Price Reduction
Address
635 N 54Th Street Philadelphia, PA
Price
$ 190,000
Property Attributes
  • ID#PAPH991442
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19131
  • NeighborhoodPHILA
  • Zip19131
  • StyleAirLite,Straight Thru
  • Year Built1925
  • Taxes$ 2637
  • Price$ 190,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size871 SqFt
Listing Provided Courtesy Of:
OCF Realty LLC
Data Source:
Bright MLS - 382 - MD
Property Description

A rare opportunity to own a fully-occupied scattered -site, turn -key residential rental portfolio of 8 properties in West Philadelphia. All but two of the units are under Housing Choice Voucher program leases with the Public Housing Agency being responsible for an average of 73% of their income across all the properties. The portfolio was acquired over a period of seven years and nearly all of the units have been renovated within the last five years and have in-unit washers/dryers and microwaves. Ownership has maintained and self-managed the properties during this period. This opportunity offers investors a steady income for years to come for a group of properties located in an area that is rapidly increasing in value. This property is part of a package deal of 8 properties in total. 236 N Wanamaker St, 1725 S. 55th St., 5508 Lansdowne Ave., 7252 Grays Ave. , 1626 Wilton St., 5435 Belmar Ter., 5327 Ogden St.,

Price History
3/1/2021 Listed $7,900,000
4/22/2021 12% - $6,999,999
7/13/2021 98% - $190,000

General Features

Accessibility None
Architectural Style AirLite, Straight Thru
Construction Materials Masonry
Cool Fuel None
Cooling Window Unit(s)
County PHILADELPHIA
Days on Market 149
Garage Y/N No
Heating 90% Forced Air
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19131 (19131)
Municipality PHILADELPHIA
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Subject to Existing Lease
Price Per Sq Ft 117.28
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Structure Type End of Row/Townhouse
Subdivision Name PHILA (WEST)
Tax Annual Amount 2637.0
Tax Lot 20
Tax Year 2021
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA5

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 1620

Exterior Features

Lot Dimensions 15.00 x 67.00
Lot Size Acres 0.02
Lot Size Source Assessor
Lot Size Square Feet 1005.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19131

Price
AVG $240K
$190K
Taxes
AVG $1,701
$2,637
Visits
AVG 105
575
Year Built
AVG 1928
1925
Walkscore
AVG 83
83
Data Provided by Walkscore ® not using MLS data

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