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2232 Locust Street
Philadelphia, Pennsylvania PA19103-5511

$1,300,000Sold For
CLOSEDStatus
0.030 Acres
PAPH2085980Listing ID
This is a gorgeous, Historically Designated, SIX (6) Apartment property, in a fabulous location, It commands an entire block along 23rd Street (100' of Frontage), between Locust and Latimer Streets. This is a great investment. It was last available in 1983! Do not miss this opportunity to be the new owner. The Rents are currently below market, but all leases have the possibility for termination or change in < a year. NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner / heir and the Property Manager hold PA. REAL ESTATE LICENSE. 3. A Rent Roll is available. Request it via E-mail to the Listing Agent. Verify it is current before making an offer, &/or require it and Leases with your Purchase Offer. 4. Note most Leases expire 7/31/2022, and most have a 90-day Notice period, with automatic one-year Renewal in the absence of Notice 5. There is the possibility to combine this listing with up to 9 additional Investment Properties, all located between 3rd Street and 23rd and between Lombard and Locust Streets.. It is a package that took FIVE decades to acquire. E-mail the Listing Agent for a complete list and details. 6. The Owner will consider a Buyer's 1031 Tax Free Exchange. 7. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. 7. Same day showing of any vacant units and the basements are available through ShowingTime.
StatusCLOSED
Sold Date9/14/2022
CountyPhiladelphia
Year Built1900
Property TypeCommercial Sale
Property Sub TypeFive Or More Units

Primary Features

County Philadelphia
Property Sub Type Five Or More Units
Property Type Commercial Sale
Year Built 1900
Zoning RM1

Interior

Building Total SqFt Source Assessor
Central Air no
Cooling Type None
Heating yes
Heating Type Forced Air

External

Building Units Total 6
Construction Materials Masonry
Cooling Fuel None
Heating Fuel Natural Gas
Hot Water Natural Gas
Lot Dimensions Source Assessor
Lot Size Dimensions 15.00 x 100.00
Lot Size Source Assessor
Lot Size Units Square Feet
Navigable Water no
New Construction no
Sewer Septic Public Sewer
Tidal Water no
Type of Parking On Street
Water Access no
Water Oriented no
Water Source Public
Water View no

Location

Country US
MLS Area 19103 (19103)
Municipality PHILADELPHIA
Waterfront no

Additional

Accessibility Features None
Base Off Market Date 2022-09-16T00:00:00+00:00
Business Type Apartment Building
Days on Market 124
Historic yes
Land Use Code CA0
Potential Tenancy Multiple
Property Manager N
Year Assessed 2022
Year Built Source Estimated

Financial

Acceptable Financing Cash, Conventional
Association Recreation Fee N
Automatically Update Tax Values yes
Buyer Financing Conventional
Ground Rent Exists no
Inclusions All Seller Owned Appliances, "As Is" and "Where Is"
Lease Considered no
Net SqFt 4000
Ownership Interest Fee Simple
Possession Settlement, Subject to Existing Lease
Riparian Rights no
Sale Type Standard
Tax Annual Amount 16030
Tax Assessed Value 1145200
Tax Lot 1067
Tax Year 2022
Vacation Rental no

Zoning Info

Great Schools


Climate

Home Valuation

Listing courtesy of Elizabeth Campion 2158802930

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Elizabeth Campion. Data last updated on Thursday, April 18th, 2024 06:14:01 PM.

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