Property
Philadelphia, PA 19148 2337-41 S Alder Street
$685,000
27 more
Presented By: OCF Realty LLC - Philadelphia
SQFT • 2,000
Home Details
Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio.
The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income.
Beyond its investment potential, consider transforming this property into your dream mansion with parking!
Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA.
Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
Presented By: OCF Realty LLC - Philadelphia
Interior Features for 2337-41 S Alder Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric
Street SuffixSTREET
Total Stories2
General for 2337-41 S Alder Street
AccessibilityNone
Business TypeOther
Buyer Agent Compensation2.75
Buyer Agent Compensation Type% Of Gross
Cap Rate7.50
CityPHILADELPHIA
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C, Wall Unit
CountyPHILADELPHIA
Days on Market330
DirectionsBest bet is to use your GPS... Drive West on Ritner. Just past 10th St, make a right onto S Alder St. Property will be on your right.
ExclusionsTenant's personal items
HeatingForced Air, Radiator
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet2400.00
MLS Area19148 (19148)
ModificationTimestamp2024-02-05T09:39:56
MunicipalityPHILADELPHIA
New ConstructionNo
Operating Expense4200.00
OwnerPaysTaxes - Real Estate, Water
Percent OwnershipFee Simple
PossessionImmediate, Negotiable
Price Per Sq Ft142.71
Property SubTypeMixed Use
Property TypeCommercial Sale
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Street NameALDER
Tax Annual Amount12333.0
Tax Assessed Value520200.0
Tax Year2023
Total Units4
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningRSA5
Exterior for 2337-41 S Alder Street
Building Area Total4800.00
Car Parking Spaces
Foundation DetailsOther
Lot Size Acres0.06
Lot Size SourceEstimated
Lot Size UnitsSquare Feet
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Chris Correira
Loan Officer