Seller's Agent in 2018
Michael McCann
KW Empower
(215) 778-0901
8 in this area
1,675 Total Sales
205 S 52nd St Philadelphia, PA 19139
Cobbs Creek Neighborhood
--
Bed
--
Bath
4,233
Sq Ft
1,061
Sq Ft Lot
Highlights
- No HOA
- 4-minute walk to 52Nd Street
- Heating System Uses Gas
- En-Suite Primary Bedroom
About This Home
As of February 2018Attention Savvy investors, these commercial properties offer an Amazing rate of return, with over $97,000.00 per year in gross income and very little expenses. Almost all of the commercial leases are triple net, and the tenants are all long term. 52nd Street is the largest commercial corridor in West Philadelphia, and is always bustling!! This package consists of four contiguous store fronts and three apartments, all currently rented, There is value add room in the package, several of the upper floors are vacant, and could easily be converted to apartments. In addition, the owners have been very lenient with rental increases, which a new investor could take advantage of. Seller pays approximately $8,000.00 in expenses per year, all other are absorbed by the tenants. All leases are attached, feel free to call or email with any questions. All showings will be set with the property manger, who will be happy to show you the entire package. These properties can also be sold with the duplex listing at 5703 Baltimore Avenue, which is owned by the same sellers.
Last Agent to Sell the Property
mccann@mccannteam.com KW Empower License #AB049770L Listed on: 11/10/2017
Last Buyer's Agent
mccann@mccannteam.com KW Empower License #AB049770L Listed on: 11/10/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,559
Year Built
- Built in 1925
Lot Details
- 1,061 Sq Ft Lot
- Lot Dimensions are 45x70
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- En-Suite Primary Bedroom
- 4,233 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 130
- Assessor Parcel Number 871400515
Community Details
Overview
- No Home Owners Association
- Philadelphia Subdivision
Building Details
- Operating Expense $7,059
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2017
Closed on
Feb 7, 2018
Sold by
52Nd Street Group Llc
Bought by
Kalidave Limited Partnership
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Michael McCann
KW Empower
List Price
$899,000
Sold Price
$825,000
Premium/Discount to List
-$74,000
-8.23%
Purchase Details
Closed on
Jan 10, 2005
Sold by
Leiber David and Leiber Gregory
Bought by
52Nd Street Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
6.31%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kalidave Limited Partnership | $825,000 | Olde City Abstract Inc | |
| 52Nd Street Group Llc | $805,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 52Nd Street Group Llc | $603,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2018 02/07/18 | Sold | $825,000 | -8.2% | $195 / Sq Ft |
| 12/13/2017 12/13/17 | Pending | -- | -- | -- |
| 11/10/2017 11/10/17 | For Sale | $899,000 | -- | $212 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,744 | $224,500 | $44,900 | $179,600 |
| 2024 | $2,744 | $224,500 | $44,900 | $179,600 |
| 2023 | $2,772 | $196,000 | $39,200 | $156,800 |
| 2022 | $1,401 | $198,000 | $39,600 | $158,400 |
| 2021 | $1,401 | $0 | $0 | $0 |
| 2020 | $1,401 | $0 | $0 | $0 |
| 2019 | $1,389 | $0 | $0 | $0 |
| 2018 | $1,349 | $0 | $0 | $0 |
| 2017 | $1,559 | $0 | $0 | $0 |
| 2016 | $1,559 | $0 | $0 | $0 |
| 2015 | $1,493 | $0 | $0 | $0 |
| 2014 | -- | $111,400 | $15,800 | $95,600 |
| 2012 | -- | $22,400 | $4,480 | $17,920 |
Source: Public Records
Agents Affiliated with this Home
-
Michael McCann
-
Stuart Cohen
Seller Co-Listing Agent in 2018
Stuart Cohen
KW Empower
(215) 275-0800
3 in this area
161 Total Sales
Map
Source: Bright MLS
MLS Number: 1004125139
APN: 871252700
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