NOT LISTED FOR SALE

Estimated Value: $582,000 - $776,420

-- Bed
3 Baths
2,400 Sq Ft
$292/Sq Ft Est. Value

Last Sold December 20, 2018

Last sale price $640,000 $267 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,974/month

Highlights

  • No HOA
  • Tile or Brick Flooring
  • Forced Air Heating and Cooling System
  • Intercom
  • En-Suite Primary Bedroom
  • Ceiling Fan

About This Home

As of December 2018

PRICE ADJUSTED TO SELL. EASIEST INVESTMENT PROPERTY ON THE MARKET! 46k NOI - 6.7 CAP! This is a rare opportunity to own a true turn-key and high performing zoned Triplex in East Passyunk Crossing, complete with 7 years left on the tax abatement. This building was completely gutted and rebuilt 3 years ago with all the latest modern finishes. Highest quality tenants in place and strong leases with 60 day notice clause. Building has been meticulously maintained with a cleaning service, HVAC service contracts that will transfer and fresh silvercoat on the roof. Tenants pay electric (separate), owner pays water. No Gas! All units are 2br/1ba. Unit 1 (1495) features HW/Lam Floors, Dedicated Central HVAC, Dedicated HW, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, and sole access to the Backyard. Unit 2 (1400) has a similar layout to Unit 1, but with Larger bedrooms. Unit 3 (1425) has the largest living area and bedrooms and awesome views. The common access basement includes tile floors, finished walls and ceilings, Coin-op Laundry (60/mo) and a locked and dedicated storage room for each apartment. Building also includes a Audio and Video Intercom system. Discounted Property Management Services available for a true turnkey investment. Property taxes are under appeal, so should be reduced next year!

Last Agent to Sell the Property

Sergio Altomare

(267) 225-4373 saltomare@kw.com Keller Williams Philadelphia Listed on: 10/08/2018

Keller Williams Philadelphia

Last Buyer's Agent

Edwin Lau

(267) 670-1363 edwinanchor1@gmail.com Anchor Commercial Development LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,099

Year Built

  • Built in 2015

Lot Details

  • 1,040 Sq Ft Lot
  • Lot Dimensions are 16x65
  • East Facing Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,400 Sq Ft Home
  • Ceiling Fan
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Intercom

Flooring

  • Laminate
  • Tile or Brick

Utilities

  • Forced Air Heating and Cooling System
  • Above Ground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 387
  • Assessor Parcel Number 394189200

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • East Passyunk Crossing Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Income includes laundry
  • Electric Expense $480
  • Insurance Expense $1,500
  • Maintenance Expense $1,200
  • Other Expense $150
  • Operating Expense $7,329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,099

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 150.00
  • Storage: Basement
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Flooring Type: Tile/Brick, Laminated
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Common
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 281.25
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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
  • Electric Expense: 480.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Intercom
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv, Natural Gas Available
  • Water Sewer Expenses: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 129022.00
  • Land Assessed Value: 92400.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16X65
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1040.00
  • Property Condition: Good
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 53000.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1149626
  • Tax Annual Amount: 3099.00
  • Assessor Parcel Number: 394189200
  • Tax Lot: 387
  • Tax Year: 2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Dec 20, 2018
Sold by
1910 S 11 St Lp
Bought by
Ni Ming and Lin Dan
Seller's Agent
Sergio Altomare
Keller Williams Philadelphia
Buyer's Agent
Edwin Lau
Anchor Commercial Development LLC
List Price
$710,000
Sold Price
$640,000
Premium/Discount to List
-$70,000
-9.86%
Current Estimated Value
$700,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,140
Avg. Annual Appreciation
1.32%

Purchase Details

Closed on
Jun 5, 2015
Sold by
Jpk Investment Llc
Bought by
1910 S 11 St Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 6, 2013
Closed on
Jun 19, 2014
Sold by
Lombo Nancy and The Estate Of Anthony Panarell
Bought by
Jpk Investment Llc
Seller's Agent
Mario Tropea Jr.
KW Empower
Buyer's Agent
Michael Giuda
EXP Realty, LLC
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Original Mortgage
$150,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 1978
Bought by
Anthony Panarello and Nancy Lombo
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
Ni Ming $640,000 The Abstract Co
1910 S 11 St Lp $440,000 None Available
Jpk Investment Llc $188,000 Patriot Land Transfer Llc
Anthony Panarello $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1910 S 11 St Lp $330,000
Previous Owner Jpk Investment Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2018 12/20/18 Sold $640,000 -5.2% $267 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/12/2018 11/12/18 Price Changed $675,000 -1.5% $281 / Sq Ft
11/02/2018 11/02/18 Price Changed $685,000 -2.0% $285 / Sq Ft
10/22/2018 10/22/18 Price Changed $699,000 -1.5% $291 / Sq Ft
10/08/2018 10/08/18 For Sale $710,000 +273.7% $296 / Sq Ft
06/19/2014 06/19/14 Sold $190,000 -5.0% $89 / Sq Ft View Prior Sale
05/13/2014 05/13/14 Pending -- -- --
11/06/2013 11/06/13 For Sale $199,900 -- $94 / 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 $3,628 $669,800 $133,960 $535,840
2024 $3,628 $669,800 $133,960 $535,840
2023 $3,628 $568,400 $113,680 $454,720
2022 $3,347 $259,190 $113,680 $145,510
2021 $3,347 $0 $0 $0
2020 $3,347 $0 $0 $0
2019 $3,099 $0 $0 $0
2018 $688 $0 $0 $0
2017 $3,996 $0 $0 $0
2016 $3,996 $0 $0 $0
2015 $2,376 $0 $0 $0
2014 -- $177,300 $19,610 $157,690
2012 -- $11,744 $1,410 $10,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009117268

Bright MLS

APN: 394189200