1904 N 2nd Street, Philadelphia, PA 19122 - Photo 1

1/1

$435,000

Sold
Closed
Retail

1/1

Property Description

The perfect investment for potential owner occupant, business owner and/or investor seeking cash flow. This building was remodeled in 2019 where washer/dryer were added, every bathroom, kitchen and flooring were updated. The benefit of a building in this LOCATION and CONDITION is that the tenants stay long term and if vacant, relatively easy to lease. The property currently grosses $4,175/month ($50,100/year) with low expenses. Taxes are absolutely low at $2,207/year. Drive by and see for yourself that Olde Kensington is booming with tons of new and exciting developments that will bring so much upside value in the years to come. Live in 1 unit for free and rent out the others to pay 100% of mortgage. Buyer is responsible for verifying lot size, egress/ingress, taxes, zoning, and permitted/non-permitted use.

Full Property Details

Full Property Details for 1904 N 2nd St

General

Sold For: $435,000
Taxes: $2,207 (2023)
Status: Closed
Type: Retail
Source: BrightMLSPhilly
MLS ID: PAPH2208836
Added to Site: 1, 069 day(s) ago

Business

Business Type: Apartment Building, Hair Salon and Spa, Other/Genera

Interior

Flooring: Laminated, Tile/Brick, Vinyl

Parking

Parking Type: On Street

Location

Area: 19122 (19122)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Olde Kensington
Subdivision: Olde Kensington
Driving Directions: Driving From Lehigh Ave (North) , Turn onto N 2nd St and drive to the 1900 block of N 2nd St just before reaching Berks St intersection. The property will be on your right hand side, a beautiful white building.
Location Details: Urban

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Baseboard - Electric
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Roof: Rubber
Entry Floor Number: 1
Stories/Levels: 3
Year Built: 1920
Year Built Source: Assessor
Property Condition: Very Good

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Unit 1

Unit Description: Unit 1
Bedrooms: 1

Unit 2

Unit Description: Unit 2
Bedrooms: 1

Unit 3

Unit Description: Unit 3
Bedrooms: 1

Unit 4

Unit Description: Unit 4
Bedrooms: 1

Lot Features

Property View: City
Lot Size (Acres): 0.03
Lot Size (Sq. Ft.): 1,274
Lot Size Source: Assessor
Lot Dimensions: 16.00 x 72.00
Zoning: CMX25

Financial Considerations

Assessment Year: 2023
School Tax: $1,211
City/TownTax: $996
City/TownTax Freq: Annually
Tax w/Assessment: $157,700
Tax Amount: $2,207
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Exclusions: tenants personal belongings and ring door bell camera
Inclusions: Air conditioner window units for 3 apartments. All appliances also included.
Investment: Yes
Lot Number: 193

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Meet the selling agent

— 1904 N 2nd St —

Todd Miller

Email Me

(215) 479-6490 mobile

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NMLS#: 1598647

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Schools

Schools serving 1904 N 2nd St

School District:Philadelphia City School District

Name	Grades	Distance
Moffet John School 127 West Oxford Street, Philadelphia, PA 19122	K-5	0.3 mi
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1904 N 2nd St

Date

Details

Price

Change

Source

7/28/2023

Sold

$435,000

-6.45%

MLS

4/30/2023

Price Reduced

$465,000

-4.12%

MLS

3/02/2023

Listed

$485,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1904 N 2nd Street, Philadelphia, PA 19122 (MLS# PAPH2208836) is a Retail property that was sold at $435,000 on July 28, 2023. This property was sold by Todd Miller from our Old City Office.Want to learn more about 1904 N 2nd Street? Do you have questions about finding other Retail real estate for sale in West Kensington? You can browse all West Kensington real estate or contact a Coldwell Banker agent to request more information.

1904 N 2nd St Philadelphia, PA 19122