Philadelphia, PA 19111,6327-29-29 NEWTOWN AVE
See all 11 photos
Philadelphia, PA 19111,6327-29-29 NEWTOWN AVE
Philadelphia, PA 19111,6327-29-29 NEWTOWN AVE
Philadelphia, PA 19111,6327-29-29 NEWTOWN AVE
Philadelphia, PA 19111,6327-29-29 NEWTOWN AVE

$357,000

Est. payment /mo

$375,000

4.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6327-29-29 NEWTOWN AVE Philadelphia, PA 19111

2,632 SqFt

SOLD DATE : 09/30/2020

Key Details

Sold Price $357,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,632 sqft

Price per Sqft $135

Subdivision Lawncrest

MLS Listing ID PAPH908274

Style Other

Year Built 1950

Annual Tax Amount $3,681

Tax Year 2020

Lot Size 4,500 Sqft

Property Description

Attention Investors! Amazing new price for this exceptional opportunity to own a fully rented four unit building on a quiet residential street in a solid Philly neighborhood! This handsome brick, 2 story single structure features four charming one bedroom, one bathroom apartments with 2 separate entrances, all boasting hardwood floors (some have carpet over them) ceramic tile bathrooms, natural light, mostly new windows, ceiling fans and more! There is also a large, flat and lush backyard for tenants to enjoy. PLEASE NOTE: 2 OF THE 4 UNITS JUST RECEIVED RENT INCREASES AS OF 7/1/20 . This fully rented cash cow grosses over $36,000 per year and has minimal owner expenses. Three out of four unit are now paying $750/mo and newest lease is paying $800 (projected rent is $800/mo for 3 others next year). It has all separate utilities except water, and all of the heaters, electrical services, hot water heaters have been updated. The two basements have exits to the backyard and are very clean and offer common laundry areas and plenty of storage space. Current owners say it's been a breeze finding tenants, as this property is on a quiet residential street just blocks from Tookany Creek Park, borders Montco, and is just a few short blocks to regional rail line. Would work extremely well as an owner occupied whereby your mortgage is paid for you by other units! This is an incredible opportunity with a great return on investment and is truly TURN KEY!

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Exterior

Water Access N

Building

Lot Description Front Yard, Level, Rear Yard, SideYard(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Jeanne M Polizzi • Coldwell Banker Realty
Bought with Petraq Budo • Re/Max One Realty
agent

Jason Gareau

Broker

+1(609) 929-4486

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.