Address
1219 N 29Th Street Philadelphia, PA
Price
$ 300,000
Property Attributes
  • MLS#PAPH931922
  • TypeContingent
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • NeighborhoodBREWERYTOWN
  • Zip19121
  • StyleTraditional
  • Year Built1925
  • Taxes2919
  • Price$ 300,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Keller Williams Philly
Data Source:
Bright MLS
Property Description

Welcome to 1219 N 29th Street, a LEGAL triplex (100% residential) with active rental licenses located in the heart of booming Brewerytown. (1217 N 29th street is also listed for $275,000). If you are looking for a 9% CAP RATE, then this is the asset for you! The opportunities are endless here; purchase as a cash flowing triplex, live in one unit and rent out the other two, convert the 1st floor to commercial with 2 residential units above based on the CMX2 zoning guidelines or update the units to increase your gross rents and After Repair Value (ARV)! Located right off Girard Ave this location has everything you would want for future rent growth and asset appreciation; Girard trolley stop right outside plus local bus routes, Immediate access to I-76, and other major expressways! Local attractions range from breweries, cafes, parks, and nightlife right outside your door to iconic landmarks like Fairmount Park, Art Museum, Boathouse Row, Eastern State Penitentiary, and so much more within minutes! Your local grocery shops are the popular ALDI and WholeFoods, it doesn't get better than that! The property is laid out as 3 one bedroom, one bath units with one unit per floor making each unit a flat. The 1st-floor unit has a private backyard and basement access which has 7.5-foot ceiling providing the opportunity for future finish-able square footage without having to underpin. This unit is currently vacant and has a projected rent of $1100 as is. The 2nd-floor unit is currently occupied on a month-to-month lease for $950 per month and the tenant has been in place since 2016. Finally, the 3rd-floor unit is vacant with a projected rent of $800 month rounding out the total projected GROSS RENTS OF $2850 per month or $34,200 per year. A 9% CAP RATE- not too shabby! Reach out for a private showing today as this one won't last long!

Price History
3/29/2021 Listed $300,000

General Features

Accessibility None
Appliances Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Washer, Refrigerator
Architectural Style Traditional
Construction Materials Brick
Cool Fuel Electric
Cooling Window Unit(s)
County PHILADELPHIA
Days on Market 6
Garage Y/N No
Heating Radiator, Hot Water
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Interior Features Carpet, Ceiling Fan(s), Tub Shower, Wood Floors
MLS Area 19121 (19121)
New Construction No
Numberofunitsvacant 2
One Bedroom Units Count 3
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 3
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 156.25
Property SubType Triplex
Property Type Multi-Family
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name BREWERYTOWN
Tax Annual Amount 2919.0
Tax Lot 72
Tax Year 2020
Total Units 3
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 1920

Exterior Features

Inclusions All appliances in as-is condition and the property may or may not be cleaned out prior to closing.
Lot Dimensions 16 by 74
Lot Size Acres 0.03
Lot Size Source Estimated
Lot Size Square Feet 1184.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking None
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 55+
  • 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 19121

Price
AVG $270K
$300K
Taxes
AVG $1,463
$2,919
Visits
AVG 61
15
Year Built
AVG 1942
1925
Walkscore
AVG 76
86
Data Provided by Walkscore ® not using MLS data

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