1005 North 6th Street

Philadelphia, PA 19123

$860,000
Last Sold Price
6
Beds
4
Baths
3,456 Sq. Ft.
$249 / Sq. Ft.
3,456
Sq. Ft.
$249
per Sq. Ft.

Description

Wow! Amazing investment opportunity in a prime Northern Liberties location. This 4-unit property is a great investment property or could be a slam dunk for an owner occupant. Live in one unit and have the tenants pay your mortgage! SELLER is offering a RATE BUYDOWN option for a limited time, with specific offer terms. For example you could possibly save as much as $1,100/mo on your mortgage for year 1 and $600+/mo in year 2. Inquiry for more details. The property is 100% occupied and has been since...Wow! Amazing investment opportunity in a prime Northern Liberties location. This 4-unit property is a great investment property or could be a slam dunk for an owner occupant. Live in one unit and have the tenants pay your mortgage! SELLER is offering a RATE BUYDOWN option for a limited time, with specific offer terms. For example you could possibly save as much as $1,100/mo on your mortgage for year 1 and $600+/mo in year 2. Inquiry for more details. The property is 100% occupied and has been since being purchased. The massive property boasts 4 units, spanning 4 stories plus the unfinished basement. There are 3 one-bedroom units and 1 three-bedroom unit that covers 2 floors. Only a half block from Girard Ave makes this location key for public transportation, shopping, entertainment and all of the conveniences of city living. Unit 1: $1550/mo, lease expires 10/31/24. Unit 2: $1155/mo, lease expires 6/30/24. Unit 3: $1390/mo, lease expires 7/31/24. Unit 4: $2245/mo, lease expires 7/31/24. The owner pays for water and common area electric/gas. The rest of the utilities are separated by unit and paid by the tenants. The basement is unfinished and provides storage space as well as houses 2 sets of coin operated washer and dryer. Income from washer and dryer: $70/mo. Turn over has been infrequent and the units have been filled easily due to the spacious layout and great location. The building has been well maintained with continual updates, including a long term roof that has an anticipated 30 year life span remaining, so operating costs are controlled. This is a great opportunity, in a prime location, to own a turnkey investment property.
  1. Listed by Jennifer L Geddes • KW Empower
    P: 2155458700 jenn@houses2homes.biz

Property Details for 1005 North 6th Street

Tax ID Number
057159800
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
01-26-2024
Cross Street
Girard

Location

Listing Courtesy of KW Empower

Sold By Solo Real Estate, Inc.

Add your commute
LISTING UPDATED: 04/08/2024 05:16 PM

Property Details for 1005 North 6th Street

StatusClosed
MLS #PAPH2310248
Days on Market12
Taxes$10,448 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.05 AC / 2,214 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower

Sold By Solo Real Estate, Inc.

Add your commute

Building Information for 1005 North 6th Street

Stories-Residences4Year Built1920Building Size-Lot Size0.05 AC / 2,214 SF

Payment Calculator

$5,564 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,693

Property Taxes

$871

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1005 North 6th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19123 (19123)
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: 2024
  • Tax Assessed Value: $746,400
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $597,120
  • City Town Tax: $4,715
  • Land Assessed Value: $149,280
  • Clean Green Assessed: No
  • Land Use Code: U70
  • Zoning: RSA5
  • Tax Lot: 89
  • School Tax: $5,733
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Water, Taxes - Real Estate
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Full Baths Count: 1
  • Unit Type Features: BI-level
Financial Information
Expenses
  • Operating Expense: $4,000
  • Insurance Expense: $3,750
Financial Information
  • Annual Rental Income: $77,280
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Year Major Reno Remodel: 2004
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 26.00 x 84.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 910115
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Security Features: Security Gate
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: houses2homes.biz

Property History for 1005 North 6th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1005 North 6th Street

Taxable ValueLand$149,280Additions$597,120Total$746,400
Tax Record2023$10,448 ($871 / month)
Home Facts
Total Finished SqFt1,376 SqFtAbove Grade Finished SqFt1,376 SqFtStories4Lot Size2,214 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRSA5CountyPHILADELPHIAAPN05-7-1598-00

Schools near 1005 North 6th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ludlow James R School
PublicPK to 8

Penn Treaty Middle School
Public6 to 12

Bodine William W High School
Public9 to 12

The U School: Innovative Lab
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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.