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
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
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.
© 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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