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6214 Morton Street

PHILADELPHIA, PA 19144
  • $1,349,999
  • STATUS: Active Under Contract
  • ON SITE: 119 Days
  • ID#: PAPH2033082
Under Contract
$1,349,999
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Description

This massive 8500 SF nine (9) unit apartment building is fully leased in the historic Germantown section of Philadelphia, Pennsylvania. Units have been recently renovated by Ownership and are turnkey, low maintenance, with low expenses. 7.03% in place cap rate. Huge rental upside for new Ownership as rental rates have not been increased in 5 years. Careful combination of 1, 2 and 3-bedroom apartments with lush rear yard and 5-car garage for additional rental income. Dramatic corner lot with commanding area presence. Emerging area surrounded by dozens of new developments in the blossoming Northwest Philadelphia district - located right off the historic cobblestones of Germantown Avenue with access to amenities, shops, parks and more. Approximately 5 years remaining on tax abatement.

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©2022 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 Lux Living Group | eXp Realty. 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: 2022-01-26T23:51:06.523.
www.luxlivinggroup.com/homes/121903542
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6214 Morton Street PHILADELPHIA, PA 19144

  • Price: $1,349,999
  • Status: Active Under Contract
  • On Site: 119 Days
  • ID#: PAPH2033082
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1927
Built
Neighborhood:
Germantown
County:
Philadelphia
Area:
19144 (19144)
School District:
The School District Of Philadelphia
Property Description
This massive 8500 SF nine (9) unit apartment building is fully leased in the historic Germantown section of Philadelphia, Pennsylvania. Units have been recently renovated by Ownership and are turnkey, low maintenance, with low expenses. 7.03% in place cap rate. Huge rental upside for new Ownership as rental rates have not been increased in 5 years. Careful combination of 1, 2 and 3-bedroom apartments with lush rear yard and 5-car garage for additional rental income. Dramatic corner lot with commanding area presence. Emerging area surrounded by dozens of new developments in the blossoming Northwest Philadelphia district - located right off the historic cobblestones of Germantown Avenue with access to amenities, shops, parks and more. Approximately 5 years remaining on tax abatement.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Urban Parking Types Private Garage Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9000.00 Cooling None Heating Central Heating YN Yes Net Square Feet 8500.00

Property Features

Accessibility Features None Assessment Year 2021 Business Type Apartment Building Central Air YN No Cooling Fuel Natural Gas Cross Street Mayland Foundation Details Concrete Perimeter Heating Fuel Oil Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801071291568 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 2448.00 Tax Assessment Amount 174850.00 Tax Lot 68 Vacation Rental YN No Water Source Public Zoning Rsa3

Listing courtesy of Compass Pennsylvania, Llc.


©2022 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 Lux Living Group | eXp Realty. 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: 2022-01-26T23:51:06.523.
 
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Lux Living Group | eXp Realty
1848 N Hancock, Ste C
Philadelphia PA, 19122