NOT LISTED FOR SALE

2057 E Allegheny Ave Philadelphia, PA 19134

Harrowgate Neighborhood

Estimated Value: $179,000 - $194,146

-- Bed
2 Baths
2,280 Sq Ft
$83/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $128,500 $56 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,247/month

58 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Radiator
  • 1 Fireplace
  • Efficiency Studio

About This Home

As of November 2020

Currently 8 - 9 cap opportunity and could be 10+. Currently leased up at $1550/ month, market rent commands $1900! This is a fantastic opportunity for an investor or owner-occupant. Legal duplex with a bonus finished basement unit. All units are occupied with happy, responsible tenants on month-to-month leases. All units are lease below market rent with a total rent roll of $1550 - Market rent roll - $1900. Unit 1: 1 bed, 1 bath with fireplace - $550 - Potential rent $650 Unit 2: 2 bed, 1 bath, newly installed LVP flooring - $650 - Potential rent $750 Basement: Studio rented for $350 - Potential rent $500 This is a well maintained building that never sees vacancy. The 60 bus stop is on the corner and the building sees extremely high demand. The large pool of potential renters allows the owner to choose excellent tenants who love to stay long term. Units 1 and 2 are separately metered. Owner has replaced 1 furnace and 2 hot water heaters in recent years. Dollar General is on the block and Walgreens is a short walk away. Showings may be difficult to coordinate so be sure that all decision makers are present and request with plenty of notice - minimum 24 hours but expect longer. COVID-PAN & COVID-HSA forms, Pre-approval or proof of funds required. All parties to follow PAR suggested best practices-guidelines. Please see Seller's Property Disclosure before setting up an appointment.

Last Agent to Sell the Property

Ryan McLaughlin

KW Empower Listed on: 08/26/2020

KW Empower

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,393

Year Built

  • Built in 1920

Lot Details

  • 1,119 Sq Ft Lot
  • Lot Dimensions are 15.54 x 72.00
  • Property is in good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Studio
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 1 Fireplace
  • Efficiency Studio
  • Gas Oven or Range

Finished Basement

  • Heated Basement
  • Exterior Basement Entry

Schools

  • Kensington High School

Utilities

  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 68
  • Assessor Parcel Number 452005500

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building
  • Kensington Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $18,600
  • Net Operating Income $16,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,393

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant belongings, including AC units and refrigerators
  • Home Warranty: No
  • Inclusions: ovens/ ranges
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Remarks Public: Currently 8 - 9 cap opportunity and could be 10+. Currently leased up at $1550/ month, market rent commands $1900! This is a fantastic opportunity for an investor or owner-occupant. Legal duplex with a bonus finished basement unit. All units are occupied with happy, responsible tenants on month-to-month leases. All units are lease below market rent with a total rent roll of $1550 - Market rent roll - $1900. Unit 1: 1 bed, 1 bath with fireplace - $550 - Potential rent $650 Unit 2: 2 bed, 1 bath, newly installed LVP flooring - $650 - Potential rent $750 Basement: Studio rented for $350 - Potential rent $500 This is a well maintained building that never sees vacancy. The 60 bus stop is on the corner and the building sees extremely high demand. The large pool of potential renters allows the owner to choose excellent tenants who love to stay long term. Units 1 and 2 are separately metered. Owner has replaced 1 furnace and 2 hot water heaters in recent years. Dollar General is on the block and Walgreens is a short walk away. Showings may be difficult to coordinate so be sure that all decision makers are present and request with plenty of notice - minimum 24 hours but expect longer. COVID-PAN & COVID-HSA forms, Pre-approval or proof of funds required. All parties to follow PAR suggested best practices-guidelines. Please see Seller's Property Disclosure before setting up an appointment.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas
  • Interior Amenities: Efficiency, Studio
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Room Count: 6
  • Basement: Yes
  • Basement Type: Outside Entrance, Fully Finished, Heated
  • Total Sq Ft: 2280
  • Living Area Sq Ft: 2280
  • Price Per Sq Ft: 85.44
  • Above Grade Finished Sq Ft: 1580
  • Below Grade Finished Sq Ft: 700
  • Total Below Grade Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2057

