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1405 Reed Street Philadelphia, PA $ 499,000
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$ 499,000 Get more info
1405 Reed Street
$ 499,000
Back to search
Share Save

1405 Reed Street

Philadelphia, PA, 19146
$ 499,000
Baths0.0 Sq 2,700

Monthly Estimate*

$ 3,317

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Studio

Commercial Property for sale in Philadelphia, PA

for $499,000. This 2,700 square foot building was built in 1915 on a lot size of 0.03.

Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!

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Commercial Pending

Price

$ 499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,284

Style

Apartment Building

Lot Size

0.03

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2320242
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD
Zoning RSA5
Construction Materials Masonry
Year Built 1915
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Gross Income 48840.00
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status PENDING
Directions Off of broad
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 4
MLS Area 19146 (19146)
Lot Size Square Feet 1440.00
Waterfront Y/N N
Street Name REED
Tax Annual Amount 8284.0
Price Per Sq Ft 184.81
Vacation Rental Y/N N
Days on Market 86
Standard Status Pending
Year Built Source Estimated
Tax Lot 15
Total Actual Rent 53040.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking None
Foundation Details Stone
Water View Y/N N
Building Area Total 2700.00
Lot Dimensions 18.00 x 80.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 118360.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1405
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* Excluded Features
List By
Ocf Realty Llc - Philadelphia

Broker

robertson5017@gmail.com

Email

Affordability Calculator

$4,007
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,317
Monthly Property Taxes
$690
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/21/2024$499,000 -9.27% Price Down
2/8/2024$550,000 Listed Price

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1405 Reed Street, Philadelphia, PA, 19146 is a Commercial Property for sale at $499,000 with 2,700 sqft and a lot size of 0.03. 1405 Reed Street is a studio with 0.0 baths and was built in 1915. The property's zip code is 19146 which is in Philadelphia, PA

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