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📍 RARE Philadelphia 3-Unit in 19122 | Off-Market 💎
OFF-MARKET 3-UNIT IN PHILADLEPHIA | 19122 ZIP CODE
Asking: $525,000 (contract sale)
Location: XXXX N Randolph St 19122
Type: Residential Multi (legal 3 family, with legal variance)
Size: 2,875 Sq Ft
Unit Mix: (1) 1 bed which can be converted to 2 bed easily, (1) 2 bed, (1) 3 bed
Utilities: Individual electric and gas meters. Individual hot water heaters—1 year old!
Description: 3-unit in good shape that has been well maintained through the years. Utilities has been replaced and there has been nothing neglected. There is some lightweight updating that can be done to common areas like lighting and painting. Units can be updated to new paint scheme and update appliances/fixtures.
Bonus Features: Common laundry room located on 2nd floor. Huge backyard with large storage shed. Basement access through the 1st floor unit, storage/utility basement.
Financials & Income:
Taxes—$7350 per year
Insurance—$4500 per year
Historical Rents (as-is condition):
Unit 1—$1300
Unit 2—$1300 (tenant of 7+ years)
Unit 3—$1500 (tenant of 7+ years)
Market Rents:
Unit 1—$1575 (access to back yard and basement)
Unit 2—$1500
Unit 3—$1675
Total Rents—$4750