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Sidewalks
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 300.00
  • Central Air Conditioning: No
  • Monthly Average Electric: 87
  • Previous Twelve Months Electric Expense: 1044.00
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Water Available, Cable Tv Available
  • Monthly Water Average: 85
  • Water Previous Twelve Months: 1016.80
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • High School: KENSINGTON
  • High School Source: 3rd Party
  • School District Key: 300200397108
  • School District Source: 3rd Party
  • High School: KENSINGTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 78705.00
  • Land Assessed Value: 20795.00
  • Land Use Code: U30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.54 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1119.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: I2

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 18600.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1207554
  • School Tax: 764.00
  • Tax Annual Amount: 1393.00
  • Assessor Parcel Number: 452005500
  • Tax Lot: 68
  • Tax Total Finished Sq Ft: 1580
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/23/2020

Multi Family

  • Gross Income: 18600.00
  • Gross Scheduled Income: 18600.00
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Nov 21, 2020
Sold by
Rosado Jessica
Bought by
2057 E Allegheny Ave Llc
Seller's Agent
Ryan McLaughlin
KW Empower
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$169,000
Sold Price
$128,500
Premium/Discount to List
-$40,500
-23.96%
Current Estimated Value
$188,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,215
Avg. Annual Appreciation
10.27%
Original Mortgage
$190,700
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2002
Sold by
Vezzosi Thomas J and Vezzosi Ruth A
Bought by
Albright Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
6.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
2057 E Allegheny Ave Llc $128,500 World Wide Land Transfer Inc
Albright Lawrence $30,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2057 E Allegheny Ave Llc $210,600
Closed 2057 E Allekgheny Ave Llc $190,700
Previous Owner Rosado Jessica $135,380
Previous Owner Rosado Jessica $148,724
Previous Owner Albright Lawrence $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $128,500 -4.8% $56 / Sq Ft
10/21/2020 10/21/20 Price Changed $135,000 -2.1% $59 / Sq Ft
09/30/2020 09/30/20 Price Changed $137,900 -4.8% $60 / Sq Ft
09/22/2020 09/22/20 Price Changed $144,900 -3.1% $64 / Sq Ft
09/16/2020 09/16/20 Price Changed $149,500 -2.9% $66 / Sq Ft
09/09/2020 09/09/20 Price Changed $154,000 -8.9% $68 / Sq Ft
08/27/2020 08/27/20 For Sale $169,000 +31.5% $74 / Sq Ft
08/26/2020 08/26/20 Off Market $128,500 -- --
08/26/2020 08/26/20 For Sale $169,000 -- $74 / 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 $2,623 $203,000 $40,600 $162,400
2024 $2,623 $203,000 $40,600 $162,400
2023 $2,623 $187,400 $37,480 $149,920
2022 $1,393 $187,400 $37,480 $149,920
2021 $1,393 $0 $0 $0
2020 $1,393 $0 $0 $0
2019 $1,293 $0 $0 $0
2018 $1,705 $0 $0 $0
2017 $1,705 $0 $0 $0
2016 $1,705 $0 $0 $0
2015 $1,632 $0 $0 $0
2014 -- $121,800 $11,923 $109,877
2012 -- $10,656 $2,131 $8,525
Source: Public Records

Agents Affiliated with this Home

  • Ryan McLaughlin

    Seller's Agent in 2020

    Ryan McLaughlin

    KW Empower

    (215) 498-4379

    1 in this area

    69 Total Sales

    Ryan McLaughlin
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Map

Source: Bright MLS

MLS Number: PAPH928934

Bright MLS

APN: 452005500

Pennsylvania Philadelphia County Philadelphia 19134 Harrowgate

2057 E Allegheny Ave, Philadelphia, PA

This home is located at 2057 E Allegheny Ave, Philadelphia, PA 19134 since 26 August 2020 and is currently estimated at $188,715, approximately $82 per square foot. This property was built in 1920. 2057 E Allegheny Ave is a home located in Philadelphia County with nearby schools including John H. Webster School, Kensington High School, and Kensington Health Sciences Academy.

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