735 E Ontario Street

    PHILADELPHIA, PA 19134
    • $249,900
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: PAPH839466
    UPDATED: 13 min ago
    $249,900
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,824
      SQFT
    • $137
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Back on the market fully leased quadraplex in fast growing Kensington grossing more than $33,000 per year. Two 1-bedroom units leased at $675/month, one 1-bedroom unit leased at $875, and one studio leased at $550/month. The combined monthly income is $2,775/month yielding a capitalization rate north of 10%. Taxes for 2019 are a low $799. Unit upgrades could fetch higher monthly rents as this area continues to increase in desirability.

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-10-23T16:54:25.23.
    www.forcenj.com/homes/99604496

    735 E Ontario Street PHILADELPHIA, PA 19134

    • Price: $249,900
    • Status: Active
    • Updated: 13 min ago
    • ID#: PAPH839466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,824
    SQFT
    $137
    $/SQFT
    1920
    Built
    Neighborhood:
    19134 (19134)
    County:
    Philadelphia
    Area:
    19134 (19134)
    School District:
    The School District Of Philadelphia
    Property Description
    Back on the market fully leased quadraplex in fast growing Kensington grossing more than $33,000 per year. Two 1-bedroom units leased at $675/month, one 1-bedroom unit leased at $875, and one studio leased at $550/month. The combined monthly income is $2,775/month yielding a capitalization rate north of 10%. Taxes for 2019 are a low $799. Unit upgrades could fetch higher monthly rents as this area continues to increase in desirability.
    Exterior Features

    Architectural Style Converted Dwelling Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1824 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Heating Radiator Heating YN Yes Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 0

    Property Features

    Acceptable Financing CashConventionalJoint VentureNegotiableVa Accessibility Features None Assessment Year 2019 Association YN No Central Air YN No Cooling Fuel Electric Gross Income 30900.00 Heating Fuel Natural Gas Historic YN No Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Original MLSNumber 302098533417 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 799.0 Tax Assessment Amount 57100.0 Tax Lot 26 Total Actual Rent 30900.00 Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Compass Re.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-10-23T16:54:25.23.
     
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