Address
6371 Germantown Avenue Philadelphia, PA
Price
$ 595,000
Property Attributes
  • MLS#PAPH919722
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19144
  • Zip19144
  • StyleStraight Thru,Traditional
  • Year Built1905
  • Taxes2006
  • Price$ 595,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Property Description

Highly sought after Multi-family/Commercial 5 unit building in bustling Germantown business corridor. Separately metered heat for all units and tenants pay a portion of water bill. Terrific bottom line with a $63900 rent roll that translates to a 8.9% cap rate.4 fully rented apartments plus an operating day care center.RENT Daycare $2400 $50 water (to be renewed Dec 2020)2nd floor efficiency $675 (month to month)2nd floor 2 room $600 (month to month been at the building for 3 years)3rd floor 2 bed/1 bath $900 (month to month been at the building since 2012)Rear $900 (month to month been at the building since 2018) TOTAL $5325 monthly $63,900 p/yr REAL ESTATE TAXES $2,006 p/yrLiability Insurance Property Policy (Mutual Benefit): $2,382 p/yrGeneral Liability (USLI): $1,470 p/yrUTILITIES PECO (Common area) $125 per month $1,500 p/yrWATER $150 per month $1,800 p/yrTOTAL $9,152 p/yr Mount Airy Association fees $280 p/yr TOTAL RENTAL INCOME $63900 LESS EXPENSES $9,432NET $54,468 I can provide copies of all bills and leases when needed.There are separate electric meters for all units (electric baseboard heat).

Price History
7/29/2020 Listed $595,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Straight Thru, Traditional
Avg. Electric Per Month 125.0
Construction Materials Masonry, Other
Cool Fuel Electric
Cooling Window Unit(s)
County PHILADELPHIA
Flooring Carpet, Hardwood
Garage Y/N No
Heating Baseboard - Electric
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Historic Y/N No
MLS Area 19144 (19144)
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 155.19
Property SubType Other
Property Type Multi-Family
PropertyCondition Good
Real Estate Owned Y/N No
Rent Control Y/N No
Sewer Public Sewer
Single Room Units Count 1
Structure Type Detached
Tax Year 2020
Total Units 4
Two Bedroom 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2

Interior Features

Avg. Heating Oil Per Month 0.0
Basement Full, Outside Entrance, Interior Access, Unfinished
Basement Y/N Yes
Central Air Y/N No
Fireplace Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 3834
Utilities Cable TV, Electric Available

Exterior Features

Lot Dimensions 20.77 x 109.70
Lot Features Level
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2278.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Type of Parking Alley
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19144

Price
AVG $490K
$600K
Taxes
AVG $1,860
$2,006
Visits
AVG 48
30
Year Built
AVG 1902
1905

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