55 W Sharpnack St Philadelphia, PA 19119

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Duplex
• Structure Type: Interior Row/Townhouse
• Architectural Style: Colonial
• Ownership: Fee Simple
• Inclusions: Washer, dryer, fridge in each unit
• New Construction: No
• Expected On Market: 2023-04-15
• Year Built: 1920
• Automatically Close On Close Date: Yes
• Remarks Public: Fantastic Multi-Family Property West Mt Airy, Currently Set Up as a Duplex, However Zoned as a Triplex & Can Be Easily Changed Back to Triplex; This Property Has Been Completely Updated Inside, Including All Wiring, Electrical, Heating, Plumbing and More! This is NOT a Flip, This Home Has Been in the Owner’s Family For Over 40 Years, and the Owner Has Lived Here; When Recently Updated, The Property Was Updated to Be Used as a Duplex, However With a Few Minor Changes, the Property Can Be a Triplex; All Updates Were Personally Handled and Managed By Owner, No Cutting Corners For This Home! Fabulous Option For Someone Who Wants to Live on the First Floor and Rent Out the Upstairs Unit, Getting Some of Your Mortgage Paid For! This Property is a Great Addition to an Investor’s Portfolio, as the Rent Income For the Neighborhood is Above Average, the Expenses are Low, and Using an 8% Cap Rate, This Property is Worth the Asking Price and More as There is a Possibility to Make Some Minor Changes to Get The Home Back Into a Triplex, Since Currently the Home is Set Up as a Duplex; Ask For Cap Rate Worksheet; This Completely Updated First Floor Unit Has 2 Bedrooms, and 2 Baths, with the 2nd Bedroom and Full Bath Downstairs; This Floorplan is Great For People Who Need Their Space to Work and Need Privacy; The Downstairs of This Unit Could Be Used as a Bedroom, or Could Be An Office or a Man/Woman Cave, and Has the Utility Room with the Heater, and the Laundry Area with a Stackable Washer and Dryer; The Main Floor of this First Floor Unit Has a Beautifully Updated Kitchen, a Family Room with a Deep Storage Closet, a Large Bedroom with a Huge Walk-In Closet and a Full Bath; The Entire Unit Was Totally Updated with New Laminate Wood Floors; The Kitchen Has Tile Floors, Quartz Counters, Tile Backsplash & Stainless Steel Appliances; The Baths Have Floor to Ceiling Tile Walls and Tile Floors, Updated Lighting Fixtures and the Shower Walls Are Tile with a Built in Soap Dish, Rain Shower Head and a Handheld Shower Head; The Bedroom is a Good Size with A Huge Walk-in Closet; The Second Floor Unit Is Also Completely Updated with a Kitchen with Tile Floors, Quartz Counters, Tile Backsplash and Stainless Appliances; The Family Room is Off the Kitchen with Sliders to a Deck, Great to Relax After a Long Day at Work; The Unit Has 2 Bedrooms, 1 Very Large Bedroom with 3 Windows For Loads of Natural Light and 2 Double Door Closets, and the Other Bedroom is a Good Size with a Closet with a Closet Housing the Stackable Washer and Dryer; The Full Bath is Impressive with Tile Floors, New Vanity & Light Fixtures and a Walk-In Shower with Tile Walls and Floor; The Front Doors Have Been Updated as well as the Covered Front Porch, a Great Place to Relax; Steps From Outside to a Storage Area, Which Was the Entrance to the 3rd Unit, it is Now a Storage Area That Can Be Used for Both Units As it is Easily Accessible; Access to the Lower Level of the 1st Floor Unit Has Been Block Off, However Access Could Easily Opened Up; The Home Could Be Rented as a Triplex, with Lower Level Studio, Full Bath and Laundry Facilities, Main Floor with Bedroom, Bath Kitchen and Family Room, and 2nd Floor with Kitchen, Family Room, 2 Bedrooms, Stackable Washer/Dryer and a Full Bath; This Multi-Family Property Will Not Last!!! Certified Pre-Owned Home Has Been Pre-Inspected, Report Available in MLS Downloads, See What Repairs Have Been Made If Any!
• Special Features: None
• Stories: 0

Interior Features

• Flooring Type: Fully Carpeted
• Interior Amenities: Kitchen - Eat-In
• Window Features: Energy Efficient
• Fireplace: No
• Foundation Details: Concrete Perimeter
• Basement: No
• Total Sq Ft: 1970
• Living Area Sq Ft: 1970
• Price Per Sq Ft: 230.26
• Above Grade Finished Sq Ft: 1520
• Below Grade Finished Sq Ft: 450
• Total Below Grade Sq Ft: 450
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 55

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
• Cooling Fuel: Electric
• Heating Fuel: Natural Gas
• Heating Type: Forced Air
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 149600.00
• Land Assessed Value: 37400.00
• Land Use Code: U30
• Lot Size Acres: 0.03
• Lot Dimensions: 16.00 x 82.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1311.00
• Outdoor Living Structures: Porch(es)
• Year Assessed: 2023
• Zoning: RSA5

Rental Info

• Existing Lease Type: None
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1016406
• School Tax: 1436.00
• Tax Annual Amount: 2617.00
• Assessor Parcel Number: 223042700
• Tax Lot: 179
• Tax Total Finished Sq Ft: 1520
• County Tax Payment Frequency: Annually
• Tax Year: 2022
• Close Date: 05/23/2023

Multi Family

• Other Units: Unit 1,Unit 2

MLS Schools

• School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA