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2119 E Chelten Avenue

PHILADELPHIA, PA 19138
  • $279,999
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: PAPH2176772
$279,999
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,038
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

Description

This is a cash cow. Commercial unit is rented by a religious organization for 1100, Upper level 2-bedroom unit is rented for 850 by long term tenant. Lower level 2-bedroom unit is rented at 1100. The heating system in the upstairs unit was recently updated. This property accumulates over 3000 in income. Low maintenance income producing property. This property generates 29,646 in net income. Operating expense of 10% (sellers expense is lower). CAP RATE OVER 10%. The garage can also be rented for additional profit.

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www.marylandshoreliving.com/homes/134568516
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2119 E Chelten Avenue PHILADELPHIA, PA 19138

  • Price: $279,999
  • Status: Active
  • On Site: 32 Days
  • MLS #: PAPH2176772
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,038
SQFT
$69
$/SQFT
1895
Built
Neighborhood:
Oak Lane
County:
Philadelphia
Area:
19138 (19138)
School District:
The School District Of Philadelphia
Property Description
This is a cash cow. Commercial unit is rented by a religious organization for 1100, Upper level 2-bedroom unit is rented for 850 by long term tenant. Lower level 2-bedroom unit is rented at 1100. The heating system in the upstairs unit was recently updated. This property accumulates over 3000 in income. Low maintenance income producing property. This property generates 29,646 in net income. Operating expense of 10% (sellers expense is lower). CAP RATE OVER 10%. The garage can also be rented for additional profit.
Exterior Features

Architectural Style Airlite Construction Materials Masonry Garage YN No Other Structures Above Grade Parking Types On Street 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 4038 Cooling None Heating RadiatorBaseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Electric 200+ Amp Service Foundation Details Concrete Perimeter Heating Fuel Natural Gas Hot Water Natural GasElectric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801995298524 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 2669.00 Tax Assessment Amount 190700.00 Tax Lot 123 Vacation Rental YN No Water Source Public Zoning Cmx1

 
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