4835 Morris Street , #4835

    PHILADELPHIA, PA 19144
    • $298,000
    • STATUS: Active
    • ON SITE: 92 days
    • ID#: PAPH508418
    UPDATED: 122 min ago
    $298,000
    • 5
      BEDS
    • 0.06
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Start 2019 building equity as an owner or occupant of this legally zoned tri-plex. Completely renovated in 2014 with all new baths, kitchens, floors and a new HVAC equipment. Allmost all windows have been replaced and the units get great light since it is across from Fernhill Park. Gas and electric are separately metered with the owner only paying for water. Taxes are relatively low considering that rents are approximately [$2600] a month. Property can be purchased below replacement cost ($100-120 a foot) and combined with adjacent property for a slight discount in the event a potential buyer wants six (6) units. Two of the three tenants have leased at this property for over [two] years, providing stable cash flow with no costs associated with re-tenanting the asset.The property is in a quiet area of Germantown easily accessible off Route 1, near a SEPTA bus line and six blocks from the Queen Lane station taking you to points beyond. It is three minutes to the shops and restaurants in East Falls on Midvale Avenue and less than five minutes to the charming historic Germantown Avenue with shops & restaurants.Follow established investors like the Weinstein Organization (Wayne Junction redevelopment is three blocks North of this location) and others that continue to invest in Germantown.

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    ©2019 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. 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: 2019-04-22T15:54:43.973.
    www.execuhome.com/homes/91051161

    4835 Morris Street , #4835 PHILADELPHIA, PA 19144

    • Price: $298,000
    • Status: Active
    • Updated: 122 min ago
    • ID#: PAPH508418
    5
    Beds
    4
    Baths
    0
    ½ Baths
    0.06
    Acres
    1930
    Built
    Neighborhood:
    Germantown (Swest)
    County:
    Philadelphia
    Area:
    19144 (19144)
    School District:
    The School District Of Philadelphia
    Property Description
    Start 2019 building equity as an owner or occupant of this legally zoned tri-plex. Completely renovated in 2014 with all new baths, kitchens, floors and a new HVAC equipment. Allmost all windows have been replaced and the units get great light since it is across from Fernhill Park. Gas and electric are separately metered with the owner only paying for water. Taxes are relatively low considering that rents are approximately [$2600] a month. Property can be purchased below replacement cost ($100-120 a foot) and combined with adjacent property for a slight discount in the event a potential buyer wants six (6) units. Two of the three tenants have leased at this property for over [two] years, providing stable cash flow with no costs associated with re-tenanting the asset.The property is in a quiet area of Germantown easily accessible off Route 1, near a SEPTA bus line and six blocks from the Queen Lane station taking you to points beyond. It is three minutes to the shops and restaurants in East Falls on Midvale Avenue and less than five minutes to the charming historic Germantown Avenue with shops & restaurants.Follow established investors like the Weinstein Organization (Wayne Junction redevelopment is three blocks North of this location) and others that continue to invest in Germantown.
    Exterior Features

    Architectural Style Side-By-Side Construction Materials Masonry Direction Faces West Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Average+Average+Prop Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2835.00 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Flooring WoodCeramic Tile Heating Forced Air Heating YN Yes Inclusions No Exclusions - Three Apartments Laundry Type BasementHas LaundryShared Levels 3+ Main Level Bedrooms 2 Rooms Total 11 Spa YN No Unit Floors 3 Upper Level1 Bedrooms 1 Walls Ceilings Dry WallMasonry

    Property Features

    Acceptable Financing Conventional Accessibility Features None Assessment Year 2018 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Abbotsford Electric 150 Amps Entry Level 1 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Incorporated City Name Philadelphia Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 301283194492 Ownership Interest Fee Simple Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 2632.0 Tax Assessment Amount 188000.0 Tax Lot 92 Vacation Rental YN No Water Source Public Year Built Effective 2012 Zoning Rsa3 Zoning Description Three Family Licensed Ccupancy

    Listing courtesy of Realty World Properties Inc.
    ©2019 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. 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: 2019-04-22T15:54:43.973.
     
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