NOT LISTED FOR SALE

Estimated Value: $281,000 - $432,663

-- Bed
1 Bath
2,619 Sq Ft
$142/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $285,000 $109 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,217/month

Highlights

  • No HOA
  • Electric Baseboard Heater
  • 3-minute walk to Kay Park

About This Home

As of October 2019

Great Investment Opportunity. Come and check out this 4 Unit Stone and Brick Building. This property has been well maintained. All 4 units have been updated and are in excellent condition. The property has great bones and is in great condition, inside and outside. Located on the corner of Pulaski and Zeralda, walking distance to the train, 2 blocks from Rt 1, and an easy commute to center city by train, bus, or car. Great curb appeal with an open front porch. Enter into a nicely appointed heated foyer with 1 unit on the 1st floor, 2 units on the 2nd floor, and 1 unit on the 3rd floor. The 1st floor is a large 1 bedroom with a bonus room, eat in kitchen, and full bath, rent is $650 per month. The 2nd floor front is a studio apt with lots of natural light and a large living area and a galley kitchen, and full bath, rent is $550 per month. The 2nd floor rear is another studio with a large eat in kitchen, large living area, and a full bath, rent is $530 per month. The 3rd floor is a 1 bedroom with a large living area, full kitchen and bath, rent is $625 per month. Each unit has recently updated bathrooms, kitchens, flooring, and painting. The property has updated electric and plumbing, mostly new or newer vinyl windows, and a fire alarm system. Fantastic rental history and will provide a stable income with minimal turnover or repairs. Perfect for an investor to add to their portfolio or for a 1st time investor but also a great opportunity for a 1st time home buyer to purchase their 1st home with built in rental income. Leases and expenses available upon request.

Last Agent to Sell the Property

Daniel Maneely

(215) 284-2891 danmaneely@comcast.net Liberty Bell Real Estate Brokerage LLC Listed on: 06/12/2019

Liberty Bell Real Estate Brokerage LLC

Last Buyer's Agent

Rob Warner

(267) 972-4324 rwarner@kw.com Keller Williams Real Estate-Blue Bell License #RS329364

Keller Williams Real Estate-Blue Bell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,192

Year Built

  • Built in 1930

Lot Details

  • 1,900 Sq Ft Lot
  • Lot Dimensions are 24.00 x 79.18
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Masonry

Interior Spaces

  • 2,619 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for lawn/shrub care, insurance, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water, gas
  • Tax Lot 159
  • Assessor Parcel Number 133108400

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Germantown Subdivision

Building Details

  • Income includes apartment rentals
  • Operating Expense $6,050
  • Gross Income $28,260
  • Net Operating Income $22,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,192

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings
  • Historic: No
  • Home Warranty: No
  • Inclusions: Ranges, Ovens, and Refrigerators
  • New Construction: No
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2619
  • Living Area Sq Ft: 2619
  • Price Per Sq Ft: 108.82
  • Above Grade Finished Sq Ft: 2619
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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: No
  • Previous Twelve Months Electric Expense: 216.00
  • Gas Avg Month: 60.00
  • Gas Prev12 Months: 720.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Natural Gas Available, Phone, Sewer Available
  • Water Previous Twelve Months: 1152.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 133186.00
  • Land Assessed Value: 23414.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 24.00 x 79.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1900.00
  • Property Condition: Good
  • Zoning: RTA1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Lawn/Shrub Care, Insurance, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Gas
  • Rent Control: No
  • Total Actual Rent: 28260.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 960319
  • School Tax: 1203.00
  • Tax Annual Amount: 2192.00
  • Assessor Parcel Number: 133108400
  • Tax Lot: 159
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Gross Income: 28260.00
  • Gross Scheduled Income: 28260.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6050.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Oct 18, 2019
Sold by
Lorimer Dennis C
Bought by
Brown Michael Albert
Seller's Agent
Daniel Maneely
Liberty Bell Real Estate Brokerage LLC
Buyer's Agent
Rob Warner
Keller Williams Real Estate-Blue Bell
List Price
$265,000
Sold Price
$285,000
Premium/Discount to List
$20,000
7.55%
Current Estimated Value
$371,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,888
Avg. Annual Appreciation
4.50%
Original Mortgage
$279,837
Outstanding Balance
$243,945
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$127,943
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
Brown Michael Albert $285,000 Greater Montgomery Setmnt Sv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Michael Albert $279,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2019 10/18/19 Sold $285,000 0.0% $109 / Sq Ft
09/04/2019 09/04/19 Price Changed $285,000 +7.5% $109 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $265,000 0.0% $101 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
06/29/2019 06/29/19 For Sale $265,000 0.0% $101 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $265,000 0.0% $101 / Sq Ft
05/07/2015 05/07/15 Rented $535 0.0% --
05/06/2015 05/06/15 Under Contract -- -- --
03/07/2015 03/07/15 For Rent $535 +1.9% --
02/01/2014 02/01/14 Rented $525 -16.0% --
01/31/2014 01/31/14 Under Contract -- -- --
11/01/2013 11/01/13 Rented $625 +19.0% --
10/28/2013 10/28/13 For Rent $525 -16.0% --
10/15/2013 10/15/13 Under Contract -- -- --
07/22/2013 07/22/13 For Rent $625 -- --
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
2026 $3,134 $344,800 $68,960 $275,840
2025 $3,134 $344,800 $68,960 $275,840
2024 $3,134 $344,800 $68,960 $275,840
2023 $3,134 $223,900 $44,780 $179,120
2022 $2,192 $223,900 $44,780 $179,120
2021 $2,192 $0 $0 $0
2020 $2,192 $0 $0 $0
2019 $2,163 $0 $0 $0
2018 $2,163 $0 $0 $0
2017 $2,163 $0 $0 $0
2016 $2,163 $0 $0 $0
2015 $2,070 $0 $0 $0
2014 -- $154,500 $13,254 $141,246
2012 -- $11,840 $2,285 $9,555
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH806656

Bright MLS

APN: 133108400