2337 S Alder St Philadelphia, PA 19148
South Philadelphia East Neighborhood
--
Bed
--
Bath
4,800
Sq Ft
2,400
Sq Ft Lot
Highlights
- Wood Flooring
- 4 Car Attached Garage
- En-Suite Primary Bedroom
- No HOA
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating and Cooling System
About This Home
As of December 2017TURN KEY, CASH FLOWING INVESTMENT!!!!! Amazing opportunity for a contractor or investor in the Lower Moyamensing area of Philadelphia. Spanning three addresses long, this building is 48 feet wide and contains almost a 2,000/SF garage on the first floor that is currently occupied by an HVAC company. Upstairs are 3 turn-key, occupied 1 bedroom apartments that were all recently renovated and bringing in great income. This property will cash flow from the gate. It is currently generating over 51K gross income per year with more potential! It is a LEGAL 5 UNIT BUILDING, that currently houses 3 apartments and one commercial garage. There is an additional raw space that can legally be converted into another residential unit to generate more income. The possibilities are endless. The occupant in the garage can stay or go, depending on terms of the sale.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,187
Year Built
- Built in 1925
Lot Details
- 2,400 Sq Ft Lot
- Lot Dimensions are 48x50
Parking
- 4 Car Attached Garage
- 5 Open Parking Spaces
- Garage Door Opener
- On-Street Parking
Home Design
- 4,800 Sq Ft Home
- Quadruplex
- Converted Dwelling
- Flat Roof Shape
- Brick Exterior Construction
- Vinyl Siding
- Stucco
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating and Cooling System
- Radiator
- Heating System Uses Gas
- Baseboard Heating
- 200+ Amp Service
- 100 Amp Service
- 60 Amp Service
- Electric Water Heater
Additional Features
- En-Suite Primary Bedroom
- Laundry in unit
Listing and Financial Details
- Tax Lot 124
- Assessor Parcel Number 394119900
Community Details
Overview
- No Home Owners Association
- Lower Moyamensing Subdivision
Building Details
- Insurance Expense $2,000
- Operating Expense $6,187
Similar Homes in Philadelphia, PA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | For Sale | $625,000 | 0.0% | $130 / Sq Ft |
| 01/30/2025 01/30/25 | For Sale | $625,000 | +10.6% | $130 / Sq Ft |
| 12/15/2017 12/15/17 | Sold | $565,000 | -5.8% | $118 / Sq Ft |
| 11/06/2017 11/06/17 | Pending | -- | -- | -- |
| 10/23/2017 10/23/17 | For Sale | $599,900 | -- | $125 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Eric Gerchberg
Seller's Agent in 2025
Eric Gerchberg
KW Empower
(914) 393-3335
1 in this area
90 Total Sales
-
Melanie Gerchberg
Seller Co-Listing Agent in 2025
Melanie Gerchberg
KW Empower
(215) 805-1069
69 Total Sales
-
Michael Scipione
Seller's Agent in 2017
Michael Scipione
Coldwell Banker Realty
(215) 768-7533
7 in this area
150 Total Sales
-
Patrick Campbell
Buyer's Agent in 2017
Patrick Campbell
Compass RE
(215) 828-6558
4 in this area
325 Total Sales
Map
Source: Bright MLS
MLS Number: 1003280327
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