1348 Orthodox Street

Philadelphia, PA 19124

$319,000
Last Sold Price
7
Beds
5
Baths
3,852 Sq. Ft.
$83 / Sq. Ft.
3,852
Sq. Ft.
$83
per Sq. Ft.

Description

ATTENTION INVESTORS and FUTURE INVESTORS - 10% plus Cap Rate, 4 units with an owners bi-level apartment and basement access with legal fire alarm. This large quadraplex in the Northwood section of Northeast Philly is directly across from Overington Park, a 4 Acre oasis of graceful lawns, shady trees and flower gardens and right down the street from Frankford Select Friends School. The building was previously a large estate, before being transformed into a multi-family building years ago, but the...ATTENTION INVESTORS and FUTURE INVESTORS - 10% plus Cap Rate, 4 units with an owners bi-level apartment and basement access with legal fire alarm. This large quadraplex in the Northwood section of Northeast Philly is directly across from Overington Park, a 4 Acre oasis of graceful lawns, shady trees and flower gardens and right down the street from Frankford Select Friends School. The building was previously a large estate, before being transformed into a multi-family building years ago, but the original charm and character still exist today. The property is currently partially occupied and has almost 3,000 squares ft. of living space with 3 -1 bedroom apartments and an owners unit, a 4 bedroom bi-level apartment with 2 full bathrooms and a full basement. All separate utilities, water, electric and & gas are all tenants responsibility. Owner pays for cold water. Roof was just maintained in 2022, all water heaters were upgraded at the same time for each unit just a few years ago and each unit has its own heater which were all purchased at the same time as well. The owner resided here for years and took care of the building as his primary residence and not a rental. The property shows a positive income, projected to gross over $41k annually when fully occupied and a +10% Cap Rap with a +20% Cash on Cash Return. Only PAR agreements, no letters of intent.
  1. Listed by Anthony Joseph Krupincza • CG Realty, LLC
    P: 9145843219 anthony@campbellgerrard.com

Property Details for 1348 Orthodox Street

Tax ID Number
234059700
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Views
City, Park/Greenbelt
Garage
No
Expected On Market Date
05-22-2022

Location

Listing Courtesy of CG Realty, LLC

Sold By Keller Williams Real Estate Tri-County

Add your commute
LISTING UPDATED: 07/12/2022 10:43 AM

Property Details for 1348 Orthodox Street

StatusClosed
MLS #PAPH2119592
Days on Market16
Taxes$1,619 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.10 AC / 4,187 SF
CountyPhiladelphia County

Location

Listing Courtesy of CG Realty, LLC

Sold By Keller Williams Real Estate Tri-County

Add your commute

Building Information for 1348 Orthodox Street

Stories-Residences4Year Built1930Building Size-Lot Size0.10 AC / 4,187 SF

Payment Calculator

$1,876 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,741

Property Taxes

$135

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1348 Orthodox Street

Location
Location
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19124 (19124)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $115,700
  • Year Assessed: 2022
  • County Tax: $0
  • Improvement Assessed Value: $93,915
  • City Town Tax: $730
  • Land Assessed Value: $21,785
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: N50
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RSA3
  • Tax Lot: 80
  • School Tax: $888
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: 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 Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 2
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 2
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Level: 2
  • Unit Type Lease Type: None
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: M-M
  • Total Rooms: 3
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: None
  • Beds Total: 4
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
  • Unit Type Features: M-M
  • Total Rooms: 6
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: M-M
  • Total Rooms: 2
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: M-M
  • Total Rooms: 3
Financial Information
Expenses
  • Operating Expense Includes: Trash
  • Insurance Expense: $2,000
  • Trash Expense: $500
  • Water Avg Month: $100
  • Water Prev 12 Months: $1,200
  • Electric Avg Month: $25
  • Electric Prev 12 Months: $300
Financial Information
  • Gross Scheduled Income: $41,700
  • Net Operating Income: $34,208
  • Annual Rental Income: $41,700
  • Income Includes: Apartment Rentals
  • Cap Rate: 10.69
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 35.00 x 120.00
  • Lot Dimensions Source: Assessor
  • Location Type: Urban
  • Parcel ID: 1024478
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Cedar Closet(s), Ceiling Fan(s), Carpet, Breakfast Area, Crown Moldings, Tub Shower
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Built-In Microwave, Cooktop, Oven - Single, Oven/Range - Gas, Refrigerator
  • Accessibility Features: None
  • Security Features: Carbon Monoxide Detector(s)
  • Door Features: French, Double Entry
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks, Street Lights
  • Outdoor Living Structures: Wrap Around
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Natural Gas Available, Phone, Electric Available, Water Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Oil
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers

Property History for 1348 Orthodox 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 1348 Orthodox Street

Taxable ValueLand$59,000Additions$236,200Total$295,200
Tax Record2023$4,132 ($344 / month)
Home Facts
Total Finished SqFt2,952 SqFtAbove Grade Finished SqFt2,952 SqFtStories3Lot Size4,187 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRSA3CountyPHILADELPHIAAPN23-4-0597-00

Schools near 1348 Orthodox Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Marshall John School
PublicK to 5

Harding Warren G Middle School
Public6 to 8

Frankford High School
Public9 to 12

Middle Years Alternative School
Public5 to 8

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 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 CG Realty, 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.