$616,500
$625,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
150 SUMAC ST Philadelphia, PA 19128
3,587 SqFt
Key Details
Sold Price $616,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,587 sqft
Price per Sqft $171
Subdivision Wissahickon
MLS Listing ID PAPH862888
Sold Date 02/21/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $5,753
Tax Year 2020
Lot Size 4,851 Sqft
Acres 0.11
Lot Dimensions 34.65 x 140.00
Property Description
Fabulous and rare INVESTMENT OPPORTUNITY in this beautiful, stone, 6 apt. unit building, complete with outdoor space and a deck. This magnificent architectural piece is located just steps from the train station and other public transportation, and just minutes from Jefferson University, Manayunk, the bike and walk trails of the Wissahickon Park, as well as Center City. The property consists of a mix of small, medium, and large 1 bedroom apartments. Fully rented, and expertly managed for many years, this property is a TURN-KEY operation! Most leases are annual, just a few exceptions for shorter terms where it works out to the benefit of the landlord. All units are updated and well maintained, utilities are separated and paid by tenants, including heat, electricity, air conditioning, and hot water. The only utilities paid by Landlord is water (approx. $125-175 per month), common area electricity (approx. $30-40 per month), and $84 per month for internet for the security cameras. Free laundry facility (2 washers and 2 dryers) is located in the basement. Practically no vacancies ever, as apartments rent quickly and to well qualified tenants. A similar property is also listed at 3900 Terrace St, for details see MLS#: PAPH862702.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Forced Air, Zoned
Cooling Central A/C
Flooring Hardwood
Heat Source Electric, Natural Gas
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
View Street
Roof Type Flat
Street Surface Black Top
Accessibility None
Road Frontage City/County
Garage N
Building
Lot Description Front Yard, Level, Rear Yard, SideYard(s)
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Cook-Wissahickon
High Schools Roxborough
School District The School District Of Philadelphia
Others
Tax ID 881083820
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Main Entrance Lock,Smoke Detector,Surveillance Sys
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Zsuzsanna "ZJ" Jasdi • BHHS Fox & Roach-Blue Bell
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