1348 Orthodox St

Philadelphia, PA 19124 View Map $319,000 Schedule a Tour
Sq.Ft.3,852
Year1930
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Renato Lopez

Renato Lopez

(703) 582-3262
 
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Status: Under Contract
Listing Office:Cg Realty, LLC
Property Type:Twin/Semi-Detached
MLS #:PAPH2119592
Sq. Feet:3,852
On Site:45 Days
Lot Size:0.1 Acres
County:Philadelphia
ATTENTION INVESTORS and FUTURE INVESTORS - 10% plus Cap Rate, 4 units with an owners bi-level apartment and basement access with legal fire alarm. This large quadraplex in the Northwood section of Northeast Philly is directly across from Overington Park, a 4 Acre oasis of graceful lawns, shady trees and flower gardens and right down the street from Frankford Select Friends School. The building was previously a large estate, before being transformed into a multi-family building years ago, but the original charm and character still exist today. The property is currently partially occupied and has almost 3,000 squares ft. of living space with 3 -1 bedroom apartments and an owners unit, a 4 bedroom bi-level apartment with 2 full bathrooms and a full basement. All separate utilities, water, electric and & gas are all tenants responsibility. Owner pays for cold water. Roof was just maintained in 2022, all water heaters were upgraded at the same time for each unit just a few years ago and each unit has its own heater which were all purchased at the same time as well. The owner resided here for years and took care of the building as his primary residence and not a rental. The property shows a positive income, projected to gross over $41k annually when fully occupied and a +10% Cap Rap with a +20% Cash on Cash Return. Only PAR agreements, no letters of intent.

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Community Information

Address:1348 Orthodox St Philadelphia, PA 19124
Area:19124 (19124)
County:Philadelphia
City:Philadelphia
School District:The School District Of Philadelphia
Subdivision:Northwood
Zip Code:19124

Architecture

Year Built:1930
Style:Other
Construction: Masonry
Roof: Flat, Shingle
Foundation: Stone
Basement Type: Full, Unfinished

Features / Amenities

Interior Features: Cedar Closet(s), Ceiling Fan(s), Carpet, Breakfast Area, Crown Moldings, Tub Shower
Appliances: Built-In Microwave, Cooktop, Oven - Single, Oven/Range - Gas, Refrigerator
Flooring: Wood, Fully Carpeted, Tile/Brick
Exterior Features: Sidewalks, Street Lights
Patio And Porch: Wrap Around
Security System: Carbon Monoxide Detector(s)
Sub Structure Types: Above Grade, Below Grade
Heating: Hot Water
Heating Fuel: Oil
Hot Water: Natural Gas

Property Features

Lot Size: 0.1 Acres
Lot Dimensions:35.00 x 120.00 Sq. Ft.
Location: Urban
Parking Included In List Price: No
View: City, Park/Greenbelt
TV/Cable/Com: Natural Gas Available, Phone, Electric Available, Water Available
Electric Service: Circuit Breakers
Sewer: Public Sewer
Water: Public
Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Municipality: PHILADELPHIA
Zoning:RSA3
Directions:GPS - Orthodox & Pilling St

Tax and Financial Info

Total Taxes: $1,619 (paid Annually)
Tax Year: 2022
School Tax: $888
Net Operating Income: $34,208.00
Owner Pays: Water, Taxes - Real Estate
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $730.00 (Annually)
Acceptable Financing: Conventional, FHA, Cash, VA

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1348 Orthodox St Philadelphia, PA 19124
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1348 Orthodox St Philadelphia, PA 19124
 
ASAP
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Listing Information Last Updated 7/4/2022
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