Philadelphia, PA 19124,1348 ORTHODOX ST
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Philadelphia, PA 19124,1348 ORTHODOX ST
Philadelphia, PA 19124,1348 ORTHODOX ST
Philadelphia, PA 19124,1348 ORTHODOX ST
Philadelphia, PA 19124,1348 ORTHODOX ST

$319,000

Est. payment /mo

$319,000

Est.Price: ?

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1348 ORTHODOX ST Philadelphia, PA 19124

3,852 SqFt

SOLD DATE : 07/11/2022

Key Details

Sold Price $319,000

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,852 sqft

Price per Sqft $82

Subdivision Northwood

MLS Listing ID PAPH2119592

Style Other

Year Built 1930

Annual Tax Amount $1,619

Tax Year 2022

Lot Size 4,187 Sqft

Property Description

ATTENTION INVESTORS and FUTURE INVESTORS - 10% plus Cap Rate, 4 units with an owners bi-level apartment and basement access with legal fire alarm. This large quadraplex in the Northwood section of Northeast Philly is directly across from Overington Park, a 4 Acre oasis of graceful lawns, shady trees and flower gardens and right down the street from Frankford Select Friends School. The building was previously a large estate, before being transformed into a multi-family building years ago, but the original charm and character still exist today. The property is currently partially occupied and has almost 3,000 squares ft. of living space with 3 -1 bedroom apartments and an owners unit, a 4 bedroom bi-level apartment with 2 full bathrooms and a full basement. All separate utilities, water, electric and & gas are all tenants responsibility. Owner pays for cold water. Roof was just maintained in 2022, all water heaters were upgraded at the same time for each unit just a few years ago and each unit has its own heater which were all purchased at the same time as well. The owner resided here for years and took care of the building as his primary residence and not a rental. The property shows a positive income, projected to gross over $41k annually when fully occupied and a +10% Cap Rap with a +20% Cash on Cash Return. Only PAR agreements, no letters of intent.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Flooring Wood, Fully Carpeted, Tile/Brick

Fireplaces Number 1

Equipment Built-In Microwave, Cooktop, Oven - Single, Oven/Range - Gas, Refrigerator

Exterior

Exterior Feature Wrap Around

Utilities Available Natural Gas Available, Phone, Electric Available, Water Available

Water Access N

View City, Park/Greenbelt

Roof Type Flat,Shingle

Building

Foundation Stone

Sewer Public Sewer

Water Public

Structure Type High

New Construction N

Schools

School District The School District Of Philadelphia

Others

Acceptable Financing Conventional, FHA, Cash, VA

Listing Terms Conventional, FHA, Cash, VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Anthony Joseph Krupincza • CG Realty, LLC
Bought with Tona Booker • Keller Williams Real Estate Tri-County

Jason Gareau

Broker

+1(609) 929-4486

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