building in a highly desired area, conveniently located in the Northeast section of the City within close proximity to Schools, Shopping, Parks, Major Highways, and PublicTransportation/Train Stations. Nearby landmarks include: Cottman Mall, Northeast High School, Elkins Park Hospital, 5 Points intersection, Roosevelt Blvd, and just a short drive from Willow Grove Mall where you'll find luxury stores and shops! *All offers due by end of business day Friday. Contact the listing agent for more details.

Last Agent to Sell the Property

Pete Crespo

Keller Williams Main Line Listed on: 07/23/2021

Keller Williams Main Line

Last Buyer's Agent

Jinny Yang

RE/MAX Access

RE/MAX Access

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1947

Lot Details

  • 2,936 Sq Ft Lot
  • Lot Dimensions are 27.00 x 108.75

Home Design

  • 1,880 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Masonry

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Utilities

  • Radiator
  • Electric Water Heater

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Lot 539
  • Assessor Parcel Number 532043900

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Philadelphia Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,476

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-07-23
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1880
  • Living Area Sq Ft: 1880
  • Price Per Sq Ft: 180.80
  • Above Grade Finished Sq Ft: 1880
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1201

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: W30
  • Lot Size Acres: 0.07
  • Lot Dimensions: 27.00 x 108.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2936.00
  • Year Assessed: 2021
  • Zoning: RSA5

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 1359.00
  • Tax Annual Amount: 2476.00
  • Assessor Parcel Number: 532043900
  • Tax Lot: 539
  • Tax Total Finished Sq Ft: 1880
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/30/2021

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 30, 2021
Sold by
Salas Gabriel A
Bought by
Cheng Feng Investment Llc
Seller's Agent
Pete Crespo
Keller Williams Main Line
Buyer's Agent
Jinny Yang
RE/MAX Access
List Price
$339,900
Sold Price
$345,000
Premium/Discount to List
$5,100
1.5%
Current Estimated Value
$392,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,506
Avg. Annual Appreciation
2.61%
Original Mortgage
$258,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2009
Sold by
Amorim Leoni and Rocha Leoni
Bought by
Salas Gabriel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,278
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2003
Sold by
Amorim Maurino and Amorim Leoni
Bought by
Amorim Leoni

Purchase Details

Closed on
Mar 30, 2001
Sold by
Venda Paulo F and Cunha Antonio
Bought by
Amorim Maurino and Amorim Leoni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,141
Interest Rate
6.97%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cheng Feng Investment Llc $345,000 None Listed On Document
Salas Gabriel A $199,900 None Available
Amorim Leoni -- --
Amorim Maurino $94,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Feng Investment Llc $258,750
Previous Owner Salas Gabriel A $196,278
Previous Owner Amorim Maurino $94,141
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $345,000 +1.5% $184 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $339,900 -- $181 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,258 $358,100 $71,600 $286,500
2024 $4,258 $358,100 $71,600 $286,500
2023 $4,258 $304,200 $60,840 $243,360
2022 $2,476 $304,200 $60,840 $243,360
2021 $2,476 $0 $0 $0
2020 $2,476 $0 $0 $0
2019 $2,375 $0 $0 $0
2018 $2,388 $0 $0 $0
2017 $2,388 $0 $0 $0
2016 $2,388 $0 $0 $0
2015 $2,286 $0 $0 $0
2014 -- $170,600 $42,903 $127,697
2012 -- $22,304 $4,213 $18,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2010714

Bright MLS

APN: 532043900