6302 Morton Street

Philadelphia, PA 19144

$425,000
Last Sold Price
Beds
4,224 Sq. Ft.
$101 / Sq. Ft.
4,224
Sq. Ft.
$101
per Sq. Ft.

Description

Welcome to 6302 Morton St where the opportunity awaits to own a quadruplex/mixed use building in Germantown. The first floor unit is an office spanning the entire footprint which has been recently used by an accounting company, with it's own entry/exit and HVAC system. There is a lounge/waiting room as soon as you enter into the office space along with a reception desk. There are 5 office spaces, kitchenette area, and two available sinks. There is a powder room and storage room which serves this...Welcome to 6302 Morton St where the opportunity awaits to own a quadruplex/mixed use building in Germantown. The first floor unit is an office spanning the entire footprint which has been recently used by an accounting company, with it's own entry/exit and HVAC system. There is a lounge/waiting room as soon as you enter into the office space along with a reception desk. There are 5 office spaces, kitchenette area, and two available sinks. There is a powder room and storage room which serves this office as well. The rear mudroom can be used for additional storage and only the office has basement access. The previous business was paying $2k per month and is interested in extending a lease if the new owner is interested. On the second floor you will find a renovated 2-bedroom apartment with hardwood flooring in the living room, as well as a fireplace. The kitchen has been updated and comes with brand new stainless steel appliances. Both bedrooms are large enough to accommodate queen sized beds and share the full bathroom. There is a rear stairway in this unit which can access the office. This unit is projected to rent at $1300+/mo. The third floor occupies two apartments. Unit 3A is setup as an efficiency apartment and is newly renovated. The most recent tenant (July 2021) paid $700/mo. Unit 3B is currently a 1-Bedroom Apartment, also newly renovated. The current tenants lease is set to expire (August 2021) and the unit rents at $900/mo. There is a large yard for the property and all mechanicals in the building are newly updated - 3 hot water tanks, one furnace, HVAC system (office only). On the corner of Washington Lane and Morton St, this property is close to public transportation (bus route 23 and Septa regional), Germantown Ave, and local shopping/restaurants.

Listing Agent

  1. Terry Upshur

    Terry Upshur

    Listing Agent

    Compass

Property Details for 6302 Morton Street

Tax ID Number
871580390
Ownership
Fee Simple
HOA
No
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
PHILADELPHIA

Location

Sold By RE/MAX @ HOME

Add your commute
LISTING UPDATED: 09/13/2022 09:09 AM

Property Details for 6302 Morton Street

StatusClosed
MLS #PAPH2019102
Days on Market7
Taxes$2,524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.11 AC / 4,818 SF
CountyPhiladelphia County

Location

Sold By RE/MAX @ HOME

Add your commute

Building Information for 6302 Morton Street

Stories-Residences4Year Built1915Building Size-Lot Size0.11 AC / 4,818 SF

Payment Calculator

$2,530 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$210

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6302 Morton Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19144 (19144)
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: 2021
  • Tax Assessed Value: $180,300
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $144,240
  • City Town Tax: $1,139
  • Land Assessed Value: $36,060
  • Clean Green Assessed: No
  • Land Use Code: Y58
  • Zoning: RSA3
  • Tax Lot: 207
  • School Tax: $1,385
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Insurance, Lawn/Shrub Care, Repairs, Water
  • 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: 0
  • Number Of Units Vacant: 4
  • Rent Control: Yes
Financial Information
Expenses
  • Operating Expense: $12,792
  • Insurance Expense: $3,012
  • Maintenance Expense: $2,100
  • Other Expense: $7,980
Financial Information
  • Net Operating Income: $46,608
  • Annual Rental Income: $59,400
  • Income Includes: Apartment Rentals
  • Cap Rate: 10.00
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,224.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 40.15 x 120.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1320557
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Dishwasher, Refrigerator, Oven/Range - Electric, Oven/Range - Gas
  • Accessibility Features: 2+ Access Exits
  • Security Features: Surveillance Sys
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, 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: www.terryrephilly.com

Property History for 6302 Morton 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 6302 Morton Street

Taxable ValueLand$39,320Additions$157,280Total$196,600
Tax Record2023$2,752 ($229 / month)
Home Facts
Total Finished SqFt4,224 SqFtAbove Grade Finished SqFt4,224 SqFtStories3Lot Size4,818 SqFtStyleOffice BuildingYear Built1915ZoningRSA3CountyPHILADELPHIAAPN87-1-5803-90

Schools near 6302 Morton Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Emlen Eleanor C School
PublicPK to 5

Roosevelt Theodore Middle School
PublicK to 8

King Martin Luther High School
Public9 to 12

Parkway Northwest
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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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.