1716 Bridge Street
Philadelphia, PA 19124
- – beds
- – baths
- 1,408 sqft
- 309 sqft lot
- $124 per sqft
- 1920 build
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BACK ON THE MARKET! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate!! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J.O.B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell. Cash deals preferred. Property being sold AS IS.
Listing courtesy of BRIGHT / Long & Foster Real Estate, Inc.
Last checked:
Checking…
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Last updated Dec 18, 2024
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MLS# PAPH2383150 —
The Building
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Year Built:1920
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Year Built Source:Estimated
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Roof:Flat
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New Construction:No
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Construction Materials:Brick Front
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Building Units Total:2
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Structure Type:Interior Row/Townhouse
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Historic:No
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Architectural Style:AirLite
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Accessibility Features:None
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Foundation Details:Other, Brick/Mortar, Block, Stone
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Basement:No
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Ceiling Fan(s)
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Room Count:5
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Flooring Type:Vinyl
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1408
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Living Area SqFt:1,408 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA 203(k), FHA, FHA 203(b), Other
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Buyer Financing:Conventional
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Possession:Negotiable
Location
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Directions:GPS
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Latitude:40.02100000
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Longitude:-75.07479000
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.01
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Lot Size Source:Estimated
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Lot Size Dimensions:15.00 x 20.00
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Lot Dimensions Source:Estimated
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Lot SqFt:309 Sqft
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Inclusions:All furniture and appliances
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Exclusions:none
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:W30
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 904-3006
- Office phone:
- (215) 643-2500
Taxes
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Tax ID Number:622097500
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Tax Year:2023
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Tax Lot:192
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Tax Annual Amount:$2,802
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Tax Assessed Value:$200,200
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Year Assessed:2023
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School Tax:1537.0
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City/Town Tax:1264.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water, Radiator
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Heating Fuel:Natural Gas
Utilities
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Utilities:Water Available, Natural Gas Available, Electric Available
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Frankford
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
Parking
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Garage:No
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Type of Parking:On Street
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Parking Features:Free
Extra Units
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# of Units:4
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Vacation Rental:No
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Units Furnished:All
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One Bedroom Units:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/16/24
Dec 16, 2024
|
Sold | BRIGHT | $175,000 | |
10/14/24
Oct 14, 2024
|
Pending | BRIGHT | $175,000 | |
9/13/24
Sep 13, 2024
|
Relisted | BRIGHT | $175,000 |