$455,000
$499,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
1405 REED ST Philadelphia, PA 19146
2,700 SqFt
Key Details
Sold Price $455,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $168
MLS Listing ID PAPH2320242
Sold Date 06/28/24
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $8,284
Tax Year 2022
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 18.00 x 80.00
Property Description
Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 365347500
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Kaijie Zhao • GE21 Realty