NOT LISTED FOR SALE

Estimated Value: $329,000 - $338,000

-- Bed
3 Baths
2,250 Sq Ft
$148/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $307,200 $137 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,284/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 5-minute walk to West Mill Creek Playground

About This Home

As of December 2023

This building is the perfect investment for the savvy investor. This triplex was built as an apartment building. The rooms are spacious and each apartment is laid out in a very contemporary, convenient style. Each unit has two bedrooms and one bathroom. The property is in excellent condition and all utilities are separate with the exception of water. The property is totally occupied with good tenants. The buyer would be purchasing the property with the PHA leases that are in place. Unit 1's lease expires on 6/30/25. Unit 2's land Unit 3's leases expire on 12/31/23. This property will provide good cash flow and is located in a very accessible location. There is public transportation only a block or two from the property. Since the property is tenant occupied, 24 hours notice is required.

Last Agent to Sell the Property

Eileen Gray

Coldwell Banker Realty License #RS227918L Listed on: 09/22/2023

Coldwell Banker Realty

Last Buyer's Agent

Stephen Conaboy

KW Empower License #RS357129

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,601

Year Built

  • Built in 1915

Lot Details

  • 1,025 Sq Ft Lot
  • Lot Dimensions are 15.00 x 68.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Masonry

Interior Spaces

  • 2,250 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, repairs, sewer, sewer maintenance, real estate taxes, trash collection, water
  • Tax Lot 120
  • Assessor Parcel Number 442065200

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • Insurance Expense $2,500
  • Maintenance Expense $3,000
  • Other Expense $5,601
  • Trash Expense $500
  • Operating Expense $1,200
  • Gross Income $38,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,601

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Three refrigerators, three stoves
  • New Construction: No
  • Other Expense: 5601.00
  • Expected On Market: 2023-09-22
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2250
  • Living Area Sq Ft: 2250
  • Price Per Sq Ft: 133.33
  • Above Grade Finished Sq Ft: 2250
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5244

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat
  • Spa: No
  • 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

  • Refuse: 500.00
  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Monthly Water Average: 100
  • Water Previous Twelve Months: 1200.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 68.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1025.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Insurance, Repairs, Sewer, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 38388.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3073.00
  • Tax Annual Amount: 5601.00
  • Assessor Parcel Number: 442065200
  • Tax Lot: 120
  • Tax Total Finished Sq Ft: 2250
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/29/2023

Multi Family

  • Gross Income: 38388.00
  • Gross Scheduled Income: 38388.00
  • Operating Expense: 1200.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 20.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Nov 2, 2023
Sold by
Kc Real Estate Properties Philly Llc
Bought by
Newallo Kori
Seller's Agent
Eileen Gray
Coldwell Banker Realty
Buyer's Agent
Stephen Conaboy
KW Empower
List Price
$300,000
Sold Price
$307,200
Premium/Discount to List
$7,200
2.4%
Views
1672
Current Estimated Value
$333,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,214
Avg. Annual Appreciation
5.10%
Original Mortgage
$291,840
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2017
Sold by
Allen Eric and Fuhr Wendy
Bought by
Allen Khrististopher G and Allen Colleen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 2009
Sold by
J & P Developments Llc
Bought by
Allen Eric and Fuhr Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
5.18%
Mortgage Type
Construction

Purchase Details

Closed on
May 11, 2004
Sold by
Armstrong Charles L
Bought by
Johnson Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,450
Interest Rate
5.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2001
Sold by
Davis Eunice S and Tinsley Everett B
Bought by
Armstrong Charles L
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
Newallo Kori $307,200 None Listed On Document
Allen Khrististopher G -- Avenue 365 Lender Svcs Llc
Allen Eric $110,000 None Available
Johnson Leon $30,000 --
Armstrong Charles L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newallo Kori $291,840
Previous Owner Allen Khrististopher G $108,750
Previous Owner Allen Eric $131,250
Previous Owner J & P Developments Llc $50,000
Previous Owner J & P Developments Llc $105,000
Previous Owner Johnson Leon $15,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $307,200 +2.4% $137 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $300,000 0.0% $133 / Sq Ft
08/01/2023 08/01/23 Rented $1,100 -4.3% --
06/06/2023 06/06/23 Under Contract -- -- --
05/25/2023 05/25/23 For Rent $1,150 +9.5% --
02/16/2022 02/16/22 Rented $1,050 0.0% --
02/05/2022 02/05/22 Under Contract -- -- --
01/15/2022 01/15/22 Rented $1,050 0.0% --
12/31/2021 12/31/21 For Rent $1,050 0.0% --
12/28/2021 12/28/21 Under Contract -- -- --
11/11/2021 11/11/21 For Rent $1,050 +23.5% --
01/31/2019 01/31/19 Rented $850 0.0% --
01/25/2019 01/25/19 Under Contract -- -- --
12/11/2018 12/11/18 For Rent $850 -- --
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 $5,602 $283,400 $56,680 $226,720
2024 $5,602 $283,400 $56,680 $226,720
2023 $5,602 $400,200 $80,040 $320,160
2022 $2,126 $400,200 $80,040 $320,160
2021 $2,126 $0 $0 $0
2020 $2,126 $0 $0 $0
2019 $2,047 $0 $0 $0
2018 $1,001 $0 $0 $0
2017 $1,001 $0 $0 $0
2016 $1,001 $0 $0 $0
2015 $1,187 $0 $0 $0
2014 -- $88,600 $4,424 $84,176
2012 -- $10,816 $1,729 $9,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2278820

Bright MLS

APN: 442065200