Philadelphia, PA 19146,1516 S PATTON ST
Philadelphia, PA 19146,1516 S PATTON ST
Philadelphia, PA 19146,1516 S PATTON ST
Philadelphia, PA 19146,1516 S PATTON ST
Philadelphia, PA 19146,1516 S PATTON ST
Philadelphia, PA 19146,1516 S PATTON ST
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$127,500

$130,000

1.9%
Est.Price: ?

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Est. payment /mo

992 SqFt


SOLD DATE : 09/09/2024

Key Details

Sold Price $127,500

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 992 sqft

Price per Sqft $128

Subdivision Grays Ferry

MLS Listing ID PAPH2376604

Sold Date 09/09/24

Style Straight Thru

Abv Grd Liv Area 992

Originating Board BRIGHT

Year Built 1923

Annual Tax Amount $1,462

Tax Year 2022

Lot Size 767 Sqft

Acres 0.02

Lot Dimensions 15.00 x 51.00

Property Description

Presenting an exceptional investment opportunity to acquire an affordably priced property located in the rapidly growing Grays Ferry neighborhood. This property, currently zoned RSA-5, and is configured as a duplex, featuring two individual units, with unit 1 a one-bedroom, one-bathroom apartment and Unit 2 a two-bedroom, one-bathroom apartment. Unit 1 has previously generated a rental income of $750 per month, and with updates and enhancements could get as much as $900/month, Unit 2 is rented for $850/month with tenant paying utilities and has the potential to command a rental rate of up to $1100 per month with some upgrades. It is important to note that the property is in need of some renovation and is being offered for sale in its current "as-is" condition. Investors and developers alike will recognize the significant potential this property holds, both for rental income and long-term appreciation, given the ongoing revitalization of the Grays Ferry area. Seize this opportunity to invest in a promising neighborhood poised for continued growth and transformation. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Radiant

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 364455200

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Daniel Evenchen • KW Empower
Bought with Daniel Baer • Compass RE
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