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    523 W Erie Avenue

    PHILADELPHIA, PA 19140
    • $350,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: PAPH2021764
    UPDATED: 154 min ago
    $350,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,800
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    Here is a unique opportunity to acquire a large, corner duplex situated on the heavily trafficked Erie Avenue. This duplex is unlike your normal multi-family property; this is currently used as a "rooming house", meaning the property is rented out by the room. There are ten (10) bedrooms in total and two (2) full bathrooms. There is only one (1) tenant that is on an actual lease; the remaining tenants are on short-term stays without a lease. Each bedroom is bringing in $450/month. There are multiple ways to create value in this property. You could find all new tenants and put each of them on a lease, closer to market rate rents, install coin-operated laundry in the basement or on the first and second floors for additional income, and charge $150-200/month for the garage space. Take advantage of this cash-flowing opportunity and add your improvements or simply keep it as is!

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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 Kiliszek Real Estate Experts | Keller Williams Midtown Direct. 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: 2021-09-24T16:53:44.52.
    www.mynjhomesearch.net/homes/120540463
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    523 W Erie Avenue PHILADELPHIA, PA 19140

    • Price: $350,000
    • Status: Active
    • Updated: 154 min ago
    • MLS #: PAPH2021764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,800
    SQFT
    $125
    $/SQFT
    1942
    Built
    Neighborhood:
    Franklinville
    County:
    Philadelphia
    Area:
    19140 (19140)
    School District:
    The School District Of Philadelphia
    Property Description
    Here is a unique opportunity to acquire a large, corner duplex situated on the heavily trafficked Erie Avenue. This duplex is unlike your normal multi-family property; this is currently used as a "rooming house", meaning the property is rented out by the room. There are ten (10) bedrooms in total and two (2) full bathrooms. There is only one (1) tenant that is on an actual lease; the remaining tenants are on short-term stays without a lease. Each bedroom is bringing in $450/month. There are multiple ways to create value in this property. You could find all new tenants and put each of them on a lease, closer to market rate rents, install coin-operated laundry in the basement or on the first and second floors for additional income, and charge $150-200/month for the garage space. Take advantage of this cash-flowing opportunity and add your improvements or simply keep it as is!
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage Spaces 1.00 Garage Type Garage - Side Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Types Attached Garage Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2800 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Single Room Units 10 Three Bedroom Units 0 Two Bedroom Units 0

    Property Features

    Acceptable Financing CashConventionalPrivateExchange Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water 60+ Gallon Tank Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 800960742218 Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 1482.00 Tax Assessment Amount 105900.00 Tax Lot 19 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Keller Williams Philly.


    ©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 Kiliszek Real Estate Experts | Keller Williams Midtown Direct. 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: 2021-09-24T16:53:44.52.
     
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    Maplewood NJ, 07040