Sold
Last Sold Price
2,800 sqft$120/sqft
7124 Rising Sun Ave, Philadelphia, PA 19111
Multi FamilyProperty Type
2,875 sq ftLot Size
1952Year Built
$120/sq ftPrice per sq ft

Description

Prime location ! Calling investors or business owners ! Quick jump on this rare Burholme multi-purpose building which includes 3 units total right on the main commercial strip of Rising Sun Ave. Property is in great condition. Entire building has been renovated just waiting for you to move your business into and opportunity for 2 tenants above producing excellent income. Building is currently vacant since it was just completely renovated. 4,200 sq ft total including store front (2,800 of commercial...Prime location ! Calling investors or business owners ! Quick jump on this rare Burholme multi-purpose building which includes 3 units total right on the main commercial strip of Rising Sun Ave. Property is in great condition. Entire building has been renovated just waiting for you to move your business into and opportunity for 2 tenants above producing excellent income. Building is currently vacant since it was just completely renovated. 4,200 sq ft total including store front (2,800 of commercial office space + 2 apartments which are 700 sq ft each). Ground level store front which was the old East Coast Event Group, which has since moved its headquarters. Store front can be used for your business or generate approx $2,000/month in rent. Store contains 2 half bathrooms. One on main level and one in basement. Commercial space can be perfect for an type of professional of office such as a real estate office, event planning, insurance or financial services office. Above store are two residential apartments. 1st floor residential unit is a 1 bed 1 bath (w/ new flooring, freshly painted, new kitchen, new bathroom) - currently vacant which can generate approx $750/month in rent. 2nd floor residential unit is also a 1 bed 1 bath (w/ new flooring, freshly painted, new kitchen, new bathroom) which can generate approx $750/month. Total monthly gross income potential of appox $3,500 ($42,000/annually). New Roof - 2017. Heater and Central Air serviced annually. Don't miss out on this rare business opportunity !
  • Listed by: Michael Bottaro 267.307.2444 mbottaro@homestarrinc.com • Homestarr Realty
Listing closed: 07/26/2018 12:00 AM • Source: BRIGHT, MLS#: 1000489370

Recent comparable sales

Median sold price

$380,000

Avg days on market

26

Sale-to-list ratio

98.9%

Philadelphia, PA

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Location

Listing Courtesy of Homestarr Realty

Sold By Keller Williams Real Estate Tri-County

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Property Information for 7124 Rising Sun Avenue

Property Details
  • Taxes: $3,052 / year
  • MLS Type: Multi-Family / Fee Simple
  • Tax ID Number: 871165400
  • Ownership: Fee Simple
  • Condo Coop Association: No
  • HOA: No
  • Structure Type: Twin/Semi-Detached
  • Style: Other
  • Waterfront: No
  • Garage: No
  • Subdivision: BURHOLME
  • Subdivision: BURHOLME (PHILADELPHIA PA)
  • Cross Street: FRIENDSHIP
  • Municipality: PHILADELPHIA
  • Central Air: Yes
  • Basement: Yes
  • Above Grade Finished SQFT: 2,800.00
  • Above Grade Fin SQFT Source: Estimated
  • New Construction: No
  • Property Condition: Good
Building Information
  • Year Built: 1952
  • Lot Size: 0.07 AC / 2,875 SF
Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • County: PHILADELPHIA
  • MLS Area: 19111 (19111)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2018
  • Tax Assessed Value: $218,000
  • Improvement Assessed Value: $174,400
  • Land Assessed Value: $43,600
  • Land Use Code: S30
  • Zoning: CMX1
  • Tax Lot: 124
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
Rooms
Rooms
  • Room List: Primary Bedroom
Financial Information
Expenses
  • Annual Gross Expense: $3,052
Financial Information
  • Gross Income: $42,000
Building Info
Building Info
  • Total Finished SQFT: 2,800.00
  • Total SQFT: 2,800.00
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 25X115
  • Sign On Property: Yes
  • Parcel ID: 1110714
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Laundry Type: Washer In Unit, Dryer In Unit
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Heating Type: Gas, Hot Water, Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent URL: www.mikebottaro.com

Property History for 7124 Rising Sun Avenue

DateEvent & SourcePriceAppreciation
Jul 26, 2018

Closed (Public Record)

Public Record #628314255

$335,000
Jul 26, 2018

Closed

BRIGHT #1000489370

$335,000
Jul 5, 2018

Pending

BRIGHT #1000489370

DateEvent & SourcePrice
07/26/2018

Closed (Public Record)

Public Record #628314255

$335,000
07/26/2018

Closed

BRIGHT #1000489370

$335,000
07/05/2018

Pending

BRIGHT #1000489370

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7124 Rising Sun Avenue

Taxable ValueLand$61,600Additions$246,400Total$308,000
Tax Record2026$3,518 ($293 / month)
Home Facts
Baths2.5Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtStories2Lot Size2,875 SqFtStyleMiscellaneous CommercialYear Built1925Year Renovated1925ZoningCMX1CountyPHILADELPHIAAPN87-1165400

Schools near 7124 Rising Sun Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Crossan Kennedy C School
PublicK to 5

Castor Gardens Middle School
Public6 to 8

Northeast High School
Public9 to 12

Girls High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homestarr Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.