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1514 Arrott Street

PHILADELPHIA, PA 19124
  • $205,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: PAPH2319324
UPDATED: 77 min ago
$205,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,904
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Description

Fantastic opportunity to purchase a solid triplex in Frankford just one block from the Arrott stop of the Market Frankford El. 2 of 3 units are recently rented with the last remaining unit ready to rent or to be occupied by the new owner. The 1st floor is rented for $1,100/month and consists of a large 2 bed, 1 bath unit with plenty of windows and closet space plus access to the extra-large rear yard. The 2nd floor is vacant and contains a large studio with separate kitchen, bath, bright front windows and brand new LVT flooring. The 3rd floor is rented for $900/month and contains a 1 bed, 1 bath unit with an oversized bedroom, LR/kitchen combo and tons of natural light. Really a great property to add to your investment portfolio or live in one and rent out the others to supplement your mortgage. Great FHA opportunity at 3.5 % down or for owner occupant who can now purchase at 5% down conventional thanks to recent Fannie Mae rule changes. This is a great cash flowing property with a cap rate over 11%. Literally 100 yards to the El/subway and you can be anywhere in the city in less than 30 minutes. You+GGll never have a vacancy when your tenants can get to the train and their job in literally 30 seconds. Will not last, schedule your showing today!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T16:55:28.55.
www.assetpropertysolutionsllc.com/homes/147422280
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1514 Arrott Street PHILADELPHIA, PA 19124

  • Price: $205,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 77 min ago
  • ID#: PAPH2319324
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1,904
SQFT
$108
$/SQFT
1935
Built
Neighborhood:
Frankford
County:
Philadelphia
Area:
19124 (19124)
School District:
The School District Of Philadelphia
Property Description
Fantastic opportunity to purchase a solid triplex in Frankford just one block from the Arrott stop of the Market Frankford El. 2 of 3 units are recently rented with the last remaining unit ready to rent or to be occupied by the new owner. The 1st floor is rented for $1,100/month and consists of a large 2 bed, 1 bath unit with plenty of windows and closet space plus access to the extra-large rear yard. The 2nd floor is vacant and contains a large studio with separate kitchen, bath, bright front windows and brand new LVT flooring. The 3rd floor is rented for $900/month and contains a 1 bed, 1 bath unit with an oversized bedroom, LR/kitchen combo and tons of natural light. Really a great property to add to your investment portfolio or live in one and rent out the others to supplement your mortgage. Great FHA opportunity at 3.5 % down or for owner occupant who can now purchase at 5% down conventional thanks to recent Fannie Mae rule changes. This is a great cash flowing property with a cap rate over 11%. Literally 100 yards to the El/subway and you can be anywhere in the city in less than 30 minutes. You+GGll never have a vacancy when your tenants can get to the train and their job in literally 30 seconds. Will not last, schedule your showing today!
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Parking Types On Street Patio And Porch Features Patio(s) Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1904 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Heating Baseboard - Electric Heating YN Yes Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Cross Street Griscom Foundation Details Stone Gross Income 32400.00 Heating Fuel Electric Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 24000.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 8400.00 Operating Expense Includes Insurance Original MLSNumber 802850905220 Owner Pays Common Area MaintenanceInsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Negotiable Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 3006.00 Tax Assessment Amount 214800.00 Tax Lot 34 Total Actual Rent 32400.00 Vacation Rental YN No Water Source Public Zoning RSA3

Listing courtesy of KW Empower: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T16:55:28.55.
 
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