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Buy a houseat 1514 ARROTT STREET, PHILADELPHIA, PA 19124

$225,000

$0/mo

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Multifamily

1,904 Sq. Ft.

2,178 Sq. Ft. lot

330 Days on market

PAPH2245396 MLS ID

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About 1514 ARROTT STREET house

Fantastic opportunity to purchase a solid triplex in Frankford just a stone's throw from the Arrott stop of the Market Frankford El. Currently vacant and ready for you to add your own tenants. The 1st floor consists of a large 2 bed, 1 bath unit with plenty of windows and closet space plus access to the extra-large rear yard. The 2nd floor contains a large studio with separate kitchen, bath, bright front windows and brand new LVT flooring. The 3rd floor is a 1 bed, 1 bath unit with an oversized bedroom, LR/kitchen combo and tons of natural light. Really a great property to add to your investment portfolio or live in one and rent out the others to supplement your mortgage. A few minor improvements are needed but this could be a great cash flowing property with a tremendous cap rate. Literally 100 yards to the El/subway and you can be anywhere in the city in less than 30 minutes. You'll never have a vacancy when your tenants can get to the train and their job in literally 30 seconds. Will not last, schedule your showing today!
Fantastic opportunity to purchase a solid triplex in Frankford just a stone's throw from the Arrott stop of the Market Frankford El. Currently vacant and ready for you to add your own tenants. The 1st floor consists of a large 2 bed, 1 bath unit with plenty of windows and closet space plus access to the extra-large rear yard. The 2nd floor contains a large studio with separate kitchen, bath, bright front windows and brand new LVT flooring. The 3rd floor is a 1 bed, 1 bath unit with an oversized bedroom, LR/kitchen combo and tons of natural light. Really a great property to add to your investment portfolio or live in one and rent out the others to supplement your mortgage. A few minor improvements are needed but this could be a great cash flowing property with a tremendous cap rate. Literally 100 yards to the El/subway and you can be anywhere in the city in less than 30 minutes. You'll never have a vacancy when your tenants can get to the train and their job in literally 30 seconds. Will not last, schedule your showing today!

Property details

House

Traditional

1,904 sqft living area

Built in 1935

Structure Type: Twin/Semi-Detached

3 units in building

Masonry

Cooling

Electric

Window Unit(s)

Expenses

Operating Expense: $10,000

Insurance

Snow Removal

Foundation

Stone

Heating

Electric

Baseboard - Electric

Income

Gross Income: $36,000

Net Operating Income: $26,000

Listing

10 days on market

$118 per sqft

Property Sub Type: Triplex

Location

Municipality: PHILADELPHIA

County: Philadelphia

MLS Area: 19124 (19124)

Lot

2,000 sqft

Lot Size Dimensions: 20.00 x 100.00

0.05 acres

Property

Other Structures: Above Grade,Below Grade

Other Units: Unit 1,Unit 2,Unit 3

Outdoor Living Structures: Patio(s)

1 one-bedroom unit

1 single-room unit

1 two-bedroom unit

Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Sewer

Public Sewer

Taxes

City/Town Tax: $1,356

City/Town Tax Pymnt Freq: Annually

County Tax Pymnt Freq: Annually

School Tax: $1,649

Tax Annual Amount: $3,006

Tax Year: 2022

Utilities

Hot Water: Electric

Monthly cost

Estimated monthly cost

$1,588/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Feb 7, 2022

Price

$175,200

Date

Nov 19, 2014

Price

$100,000

DatePrice
Feb 7, 2022$175,200
Nov 19, 2014$100,000

Schools

This home is within the Philadelphia City School District.

Philadelphia enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$211,500

+$6,750

$218,250

Seller agent commission$6,750 (3%)*

$0 (0%)

Buyer agent commission$6,750 (3%)*

$6,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $6,750 more selling your home
with an Unreal Estate agent

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: May 15, 2024 at 4:07 a.m.

Data updated: Jun 29, 2023 at 6:04 p.m.

Courtesy of Bryan J Capone, Keller Williams Philly
This content last updated on 06/29/2023.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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