1224 West Allegheny Avenue

1224 West Allegheny Avenue

Philadelphia, PA 19133

$230,000
Last Sold Price
8
Beds
4
Baths
2,424 Sq. Ft.
$95 / Sq. Ft.
2,424
Sq. Ft.
$95
per Sq. Ft.

Closed 4/26/23

Closed 4/26/23

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Description

Huge price reduction! Investor alert as opportunity awaits at 1224 W Allegheny corner multi-family property with 2,224 Abv Grd Fin SQFT! Excellent cash flow! There is a spacious quadruplex with flexible parking in both sides of each street (Allegheny Ave & Camac St) for sale in the Temple University/hospital area of Philadelphia waiting for its next Landlord! All 4 units' walls and ceilings are freshly painted and got cleaned recently as well. It is essential to mention that each unit has separate...Huge price reduction! Investor alert as opportunity awaits at 1224 W Allegheny corner multi-family property with 2,224 Abv Grd Fin SQFT! Excellent cash flow! There is a spacious quadruplex with flexible parking in both sides of each street (Allegheny Ave & Camac St) for sale in the Temple University/hospital area of Philadelphia waiting for its next Landlord! All 4 units' walls and ceilings are freshly painted and got cleaned recently as well. It is essential to mention that each unit has separate utilities and they also have enough space for laundry. The distribution of this multi-family building is; unit 1: 5 rooms/1bath (this unit also has a private entrance on Camac St), unit 2: 2 rooms/1 bath, unit 3: studio, unit 4: 4 rooms/1bath (Please see the pictures with the name of each section of the property for better understanding its distribution). In this area, the rent comparables show the following: 2 bed/1bath with laundry room units are rented between $950-$1,300, studios are rented between $600-$850, 1 bed/1bath are rented between $800-$1150 and 2 bed/bath $950-$1,150; therefore, and estimated monthly gross income of the total rents would be between $3,300-$4,450, and an estimated yearly gross income of $39,600-$53,400 (This estimated rent prices depends on the condition and size of each unit). The property is completely vacant and ready to move in the new tenants, knowing its proximity to universities & hospitals, it is a very demanding area for rent and the new owner will be able to charge good amounts of monthly passive income. The property has a lot of potential because of its size, location, and distribution. Another advantage of this property is that it already has the front yard fenced which helps a landlord control the trash of each unit in order to avoid any possible violations on the property—within walking distance to public transport, shopping, and restaurants. New construction and rental properties lined up together in one of the hottest rental areas of Philadelphia. Rents keep going up, don't let this opportunity pass you by! A new torch down rubber roof was recently done to the main roof and 2 bay roofs on the property. Also, it has been installed a new drain box, downspouts and metal flashing on the main roof. All new roofs come with a 10 Year Warranty that expires in August of 2032. The property is being sold in "asi-is" condition.
  1. Listed by Sergio Giraldo • Rehobot Real Estate, LLC
    P: 2157167173 sergiogiraldo@rehobotrealestate.com

Property Details for 1224 West Allegheny Avenue

Tax ID Number
431025200
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
FAIRHILL
Subdivision
FAIRHILL (PHILADELPHIA PA)

Location

Listing Courtesy of Rehobot Real Estate, LLC

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute
LISTING UPDATED: 04/27/2023 10:47 AM

Property Details for 1224 West Allegheny Avenue

StatusClosed
MLS #PAPH2177006
Days on Market56
Taxes$1,020 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.03 AC / 1,440 SF
CountyPhiladelphia County

Location

Listing Courtesy of Rehobot Real Estate, LLC

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute

Building Information for 1224 West Allegheny Avenue

Stories-Residences4Year Built1930Building Size-Lot Size0.03 AC / 1,440 SF

Payment Calculator

$1,340 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,255

Property Taxes

$85

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1224 West Allegheny Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19133 (19133)
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: 2022
  • Tax Assessed Value: $72,900
  • Year Assessed: 2022
  • Improvement Assessed Value: $56,621
  • City Town Tax: $460
  • Land Assessed Value: $16,279
  • Clean Green Assessed: No
  • Land Use Code: N50
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RM1
  • Tax Lot: 36
  • School Tax: $559
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Number Of Units Vacant: 4
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 2
Unit 2
  • Type: Unit 4
  • Unit Type Occupied YN: No
  • Beds Total: 3
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 3
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 4
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 1
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,424.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1190323
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Water Available, Natural Gas Available, Electric Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 1224 West Allegheny Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1224 West Allegheny Avenue

Taxable ValueLand$23,920Additions$95,680Total$119,600
Tax Record2023$1,674 ($140 / month)
Home Facts
Total Finished SqFt2,424 SqFtAbove Grade Finished SqFt2,424 SqFtStories3Lot Size1,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRM1CountyPHILADELPHIAAPN43-1-0252-00

Schools near 1224 West Allegheny Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Bethune Mary Mcleod School
Public - PK to 8
Dobbins Avt High School
Public - 9 to 12
Kenderton Elementary School
Public - K to 8
Philadelphia Military Academy At Elverson
Public - 9 to 12
Rating
School
Distance
Bethune Mary Mcleod School
PublicPK to 8

Dobbins Avt High School
Public9 to 12

Kenderton Elementary School
PublicK to 8

Philadelphia Military Academy At Elverson
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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Listing Courtesy of Rehobot Real Estate, LLC

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.