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1905 W MONTGOMERY AVE Philadelphia, PA 19121
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Key Details
Sold Price $210,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,564 sqft
Price per Sqft $134
Subdivision Temple University
MLS Listing ID PAPH879088
Sold Date 12/11/20
Style Side-by-Side
HOA Y/N N
Abv Grd Liv Area 1,564
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $1,979
Tax Year 2020
Lot Size 960 Sqft
Acres 0.02
Lot Dimensions 16.00 x 60.00
Property Description
Back On The Market...Here is a perfect opportunity to purchase in a booming area! This property is minutes from Temple University and Broad Street, a short drive from Brewerytown and Fairmount Park. This building consists of 4 units. 1 Studio unit and 3 one bedroom units. The first floor unit is the largest with a nice sized kitchen, high ceilings, access to the back yard and basement. The second floor consists of two units. The 2nd floor rear unit is a studio and the 2nd floor front apartment is 1 bedroom. The 3rd floor apartment has 1 bedroom and spans the entire length of the building and has great views of the city skyline. All utilities are separate and each unit has its own panel box. All units have baseboard heating. Please schedule a showing and come see what this building has to offer. Seller is motivated and will consider all offers. 2 units are currently occupied with month to month tenants the remaining 2 units are vacant and very easy to show. This property will be delivered vacant upon settlement Property taxes are less than $2,000 per year. Owners expenses include Property Taxes($1,979), Common Area Electricity ($18.00 per month), Homeowners Insurance($900 per year), Trash($300 per year) and Waste-water(28.02 per month).****************************Financial Breakdown:Projected/Current Rents1st Floor= $800 monthly ($9,600)2nd Floor Rear= $600 monthly ($7,200)2nd Floor Front= $700 monthly $(8,400)3rd Floor= $700 monthly ($8,400)100% Occupancy Rent= $2,800 per month and/or $33,600 per yearOwners Expenses are as follows:Property Taxes: $1,979 in 2020Waste-Water and Service Charge: $12.22 + $15.80= 28.02 per month and/or $336.24 per yearProperty Insurance= $900.00 per yearCommon Area Electricity is $18.00 per month and/or $216.00 per year.Tenants Pay:* Electricity*WaterUtilities Are:* Electric Cooking* Baseboard Electric Heating*Wall/Window Unit ACOwners Projected Income:Rental Income= $33,600Expenses= $3,431.24Net Income: $33,600-$3,431.24= $30,168.76** Projection assumes 100% Occupancy Rate**
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321119600
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, FHA, Conventional
Listing Terms Cash, FHA, Conventional
Financing Cash,FHA,Conventional
Special Listing Condition Standard
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Bought with Amanda Hertel • KW Philly