$319,000
$319,000
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1348 ORTHODOX ST Philadelphia, PA 19124
3,852 SqFt
Key Details
Sold Price $319,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,852 sqft
Price per Sqft $82
Subdivision Northwood
MLS Listing ID PAPH2119592
Sold Date 07/11/22
Style Other
Abv Grd Liv Area 2,952
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $1,619
Tax Year 2022
Lot Size 4,187 Sqft
Acres 0.1
Lot Dimensions 35.00 x 120.00
Property Description
ATTENTION INVESTORS and FUTURE INVESTORS - 10% plus Cap Rate, 4 units with an owners bi-level apartment and basement access with legal fire alarm. This large quadraplex in the Northwood section of Northeast Philly is directly across from Overington Park, a 4 Acre oasis of graceful lawns, shady trees and flower gardens and right down the street from Frankford Select Friends School. The building was previously a large estate, before being transformed into a multi-family building years ago, but the original charm and character still exist today. The property is currently partially occupied and has almost 3,000 squares ft. of living space with 3 -1 bedroom apartments and an owners unit, a 4 bedroom bi-level apartment with 2 full bathrooms and a full basement. All separate utilities, water, electric and & gas are all tenants responsibility. Owner pays for cold water. Roof was just maintained in 2022, all water heaters were upgraded at the same time for each unit just a few years ago and each unit has its own heater which were all purchased at the same time as well. The owner resided here for years and took care of the building as his primary residence and not a rental. The property shows a positive income, projected to gross over $41k annually when fully occupied and a +10% Cap Rap with a +20% Cash on Cash Return. Only PAR agreements, no letters of intent.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA3
Rooms
Basement Full, Unfinished
Interior
Interior Features Cedar Closet(s), Ceiling Fan(s), Carpet, Breakfast Area, Crown Moldings, Tub Shower
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Wood, Fully Carpeted, Tile/Brick
Fireplaces Number 1
Equipment Built-In Microwave, Cooktop, Oven - Single, Oven/Range - Gas, Refrigerator
Fireplace Y
Appliance Built-In Microwave, Cooktop, Oven - Single, Oven/Range - Gas, Refrigerator
Heat Source Oil
Exterior
Exterior Feature Wrap Around
Utilities Available Natural Gas Available, Phone, Electric Available, Water Available
Waterfront N
Water Access N
View City, Park/Greenbelt
Roof Type Flat,Shingle
Accessibility None
Porch Wrap Around
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type High
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 234059700
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s)
Acceptable Financing Conventional, FHA, Cash, VA
Listing Terms Conventional, FHA, Cash, VA
Financing Conventional,FHA,Cash,VA
Special Listing Condition Standard
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Bought with Tona Booker • Keller Williams Real Estate Tri-County
