Address
6214 Morton Street Philadelphia, PA
Price
$ 1,349,999
Property Attributes
  • MLS#PAPH2033256
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19144
  • NeighborhoodGermantown
  • Zip19144
  • StyleFederal
  • Year Built1927
  • Taxes$ 2448
  • Price$ 1,349,999
  • Bedrooms19
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS - 382 - MD
Property Description

This massive 8500 SF nine (9) unit apartment building is fully leased on a master lease in the historic Germantown section of Philadelphia, Pennsylvania. Units have been recently renovated by Ownership and are turnkey, low maintenance, with low expenses. 7.03% in place cap rate. Huge rental upside for new Ownership as rental rates have not been increased in 5 years. Careful combination of 1, 2 and 3-bedroom apartments with lush rear yard and 5-car garage for additional rental income. Dramatic corner lot with commanding area presence. Emerging area surrounded by dozens of new developments in the blossoming Northwest Philadelphia district - located right off the historic cobblestones of Germantown Avenue with access to amenities, shops, parks and more. Approximately 5 years remaining on tax abatement.

Price History
9/29/2021 Listed $1,349,999

General Features

Accessibility None
Architectural Style Federal
Construction Materials Masonry
Cool Fuel Natural Gas
Cooling None
County PHILADELPHIA
Days on Market 35
Garage Spaces 5.00
Garage Y/N Yes
Heating Central
Location Type Urban
Lot Size Square Feet 9564.00
MLS Area 19144 (19144)
Municipality PHILADELPHIA
New Construction No
One Bedroom Units Count 3
Other Structures Above Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 150.0
Property SubType Other
Property Type Multi-Family
Roof Shingle
School District 300200397108
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Sewer Public Sewer
Structure Type End of Row/Townhouse
Subdivision Name GERMANTOWN
Tax Annual Amount 2448.0
Tax Lot 68
Tax Year 2021
Total Units 4
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA3

Interior Features

Central Air Y/N No
Heating Fuel Oil
Heating Y/N Yes
Hot Water Natural Gas
Living Area 9000
Three Bedroom Units Count 4

Exterior Features

# Of Detached Garage Spaces 5
Foundation Details Concrete Perimeter
Garage Features Covered Parking, Garage - Rear Entry
Lot Dimensions 63.76 x 150.00
Lot Size Acres 0.22
Lot Size Source Estimated
Navigable Water Y/N No
Total Parking Spaces 5
Type of Parking Detached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19144

Price
AVG $860K
$1.35M
Taxes
AVG $1,985
$2,448
Visits
AVG 57
48
Year Built
AVG 1926
1927

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