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1919 Green Street

PHILADELPHIA, PA 19130
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: PAPH2037256
Under Contract
UPDATED: 64 min ago
$2,500,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1867
County:

School Ratings & Info

Description

Here you have a well-maintained 4-story, 11 unit apartment building that was designed by Frank Furness , in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. The top floor 2 bedroom unit (M) has central air. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. There are also dedicated storage closets for each unit. Monthly Income: $12,565, annualIncome: $150,780 .and Net Operating Income: $121,687. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.

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©2021 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 The Lisa Mathena Group. 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: 2021-12-02T10:55:21.6.
www.lisasellsdelaware.com/homes/122442150
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1919 Green Street PHILADELPHIA, PA 19130

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 64 min ago
  • ID#: PAPH2037256
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1867
Built
Neighborhood:
Art Museum Area
County:
Philadelphia
Area:
19130 (19130)
School District:
The School District Of Philadelphia
Property Description
Here you have a well-maintained 4-story, 11 unit apartment building that was designed by Frank Furness , in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. The top floor 2 bedroom unit (M) has central air. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. There are also dedicated storage closets for each unit. Monthly Income: $12,565, annualIncome: $150,780 .and Net Operating Income: $121,687. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.
Exterior Features

Construction Materials BrickBlockMasonryStone Garage YN No Location Type Downtown Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7191.00 Cooling Central A/C Exclusions Any Personal Items In Apartments/Basement Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 7191.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 29093.00 Business Type Apartment Building Central Air YN Yes Cooling Fuel None Cross Street 19TH Electric Expense 3200.00 Gross Income 150780.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 4987.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 121687.00 New Construction YN No Operating Expense 29093.00 Original MLSNumber 801112682596 Other Expense 20906.00 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer No Septic System Tax Annual Amount 9901.00 Tax Assessment Amount 99840.00 Tax Lot 32 Total Actual Rent 150780.00 Trash Expense 2100.00 Vacation Rental YN No Water Source Public Zoning R10

Listing courtesy of Philadelphia Realty Exchange.


©2021 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 The Lisa Mathena Group. 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: 2021-12-02T10:55:21.6.
 
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