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2337-41 S Alder Street

PHILADELPHIA, PA 19148
  • $685,000
  • STATUS: Active
  • ON SITE: 384 Days
  • MLS #: PAPH2241848
$685,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,800
    SQFT
  • $143
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Description

Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income.Beyond its investment potential, consider transforming this property into your dream mansion with parking!Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA.Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!

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www.chesapeakebayproperties.com/homes/140046302
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2337-41 S Alder Street PHILADELPHIA, PA 19148

  • Price: $685,000
  • Status: Active
  • On Site: 384 Days
  • MLS #: PAPH2241848
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,800
SQFT
$143
$/SQFT
1925
Built
Neighborhood:
19148 (19148)
County:
Philadelphia
Area:
19148 (19148)
High School:
South Philadelphia
School District:
The School District Of Philadelphia
Property Description
Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income.Beyond its investment potential, consider transforming this property into your dream mansion with parking!Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA.Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
Exterior Features

Architectural Style OtherConverted Dwelling Construction Materials Other Garage YN No Location Type Urban Parking Types On Street Pool No Pool Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4800 Basement YN No Cooling Central A/CWall Unit Fireplace YN No Heating Forced AirRadiator Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street RITNER Foundation Details Other Heating Fuel Natural GasElectric Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 45927.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Operating Expense 4200.00 Original MLSNumber 802380060110 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 12333.00 Total Actual Rent 61260.00 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable TV Available Vacation Rental YN No Water Source Public Zoning RSA5

 
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