NOT LISTED FOR SALE

2126-32 E Somerset St Philadelphia, PA 19134

Port Richmond Neighborhood
-- Bed
-- Bath
19,298 Sq Ft
10,240 Sq Ft Lot

Last Sold May 17, 2021

Last sale price $1,125,000 $58 Per Sq Ft

27 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • 4 Car Direct Access Garage
  • East Facing Home

About This Home

As of May 2021

Investor or Developer. 9 UNITS TOTAL. Lot size 10,240 sqft. Great opportunity to acquire a significant parcel in a sought after area for both residential and commercial uses in Philadelphia. RSA5 zoning. Huge 19,298 sqft building, goes from street to street. Property is situated in a energized, gentrifying neighborhood. Surrounded by new developments. Just blocks away from entertainment and public transportation to Center City. The existing building provides the ability to hold & market as rental space which has a large center courtyard. Several of the units are made up with apartment floor plans, spacious artist studios and several undeveloped spaces being rented as garages and are very well ventilated and secure. This is a multi-use, it has apartments, artist spaces and oversized garages. Rent gross approximately $107,340 per year. (4) 1 br apartments, (1) 2br apartment, (6) artist studios, (3) separate spacious garages totaling 6000 sqft. Or demo to take advantage of the full lot size and maximize profits. This site borders Fishtown, East Kensington and Port Richmond Philadelphia. Steps away from both Kensington Avenue and Aramingo Avenue one of the primary commercial corridors serving the surrounding areas.

Last Agent to Sell the Property

Ray Caceres

(215) 669-6166 raypennliberty@gmail.com Penn Liberty Real Estate Listed on: 01/20/2021

Last Buyer's Agent

Ray Caceres

(215) 669-6166 raypennliberty@gmail.com Penn Liberty Real Estate Listed on: 01/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,396

Year Built

  • Built in 1929

Lot Details

  • 10,240 Sq Ft Lot
  • Lot Dimensions are 27x86
  • East Facing Home
  • Property is in good condition

Parking

  • 4 Car Direct Access Garage
  • 8 Open Parking Spaces
  • Garage Door Opener

Home Design

  • 19,298 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

  • Hot Water Baseboard Heater
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 884345235

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $3,011
  • Net Operating Income $73,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,396

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick, Laminated
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Total Sq Ft: 19298
  • Living Area Sq Ft: 19298
  • Price Per Sq Ft: 59.59
  • Above Grade Finished Sq Ft: 19298
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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 Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Garage Features: Inside Access, Garage Door Opener, Oversized
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water & Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 27X86
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10240.00
  • Property Condition: Good
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Rent Control: No
  • Total Actual Rent: 107340.00
  • Units Leased Count: 9
  • Vacation Rental: No

Tax Info

  • School Tax: 1863.00
  • Tax Annual Amount: 3396.00
  • Assessor Parcel Number: 884345235
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Gross Income: 107340.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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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
05/17/2021 05/17/21 Sold $1,125,000 0.0% $58 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/12/2021 02/12/21 Off Market $1,125,000 -- --
01/20/2021 01/20/21 For Sale $1,150,000 -- $60 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ray Caceres

    Seller's Agent in 2021

    Ray Caceres

    Penn Liberty Real Estate

    (215) 669-6166

    4 in this area

    58 Total Sales

    Ray Caceres
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Map

Source: Bright MLS

MLS Number: PAPH980360

Bright MLS
Pennsylvania Philadelphia County Philadelphia 19134 Port Richmond

2126-32 E Somerset St, Philadelphia, PA

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