1649 HARRISON ST Pending Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19124
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,145 sqft
Price per Sqft $132
Subdivision Frankford
MLS Listing ID PAPH2406646
Style AirLite
Year Built 1940
Annual Tax Amount $2,791
Tax Year 2024
Lot Size 2,464 Sqft
Property Description
This Triplex property offers off street parking for two cars and a charming backyard garden area. With three distinct units, each featuring individual water meters and electric panels , this property provides a seamless setup for tenants. All units are equipped with electric ranges, ceiling fans, and electric heating throughout. The basement is not accessible from any unit, ensuring privacy.
Unit 1 is accessible from the right side of the building near the driveway. It boasts one bedroom and one bath, with a washer/dryer for added convenience. Unit 1 tenant has been there for 8 years and pays $1045/month. Unit 2 is an efficiency and includes one bath, electric range, and a refrigerator. Tenant pays $775 for a 6 month lease ending May 2025. Unit 3 is a one bedroom with a separate room presently used by the Seller as a 'music studio' and accessible via the 2nd floor hallway, making it feel almost like two separate spaces. The landlord currently subsidizes the 3rd floor tenant's rent by renting the music room from him for $300. Unit 3 Rent would be $900 and tenant has been there for 10 years. This property is fully occupied and offers tremendous opportunity for value add. Total gross monthly rent is $2720. Calculate this great cap rate and bring your offer!
Only 1 block away from public transportation make commuting easy for you and your tenants. Schedule your showing today.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Equipment Oven/Range - Electric,Refrigerator
Exterior
Garage Spaces 2.0
Water Access N
View Garden/Lawn
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Special Listing Condition Standard