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1516 Reed Street, Philadelphia, PA 19146
$241,000
1516 Reed Street, Philadelphia, PA 19146View this property at 1516 Reed Street, Philadelphia, PA 19146
1516 Reed StreetPhiladelphiaPA19146
Property Description
Great investment opportunity in the heart of Newbold!! Well-maintained corner duplex with commercial store front. First floor includes: attached garage (not legalized, though curb is cut), efficiency unit with full bathroom and large eat-in kitchen, and a commercial storefront (barber shop) with powder room. Second floor is 2-bed unit with spacious eat-in kitchen with access to deck above garage, large living room with closet, full bathroom, and 2 decent-sized bedrooms. Large basement with separate storage room and separate utilities. 1 electric meter for each unit, plus a separate house meter for common areas. 2 gas heaters for residential units; 1 electric heater for store. Fire alarm system. Could easily rent for more than long-term tenants are paying. Building can be vacant prior to settlement, tenants are currently month-to-month. Solid structure; needs updating. 1.5 blocks from the Broad street line, Ellsworth/Federal and Tasker/Morris stops. On a SEPTA bus route street. Prime location,rare opportunity! Come see this before it's too late!! NOTE: According to L&I communication on 10/28/16: The property is currently legally zoned as a duplex in RSA-5 zone, with a variance for a single unit barber shop on the first floor and a single-family dwelling on the second floor (see permit attached with seller's property disclosure, #7787, Cal. No. 8491). The garage was never legalized, therefore a variance would need to be applied for and granted in order to operate it as a garage, as well as to legally change this to a 3 family dwelling. The price has just been reduced to reflect these discoveries.
Full Property Details
Full Property Details for 1516 Reed St
General
- Sold For: $241,000
- Taxes: $1,260 (2016)
- Status: Closed
- Type: Duplex
- MLS ID: 1003634403
- Added to Site: 2, 739 day(s) ago
Business
- Includes: Land Only
Rooms
Bedrooms
- Primary Bedroom: Unspecified
Other Rooms
- Laundry: None
Parking
- Parking Features: Street
Location
- Area: 19146 (19146)
- County: Philadelphia
- Development Name: Point Breeze
- Subdivision: Point Breeze
- Cross Streets: Hicks St
- Direction Faces: Northeast
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: Wall Unit
- Heating Type: Gas, Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Structure Type: Townhouse/Rowhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Sq. Ft. Source: Assessor
- Year Built: 1925
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2
Unit 1
- Unit Description: Unit 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,116
- Lot Dimensions: 18 x 62
- Zoning: RSA5
Financial Considerations
- Tax w/Assessment: $90,000
- Tax Amount: $1,260
- Tax Year: 2016
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Ac Window Units
- Lot Number: 152
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Schools
Schools serving 1516 Reed St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
1599 Wharton St, Philadelphia, PA 19146 | K-8 | 0.1 mi | |
2101 S Broad St, Philadelphia, PA 19148 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
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Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 Reed St
Date
Details
Price
Change
Source
12/15/2016
Sold
$241,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1516 Reed Street, Philadelphia, PA 19146 (MLS# 1003634403) is a Duplex property that was sold at $241,000 on December 15, 2016. Want to learn more about 1516 Reed Street? Do you have questions about finding other Duplex real estate for sale in Point Breeze? You can browse all Point Breeze real estate or contact a Coldwell Banker agent to request more information.