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1214 N 5TH Street

PHILADELPHIA, PA 19122
  • $925,000
  • STATUS: Active
  • ON SITE: 607 Days
  • ID#: PAPH2099080
UPDATED: 178 min ago
$925,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,270
    SQFT
  • $283
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Description

We are offering a downpayment assistance program: $5,000 in closing cost, $500 for appraisal, and $500 for Home Warranty through Motto Mortgage Expert Solutions. Delivered turnkey for an investor looking for ROI & income property located No-Libs adjacent, this is an excellent opportunity to own a Quadplex boasting approximately 3270 SQ FT. Also, great opportunity for an owner-occupant to reside in one unit and have the rental income pay for your mortgage. RM-1 Zoning. The building is comprised of 4 residential units, which are 2 units that are 2 bedrooms & 1 bathroom & 2 units which are 1 bedroom & 1 bathroom. On the first floor, there are 2 units, one located in the front & one located in the rear of the building. The first-floor front is a 1 bedroom & 1 bathroom unit. 1 Rear is 3-story, 2 bedrooms & 1 bathroom unit that is compromised on the 1st, 2nd & 3rd floors at the rear of the building. Located on the 2nd floor, there is 1 bedroom & 1 bathroom recently updated unit. There is a common coin-operated laundry on the second floor for all occupants to utilize and generates extra income. On the 3rd floor, there is a 2 bedroom & 1 bathroom. All units have been maintained and offer, recessed lighting, ceiling fans, hardwood floors, gas range, refrigerators & dishwashers. All units are separately metered for electricity and there is a common electric meter. There are 4 hot water heaters. Pride of ownership is evident throughout. The unfinished basement is accessible from the first-floor hallway and provides additional storage space. The added convenience of breezeway & large rear yard. The property is being sold in As-Is Condition. The property qualifies for CRA financing with 3% down & no mortgage insurance for added savings. Buyer needs to do their own due diligence to verify the zoning. Super easy access to shopping, coffee shops, restaurants & bars, in Northern Liberties, Fishtown & Olde Kensington. Easy access to public transportation & located in close proximity to the Girard Ave line. Walker's paradise at 95, Excellent Transit Score at 75 & Very Bikeable at 77.

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©2023 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 RE/MAX Main Line. 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: 2023-11-28T23:51:02.563.
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1214 N 5TH Street PHILADELPHIA, PA 19122

  • Price: $925,000
  • Status: Active
  • On Site: 607 Days
  • Updated: 178 min ago
  • ID#: PAPH2099080
0
Beds
0
Baths
0
½ Baths
0.05
Acres
3,270
SQFT
$283
$/SQFT
1915
Built
Neighborhood:
Northern Liberties
County:
Philadelphia
Area:
19122 (19122)
School District:
The School District Of Philadelphia
Property Description
We are offering a downpayment assistance program: $5,000 in closing cost, $500 for appraisal, and $500 for Home Warranty through Motto Mortgage Expert Solutions. Delivered turnkey for an investor looking for ROI & income property located No-Libs adjacent, this is an excellent opportunity to own a Quadplex boasting approximately 3270 SQ FT. Also, great opportunity for an owner-occupant to reside in one unit and have the rental income pay for your mortgage. RM-1 Zoning. The building is comprised of 4 residential units, which are 2 units that are 2 bedrooms & 1 bathroom & 2 units which are 1 bedroom & 1 bathroom. On the first floor, there are 2 units, one located in the front & one located in the rear of the building. The first-floor front is a 1 bedroom & 1 bathroom unit. 1 Rear is 3-story, 2 bedrooms & 1 bathroom unit that is compromised on the 1st, 2nd & 3rd floors at the rear of the building. Located on the 2nd floor, there is 1 bedroom & 1 bathroom recently updated unit. There is a common coin-operated laundry on the second floor for all occupants to utilize and generates extra income. On the 3rd floor, there is a 2 bedroom & 1 bathroom. All units have been maintained and offer, recessed lighting, ceiling fans, hardwood floors, gas range, refrigerators & dishwashers. All units are separately metered for electricity and there is a common electric meter. There are 4 hot water heaters. Pride of ownership is evident throughout. The unfinished basement is accessible from the first-floor hallway and provides additional storage space. The added convenience of breezeway & large rear yard. The property is being sold in As-Is Condition. The property qualifies for CRA financing with 3% down & no mortgage insurance for added savings. Buyer needs to do their own due diligence to verify the zoning. Super easy access to shopping, coffee shops, restaurants & bars, in Northern Liberties, Fishtown & Olde Kensington. Easy access to public transportation & located in close proximity to the Girard Ave line. Walker's paradise at 95, Excellent Transit Score at 75 & Very Bikeable at 77.
Exterior Features

Architectural Style LoftUnit/FlatSplit Level Construction Materials Masonry Garage YN No Location Type Urban Lot Features Rear YardSideyard(S) Parking Types On Street Pool No Pool Property Condition Very Good 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 3270 Appliances Oven/Range - GasDishwasherRefrigerator Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 600 Cooling Central A/C Exclusions Tenant's Belongings Fireplace YN No Flooring Hardwood Heating Hot Water Heating YN Yes Interior Features Wood Floors Security Features Carbon Monoxide Detector(S)Fire Detection SystemSmoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None

Property Features

Acceptable Financing ConventionalCashFha Accessibility Features None Assessment Year 2023 Central Air YN Yes Cooling Fuel Electric Cross Street Girard Ave Existing Lease Type Month To MonthYearly Foundation Details Stone Gross Income 4945.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 801437804724 Owner Pays Taxes - Real EstateWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 8668.00 Tax Assessment Amount 619300.00 Tax Lot 11 Transportation Metro/Subway Station Less Than 1 MileBus Stop Less Than 1 MileAirport Less Than 10 Miles Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Re/Max @ Home: .


©2023 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 RE/MAX Main Line. 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: 2023-11-28T23:51:02.563.
 
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RE/MAX Main Line
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West Chester PA, 19382