1914 Griffith Street

Philadelphia, PA 19152

$315,000
Price
Beds
1,320 Sq. Ft.
$239 / Sq. Ft.
1,320
Sq. Ft.
$239
per Sq. Ft.

Description

Property Overview:
Address: 1914 Griffith St, Philadelphia, PA 19111
Type: Duplex
Units: 2 (Each unit is 1 bedroom, 1 bath)
Additional Features:
1 car garage and basement Spacious Living Room
Modern Kitchen with Updated Appliances
Hardwood Floors
Access to Basement Storage
Status: Fully Rented
Investment Opportunity:
This fully rented duplex presents a fantastic investment opportunity in a prime Philadelphia location. Each unit offers a comfortable 1 bedroom, 1 bath layout, complete with a basement and a 1-car
...Property Overview:

Address: 1914 Griffith St, Philadelphia, PA 19111
Type: Duplex
Units: 2 (Each unit is 1 bedroom, 1 bath)
Additional Features:
1 car garage and basement Spacious Living Room
Modern Kitchen with Updated Appliances
Hardwood Floors
Access to Basement Storage
Status: Fully Rented

Investment Opportunity:

This fully rented duplex presents a fantastic investment opportunity in a prime Philadelphia location. Each unit offers a comfortable 1 bedroom, 1 bath layout, complete with a basement and a 1-car garage for added convenience. Managed by the reputable Innovate Realty & Property Management team, the property has been meticulously maintained and is in excellent condition, boasting a new roof installed in 2016. This can be part of a multi property transaction, including 1912 Griffith. Sale and acceptable offers subject to a 1031 Exchange. Tenant occupied, so we need to confirm before finalizing walk through scheduling. Turnkey Investment: This duplex is fully rented, offering immediate rental income and a hassle-free investment. Prime Location: Located in the desirable neighborhood of Philadelphia, PA, with easy access to public transportation, shopping centers, restaurants, and schools. Well-Maintained: Ownership of this duplex has always prioritized property maintenance, sparing no expense to keep it in prime condition. Significant investments have been made to ensure the property's longevity and appeal, including the installation of a new roof in 2016. Regular maintenance and upgrades are conducted with an open checkbook policy, ensuring that all aspects of the property, from the exterior to the interior, are kept in excellent shape. This commitment to maintenance reduces unexpected expenses and enhances the property's value and attractiveness to potential tenants. Stable Tenancy: Both units are occupied by reliable tenants, providing consistent and steady cash flow. Professional Management: Innovate Realty & Property Management, formerly McSherry Property Management, has been a trusted name in property management since 1970. With decades of experience, they provide top-tier management services that ensure tenant satisfaction and property upkeep. Their professional approach includes thorough tenant screening, timely rent collection, regular property inspections, and prompt maintenance services. As a result, this property is not only fully rented but also enjoys a stable rental income and high tenant retention rates. Why Invest in 1914 Griffith St? High Demand Area: Strong rental demand ensures low vacancy rates and high rental income potential. Solid ROI: With both units rented, this property offers a solid return on investment. Future Appreciation: The Philadelphia real estate market continues to grow, promising future appreciation and value increase. Additional Purchase Options:
This property can also be purchased as part of a larger investment portfolio, including the neighboring properties at:
1912 Griffith St, Philadelphia, PA 19111
7916 Loretto Ave, Philadelphia, PA 19111

Don't miss out on this opportunity to own a well-maintained, income-generating property in Philadelphia. Contact Innovate Realty & Property Management for more details and to schedule a viewing.
  1. Listed by Joseph A. Vescovich • J G McSherry LLC
    P: 2157454200 jvesco@jgmcsherry.com

Property Details for 1914 Griffith Street

Tax ID Number
561531400
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional, Straight Thru
Waterfront
No
Garage
Yes
Expected On Market Date
05-25-2024
Cross Street
Loretto

Location

Listing Courtesy of J G McSherry LLC
Add your commute
LISTING UPDATED: 06/09/2024 01:53 PM

Property Details for 1914 Griffith Street

StatusPending
MLS #PAPH2356418
Days on Market18
Taxes$3,750 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1957
Lot Size0.06 AC / 2,694 SF
CountyPhiladelphia County

Location

Listing Courtesy of J G McSherry LLC
Add your commute

Building Information for 1914 Griffith Street

Stories-Residences2Year Built1957Building Size-Lot Size0.06 AC / 2,694 SF

Payment Calculator

$2,032 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,719

Property Taxes

$313

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1914 Griffith Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: 3rd Party
  • 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $267,900
  • County Tax: $0
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: W30
  • Refuse Fee: $500
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RSA3
  • Tax Lot: 336
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Insurance, Lawn/Shrub Care, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 2
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $1,200
  • Trash Expense: $500
Financial Information
  • Gross Income: $19,500
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,320.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 1291264
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, On Street, Attached Garage
  • Num of Attached Garage Spaces: 1
  • Driveway - # of Spaces: 2
  • Total Garage Spaces: 1
  • Garage Features: Basement Garage
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: None chosen (Non-REALTOR/Stockholder)

Property History for 1914 Griffith 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 1914 Griffith Street

Taxable ValueLand$53,580Additions$214,320Total$267,900
Tax Record2023$3,750 ($313 / month)
Home Facts
Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtStories2Lot Size2,694 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957ZoningRSA3CountyPHILADELPHIAAPN56-1-5314-00

Schools near 1914 Griffith Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
Rhawnhurst School
PublicPK to 5

Wilson Woodrow Middle School
Public6 to 8

Northeast High School
Public9 to 12

Meehan Austin Middle School
Public7 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 J G McSherry 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.