Bought with Hannah Elizabeth Taylor • VRA Realty
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Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,117 sqft
Price per Sqft $147
Subdivision Germantown
MLS Listing ID PAPH2120862
Sold Date 09/28/22
Year Built 1900
Available Date 2022-06-02
Annual Tax Amount $9,121
Tax Year 2022
Lot Size 0.643 Acres
Acres 0.64
Lot Dimensions 150.00 x 221.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to 233 E Penn, also known as Alloa Place, a 12 unit apartment building. The converted mansion is comprised of 11 one bedroom units and 1 efficiency, most are rented below market rent. Listed as a 7.6 cap with a NOI of 97,977 in 2021, the building has a lot to offer, including coin operated laundry in the basement, am owner's storage space in the basement, separated utilities, and many original details still in tact. Tenants make use of on-site parking in the rear of the house, which easily handles 6+ cars. Some of the units have been updated while others have not, leaving the new owner room to add improvements. Videos of each individual unit are available. The building is located 2 blocks from Germantown Ave, and is located in a Federal Opportunity Zone. Reach out to the listing agent for more information and to schedule a showing.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA3
Interior
Hot Water Electric, Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 7.0
Water Access N
Accessibility 32\"+ wide Doors
Total Parking Spaces 7
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881059725
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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