Property

Philadelphia, PA 19123 329 W Girard Avenue

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Presented By: BHHS Fox & Roach-Center City Walnut
  • MLS# PAPH2293930
  • 11/02/2023
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  • Beds • 4

Home Details

PRICE REDUCTION! Invest in the heart of Northern Liberties & Fishtown with this exceptional real estate opportunity! Currently, all residential units are rented at $2,350 / $2,325 a month significantly below the prevailing market rates, offering turnkey stability with an upside with under market rents. This meticulously maintained mixed-use property boasts a prime location, offering substantial potential for increased income, and is easy to rent. The significant completed repairs include a new sewer line, basement water proofing with new sub-pump, and new rubber roofing. The ground floor features a bi-level commercial retail space housing a busy hair salon. Tenant is currently paying $3,990 monthly with annual rental increases of 4% for the next two years and has a three-year extension option. The Commercial Tenant is responsible for Snow/Ice Removal in front of the building. Above the retail space, the second floor presents a welcoming residential unit with two bedrooms and one bathroom with a private balcony. Ascending to the third floor, youll find another residential unit, that resides a long term tenant also with two bedrooms and one bathroom. This unit distinguishes itself with a spacious roof- deck and an additional balcony that grants breathtaking views of Center City. Throughout all units, the property showcases hardwood floors and elegant picture frame molding with open concept kitchens including stainless steel appliances, granite countertops, and custom-tiled kitchen backsplashes and bathrooms. Each unit also features in-unit washer/dryer and a central monitoring alarm system. This Turn-Key Property is characterized by its ease of maintenance, beautiful unit layouts, and excellent location making it an attractive proposition for both long-term investors and owner-occupants. Additionally, the location grants easy access to major thoroughfares such as I-95 and 676.
Presented By: BHHS Fox & Roach-Center City Walnut

Interior Features for 329 W Girard Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 329 W Girard Avenue

AccessibilityNone
Architectural StyleContemporary, Other
Cap Rate7.01
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Days on Market321
Directionsuse GPS
Garage Y/NNo
Gross Income102720.00
HeatingForced Air
Lot Size Square Feet1300.00
Lot Size UnitsSquare Feet
MLS Area19123 (19123)
ModificationTimestamp2024-09-27T13:24:10
MunicipalityPHILADELPHIA
Net Operating Income73619.00
New ConstructionNo
Number of Units Leased3
NumberOfUnitsTotal3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Percent OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG265.66
Property SubTypeTriplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeInterior Row/Townhouse
Tax Annual Amount11941.0
Tax Assessed Value853100.0
Tax Lot74
Tax Year2024
Total SQFT3576
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1875
Year Built SourceAssessor
ZoningCMX2

Exterior for 329 W Girard Avenue

Foundation DetailsSlab
Land Assessed Value170600.00
Land Use CodeY50
Lot Dimensions20.00 x 65.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $950,000
MLS#PAPH2293930
List Date 11/02/2023
Property Type Contingent
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