NOT LISTED FOR SALE

Estimated Value: $611,000 - $740,155

-- Bed
4 Baths
2,085 Sq Ft
$327/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $464,000 $223 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,236/month

Highlights

  • Traditional Architecture
  • Central Air
  • Heat Pump System
  • No HOA
  • Property is in very good condition
  • 3-minute walk to Martin Luther King Recreation

About This Home

As of June 2019

Large four unit apartment building with strong rental income for sale. This property was newly renovated and includes many upgrades. Unit #1 is a spacious 1bed/1bath with hardwood floors throughout, kitchen has cherry wood cabinets with granite counters and dishwasher, range, above range microwave and refrigerator. Unit also contains a big bathroom with laundry area (washer and dryer included), central air and security cameras. The other three units (2,3&4) are identical in size and layout with 2beds/2baths, hardwood floors throughout, kitchens with cherry wood cabinets, granite counters, dishwasher, range, above range microwave and refrigerator. These units also have big bathrooms with laundry area (washer and dryer included) and central air. Building has nice views of the city and is just minutes from Temple University. This is a very strong income generating property. Great for owner occupants (Qualifies for FHA financing) or investors interested in increasing their portfolio. This area has had continuous growth and development. Don't miss this opportunity to own a property in a high demand area.

Last Agent to Sell the Property

Shawn Washington

(610) 766-1682 shawn@shawnwashington.com Keller Williams Main Line Listed on: 03/01/2019

Keller Williams Main Line

Last Buyer's Agent

Terrell Brown

(267) 621-4412 tbrown2025@gmail.com Realty Mark Cityscape-King of Prussia

Realty Mark Cityscape-King of Prussia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,608

Lot Details

  • 885 Sq Ft Lot
  • Lot Dimensions are 15.00 x 59.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • 2,085 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Flat Roof Shape
  • Masonry

Schools

  • Meade Gen George Elementary School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 151
  • Assessor Parcel Number 472120900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,608

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Remarks Public: Large four unit apartment building with strong rental income for sale. This property was newly renovated and includes many upgrades. Unit #1 is a spacious 1bed/1bath with hardwood floors throughout, kitchen has cherry wood cabinets with granite counters and dishwasher, range, above range microwave and refrigerator. Unit also contains a big bathroom with laundry area (washer and dryer included), central air and security cameras. The other three units (2,3&4) are identical in size and layout with 2beds/2baths, hardwood floors throughout, kitchens with cherry wood cabinets, granite counters, dishwasher, range, above range microwave and refrigerator. These units also have big bathrooms with laundry area (washer and dryer included) and central air. Building has nice views of the city and is just minutes from Temple University. This is a very strong income generating property. Great for owner occupants (Qualifies for FHA financing) or investors interested in increasing their portfolio. This area has had continuous growth and development. Don't miss this opportunity to own a property in a high demand area.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 2085
  • Living Area Sq Ft: 2085
  • Price Per Sq Ft: 218.18
  • Above Grade Finished Sq Ft: 2085
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1631

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat
  • Spa: No
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: MEADE GEN GEORGE
  • Elementary School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Elementary School: MEADE GEN GEORGE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 240100.00
  • Land Assessed Value: 89100.00
  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 59.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 885.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: RSA5
  • Zoning Description: Approved Zoning Variance for Quadplex

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1221717
  • School Tax: 2529.00
  • Tax Annual Amount: 4608.00
  • Assessor Parcel Number: 472120900
  • Tax Lot: 151
  • Tax Total Finished Sq Ft: 2085
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/12/2019

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jun 14, 2019
Sold by
Turner Joshuah R
Bought by
Neal Christian N
Seller's Agent
Shawn Washington
Keller Williams Main Line
Buyer's Agent
Terrell Brown
Realty Mark Cityscape-King of Prussia
List Price
$475,000
Sold Price
$464,000
Premium/Discount to List
-$11,000
-2.32%
Current Estimated Value
$681,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,718
Avg. Annual Appreciation
6.24%
Original Mortgage
$456,478
Outstanding Balance
$398,471
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$283,247

Purchase Details

Closed on
Mar 1, 2017
Sold by
2135 17Th Street Llc
Bought by
Turner Joshuah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,022
Interest Rate
4.03%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Neal Christian N $464,900 First Amer Abstract Of Pa Ll
Turner Joshuah R $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neal Christian N $456,478
Previous Owner Turner Joshuah R $324,022
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $464,000 +2.0% $223 / Sq Ft
04/26/2019 04/26/19 Price Changed $454,900 -4.2% $218 / Sq Ft
03/01/2019 03/01/19 For Sale $475,000 -- $228 / 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 $7,588 $534,100 $106,820 $427,280
2024 $7,588 $534,100 $106,820 $427,280
2023 $7,588 $542,100 $108,400 $433,700
2022 $4,766 $542,100 $108,400 $433,700
2021 $4,766 $0 $0 $0
2020 $4,766 $0 $0 $0
2019 $4,608 $0 $0 $0
2018 $3,418 $0 $0 $0
2017 $3,502 $0 $0 $0
2016 $3,502 $0 $0 $0
2015 $3,353 $0 $0 $0
2014 -- $250,200 $4,992 $245,208
2012 -- $3,872 $353 $3,519
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH722300

Bright MLS

APN: 472120900