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1919 Green

PHILADELPHIA, PA 19130
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 50 Days
  • ID#: PAPH2002653
Under Contract
UPDATED: 35 min ago
$2,500,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,191
    SQFT
  • $348
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1867
County:

School Ratings & Info

Description

Here you have a well-maintained 4-story, 11 unit apartment building that was designed by Frank Furness , in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. The top floor 2 bedroom unit (M) has central air. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. There are also dedicated storage closets for each unit. Monthly Income: $12,565, annualIncome: $150,780 .and Net Operating Income: $121,687. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.

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©2021 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 AG Residential | KW Metro Center. 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: 2021-12-04T23:49:34.397.
www.sellingdcmetro.com/homes/122433125
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1919 Green PHILADELPHIA, PA 19130

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 50 Days
  • Updated: 35 min ago
  • ID#: PAPH2002653
0
Beds
0
Baths
0
½ Baths
0.08
Acres
7,191
SQFT
$348
$/SQFT
1867
Built
Neighborhood:
Art Museum Area
County:
Philadelphia
Area:
19130 (19130)
School District:
The School District Of Philadelphia
Property Description
Here you have a well-maintained 4-story, 11 unit apartment building that was designed by Frank Furness , in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. The top floor 2 bedroom unit (M) has central air. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. There are also dedicated storage closets for each unit. Monthly Income: $12,565, annualIncome: $150,780 .and Net Operating Income: $121,687. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Location Type Downtown Other Structures Above Grade Parking Types None 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 7191 Cooling Central A/C Exclusions Any Personal Items In Apartments/Basement Heating Radiator Heating YN Yes Single Room Units 4 Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN Yes Cooling Fuel None Cross Street 20TH Existing Lease Type Yearly Foundation Details Brick/Mortar Gross Income 150780.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 4987.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 121687.00 New Construction YN No Number Of Units Leased 11 Number Of Units Total 1 Number Of Units Vacant 0 Operating Expense 29093.00 Original MLSNumber 800780236891 Other Expense 22006.00 Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Rent Control YN No Sale Type Standard Sewer No Septic System Structure Design Type Interior Row/Townhouse Tax Annual Amount 9901.00 Tax Assessment Amount 99840.00 Tax Lot 32 Total Actual Rent 150780.00 Vacation Rental YN No Water Source Public Zoning R10

Listing courtesy of Philadelphia Realty Exchange.


©2021 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 AG Residential | KW Metro Center. 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: 2021-12-04T23:49:34.397.
 
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