5622 North 2nd Street

Philadelphia, PA 19120

$224,000
Last Sold Price
Beds
2,415 Sq. Ft.
$93 / Sq. Ft.
2,415
Sq. Ft.
$93
per Sq. Ft.

Description

Looking for instant income? Look no further! No matter if you're just starting your real estate portfolio or a seasoned investor, or looking to buy as an owner-occupant, 5622 N 2nd st is a solid multi-family property in need of some cosmetic updating. The roof was replaced and all new hot water heaters were installed within the last few years. The First-floor tenant is moving out. It currently produces nearly $3000 per month and has separate utilities. Located on a quiet block in the Olney neighborhood,...Looking for instant income? Look no further! No matter if you're just starting your real estate portfolio or a seasoned investor, or looking to buy as an owner-occupant, 5622 N 2nd st is a solid multi-family property in need of some cosmetic updating. The roof was replaced and all new hot water heaters were installed within the last few years. The First-floor tenant is moving out. It currently produces nearly $3000 per month and has separate utilities. Located on a quiet block in the Olney neighborhood, each unit consists of 1 bed and 1 bath except for the studio unit in the basement. Leases are good through 2022. Tenants find this location very walkable as most errands, shopping, and public transportation can be reached on foot. All appointments must be confirmed in advance. Make time today to schedule a showing of this unique property and lock in your new cash-producing asset!

Unit #1 $825 per month
Unit #2 $765 per month
Unit #3 $650 per month
Unit #4 (studio) $685 per month

Listing Agent

  1. Cherise Wynne

    Cherise Wynne

    Listing Agent

    Compass

Property Details for 5622 North 2nd Street

Tax ID Number
612419000
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Subdivision
OLNEY
Subdivision
OLNEY (PHILADELPHIA PA)

Location

Sold By Settle Down Philadelphia

Add your commute
LISTING UPDATED: 08/28/2022 11:23 PM

Property Details for 5622 North 2nd Street

StatusClosed
MLS #PAPH2029926
Days on Market55
Taxes$2,259 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.13 AC / 5,456 SF
CountyPhiladelphia County

Location

Sold By Settle Down Philadelphia

Add your commute

Building Information for 5622 North 2nd Street

Stories-Residences4Year Built1930Building Size-Lot Size0.13 AC / 5,456 SF

Payment Calculator

$1,411 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,222

Property Taxes

$188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5622 North 2nd Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19120 (19120)
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
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $161,400
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $137,190
  • City Town Tax: $1,020
  • Land Assessed Value: $24,210
  • Clean Green Assessed: No
  • Land Use Code: G51
  • Zoning: RSA3
  • Tax Lot: 275
  • School Tax: $1,240
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
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: 42.00 x 129.91
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1337298
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Driveway - # of Spaces: 1
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 5622 North 2nd 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 5622 North 2nd Street

Taxable ValueLand$43,520Additions$174,080Total$217,600
Tax Record2023$3,046 ($254 / month)
Home Facts
Total Finished SqFt2,115 SqFtAbove Grade Finished SqFt2,115 SqFtStories3Lot Size5,456 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRSA3CountyPHILADELPHIAAPN61-2-4190-00

Schools near 5622 North 2nd Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lowell James R School
PublicPK to 4

Washington Grover Jr School
Public5 to 8

Fels Samuel 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.

Similar 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.

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.