Philadelphia, PA 19121,1905 W MONTGOMERY AVE
Philadelphia, PA 19121,1905 W MONTGOMERY AVE
Philadelphia, PA 19121,1905 W MONTGOMERY AVE
32
$210,000
$250,000
16.0%
Est.Price: ?

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1,564 SqFt

1905 W MONTGOMERY AVE Philadelphia, PA 19121

Est. payment /mo
SOLD DATE : 12/11/2020

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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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Bright MLS (BMLS)
Listed by Gregory A Hayes Jr. • United Real Estate
Bought with Amanda Hertel • KW Philly

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Josh Heller

Owner | License ID: RS338767 / NMLS #2348781

+1(717) 200-4148

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