NOT LISTED FOR SALE
Studio
-- Bath
2,510 Sq Ft
927 Sq Ft Lot Lot

Sale Details

Date Sold: May 13, 2022

Last sale price $545,000 $217 Per Sq Ft

306 Days on Market

Highlights

  • Straight Thru Architecture
  • 3-minute walk to Tasker-Morris
  • Electric Baseboard Heater
  • No HOA
  • Window Unit Cooling System
  • 3-minute walk to Di Silvestro Playground

About This Home

As of May 2022

Income-producing triplex with terrific owner occupant options in a prime Newbold location! Unit A - 3 Bedroom / 2 Bathroom - Currently vacant with recent rent $1,800/mo. Unit B - 1 Bedroom / 1 Bathroom with Finished Basement - Currently vacant with recent rent $1,300/mo. Unit C - 1 Bedroom / 1 Bathroom bi-level corner unit - Rented at $1,300/mo. for one year lease ending September 2022. Total proven monthly income potential $4,400. Two vacant units provide an immediate owner occupant opportunity with flexibility to pick a smaller or larger unit. Move in right away and have your mortgage paid for in a fantastic location. Seller is aiming to have have both vacant units rented to deliver a fully active rent roll . Act quickly if looking to occupy! Lots of value add potential here. Area has only improved and will continue to do so. Schedule your showing today!

Last Agent to Sell the Property

Christina Briglia

(215) 627-3500 vicki@kwempower.com KW Empower Listed on: 05/13/2021

KW Empower

Last Buyer's Agent

Michael Giordano Sr.

(215) 334-3333 michaelg1608@aol.com Century 21 Forrester Real Estate License #1758195

Century 21 Forrester Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,600

Year Built

  • Built in 1915

Lot Details

  • 927 Sq Ft Lot
  • Lot Dimensions are 16.50 x 56.16

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Masonry

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Tax Lot 120
  • Assessor Parcel Number 871172500

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Newbold Subdivision

Building Details

  • 2 Vacant Units
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Manager Expense $4,224
  • Net Operating Income $41,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,600

Year Built

Built in 1915

Lot Details

927 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: Yes
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 2510
  • Living Area Sq Ft: 2510
  • Price Per Sq Ft: 243.72
  • Above Grade Finished Sq Ft: 2310
  • Below Grade Finished Sq Ft: 200
  • Total Below Grade Sq Ft: 200
  • Above Grade Finished Area Units: Square Feet

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Electric, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 4224.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 205760.00
  • Land Assessed Value: 51440.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.50 x 56.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 927.00
  • Zoning: RSA5

Rental Info

  • Number Of Units Month To Month: 1
  • Total Actual Rent: 52800.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1125286
  • School Tax: 1975.00
  • Tax Annual Amount: 3600.00
  • Assessor Parcel Number: 871172500
  • Tax Lot: 120
  • Tax Data Updated: Yes
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 52800.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 3.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2022 05/13/22 Sold $545,000 -3.2% $217 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/02/2022 02/02/22 Price Changed $563,000 -1.7% $224 / Sq Ft
01/03/2022 01/03/22 Price Changed $573,000 -3.4% $228 / Sq Ft
11/30/2021 11/30/21 For Sale $593,000 +8.8% $236 / Sq Ft
10/07/2021 10/07/21 Off Market $545,000 -- --
08/13/2021 08/13/21 Price Changed $593,000 -0.3% $236 / Sq Ft
05/13/2021 05/13/21 For Sale $595,000 0.0% $237 / Sq Ft
10/01/2020 10/01/20 Rented $1,300 +8.3% --
09/25/2020 09/25/20 Under Contract -- -- --
08/31/2020 08/31/20 Price Changed $1,200 -7.7% $1 / Sq Ft
08/18/2020 08/18/20 Price Changed $1,300 -7.1% $1 / Sq Ft
08/06/2020 08/06/20 Price Changed $1,400 0.0% $1 / Sq Ft
08/06/2020 08/06/20 For Rent $1,400 -6.7% --
07/11/2020 07/11/20 Off Market $1,500 -- --
05/29/2020 05/29/20 For Rent $1,500 -- --
Source: Bright MLS

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
2026 $4,470 $276,400 $55,280 $221,120
2025 $4,470 $276,400 $55,280 $221,120
2024 $4,470 $276,400 $55,280 $221,120
2023 $4,470 $319,300 $63,860 $255,440
2022 $3,600 $319,300 $63,860 $255,440
2021 $3,600 $0 $0 $0
2020 $3,600 $0 $0 $0
2019 $3,565 $0 $0 $0
2018 $3,462 $0 $0 $0
2017 $2,587 $0 $0 $0
2016 $2,587 $0 $0 $0
2015 $2,476 $0 $0 $0
2014 -- $184,800 $18,500 $166,300
2012 -- $10,240 $1,734 $8,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH1017422

Bright MLS
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