Check Availability
$205,000
Multifamily - In Contract

1514 ARROTT ST

PHILADELPHIA, PA 19124
bedrooms
Studio
bathrooms
0 Bath
$1,007
Estimated Monthly
$0
HOA / Fees

About This Property

Fantastic opportunity to purchase a solid triplex in Frankford just one block from the Arrott stop of the Market Frankford El.  2 of 3 units are recently rented with the last remaining unit ready to rent or to be occupied by the new owner.  The 1st floor is rented for $1,100/month and consists of a large 2 bed, 1 bath unit with plenty of windows and closet space plus access to the extra-large rear yard.  The 2nd floor is vacant and contains a large studio with separate kitchen, bath, bright front windows and brand new LVT flooring.  The 3rd floor is rented for $900/month and contains a 1 bed, 1 bath unit with an oversized bedroom, LR/kitchen combo and tons of natural light.  Really a great property to add to your investment portfolio or live in one and rent out the others to supplement your mortgage.  Great FHA opportunity at 3.5 % down or for owner occupant who can now purchase at 5% down conventional thanks to recent Fannie Mae rule changes.  This is a great cash flowing property with a cap rate over 11%.  Literally 100 yards to the El/subway and you can be anywhere in the city in less than 30 minutes.  You'll never have a vacancy when your tenants can get to the train and their job in literally 30 seconds.  Will not last, schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$251
HOA Dues
-
Year Built
1935
Listed By
Bryan Capone
Bryan Capone
Keller Williams Philly
Last updated: 3 months ago (Bright MLS #PAPH2319324)

Price History

Date / Event Date Event Price
Mar 1, 2024 In contract -
In contract
Feb 9, 2024 Listed by KW Empower $205,000
Listed by KW Empower
Feb 7, 2022 Sold to Suzanne Lewis, William Lewis $175,200
Sold to Suzanne Lewis, William Lewis
Nov 19, 2014 Sold to Aisha Gaddy $100,000
Sold to Aisha Gaddy

Property Highlights

Air Conditioning
Parking Details
Parking Features: On Street
Interior Details

Interior Information

Living Area Square Feet Source: Estimated

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
2,256 ft²
$93/ft²
$210,000 Oct 26, 2023
$210,000 Dec 7, 2023
-
Townhouse
3 Beds
2 Baths
1,224 ft²
$163/ft²
$200,000 May 9, 2021
$200,000 Jul 15, 2021
-
Townhouse
3 Beds
2 Baths
1,458 ft²
$144/ft²
$210,000 Mar 4, 2023
$210,000 Oct 27, 2023
-
Townhouse
6 Beds
3 Baths
2,210 ft²
$81/ft²
$180,000 Jul 13, 2023
$180,000 Nov 27, 2023
-
House
4 Beds
1 Bath
1,513 ft²
$132/ft²
$199,000 Apr 26, 2023
$199,000 Jun 21, 2023
-
House
5 Beds
2 Baths
2,286 ft²
$94/ft²
$215,000 Aug 5, 2021
$215,000 Sep 30, 2021
-
Multifamily
Stu
-
1,350 ft²
$152/ft²
$205,000 Feb 15, 2024
-
-
Multifamily
Stu
-
-
$200,000 Oct 16, 2023
-
-
Multifamily
Stu
-
-
$220,000 Feb 5, 2024
-
-
Townhouse
Stu
-
-
$215,000 Nov 20, 2023
-
-
Townhouse
Stu
-
-
$215,000 Jan 16, 2023
-
-
Townhouse
Stu
-
-
$240,000 Nov 13, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20211104
11/04/2021
Studio
-
1904 ft²
$189,783
bedrooms
Studio
bathrooms
-
square feet
1904 ft²
-
-
-
Isiah Laws
HomeSmart Realty Advisors

Building Info

1514 Arrott Street 1514 Arrott Street, Philadelphia, PA 19124
  • 1 Unit for Sale
More about this Building
1514 Arrott Street
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About Northeast Philadelphia


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