$575,000
$575,000
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112 E MOUNT AIRY AVE Philadelphia, PA 19119
0.32 Acres Lot
Key Details
Sold Price $575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Mt Airy (East)
MLS Listing ID 1003634733
Sold Date 03/15/17
HOA Y/N N
Originating Board TREND
Year Built 1916
Annual Tax Amount $6,675
Tax Year 2016
Lot Size 0.315 Acres
Acres 0.32
Lot Dimensions 78X176
Property Description
This eight unit three story apartment building is located in a prime location of Mount Airy. It has amazing curb appeal with old world charm from the outside in. It has many of its original details. The property offers 100 percent occupancy to the buyer. Some of the tenants have been long term tenants and wish to stay. There are three ADA approved units in the building. The units offer nice kitchens, sizable living rooms, large bedrooms, updated bathrooms and hardwood floors throughout. The property was totally updated and rehabbed seven years ago. The units are in good condition with the hallways of the property needing some TLC. The property sits on a beautiful 1/3 of acre of land offering a large front yard that accentuates this majestic Victorian building. There is also a very large back yard which is common space for the tenants. The basement has storage bins for each unit to utilize. There are separate utilities so you will see the heaters, hot water heaters, electric meters and gas meters all in the basement looking like soldiers lined up and designated to a specific unit. There is coin operated laundry in the basement which provides additional income for the landlord. This is a great investment for the right buyer. The building is very solid piece of real estate which would be a great addition to any investor's portfolio. This property is close to all forms of public transportation so the tenants don't even need a car. It is within walking distance of the Mount Airy business district and convenient to bus route 23 and H as well as the R7 and R8 rail lines. Since this is tenant occupied, there is 24 hours notice required for each showing. Planning for more then 24 hours notice would be appreciated since the listing agent must be present at all showings. Please call the appointment center to book a showing.
Location
State PA
County Philadelphia
Area 19119 (19119)
Zoning RSA2
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881042520
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Eileen Gray • Long & Foster Real Estate, Inc.
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