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Map
$235,000
●
Multifamily -
In Contract
1637 WAKELING ST
PHILADELPHIA, PA 19124
Studio
0 Bath
$1,154
Estimated Monthly
About This Property
Step into the welcoming embrace of the Frankford neighborhood,
where a remarkable multi-family property awaits both investors and
residents alike. This vacant gem not only promises an exceptional
investment opportunity but also a comfortable abode in a bustling
community. As you enter you are welcomed by a cozy foyer that is
accented with all the original wood work from when the house was
originally built and has been kept in great shape. Unit one
presents a snug 1 bed 1 bath apartment with a well-appointed
kitchen, catering perfectly to individuals seeking cozy living. The
basement is also accessible through the 1st floor which can be used
for extra storage and even offers a washer and dryer. The 1st floor
is complete with the added perk of a fenced-in yard for outdoor
leisure and gardening enthusiasts. Meanwhile, unit two offers a
generous 2 Bed 1 Bath layout that offers a ton a space and natural
light.
This home can be the perfect opportunity for an investor looking to add to their rental portfolio or for someone who is looking to lower their living expenses by living in one unit and renting the other unit out. This property is in pristine condition and can be occupied right away getting a return on investment instantly.
With an impressive Walk Score of 83, many daily tasks can be easily accomplished without relying on a car. The Transit Score stands at 88, indicating excellent transit options that make getting around convenient for most journeys. Nearby dining options include New China, Lo Chinese Restaurant, Philly Pretzel Factory, and more, ensuring a variety of culinary experiences within reach. Families will appreciate the proximity to schools like School of Faith in God, Mastery Cc Smedley Campus, and Frankford High School. Grocery shopping is convenient with options such as Sugar & Spice, Clarica Mini Market, and F & C Food Market nearby. For commuters, the property is just six minutes away from the MFL Frankford TC to 69th St TC at the Frankford Transportation Center - MFL stop. Outdoor enthusiasts can enjoy nearby parks like White Hall Commons, Frankford Stadium, and Wissinoming Park.
Property qualifies for CRA program for a conventional loan with 3% down payment and no mortgage insurance.
This Property Qualifies for a 10K Grant as it is in the Majority-Minority Census Grant offered by Prosperity Home Mortgage. Can be used for Closing Costs, Buy Rate Down, etc... 100% Forgivable to All Buyers- Not just First Time, reach out for more information.
Nearby, an array of local businesses beckon, from charming cafes to enticing eateries, ensuring convenience at every turn. Commuting is hassle-free, thanks to accessible public transportation options that link you effortlessly to the vibrant attractions of Center City Philadelphia. For healthcare professionals, the proximity to Jefferson Frankford Hospital adds an extra layer of convenience, making it an attractive option for potential renters, such as travel nurses. With endless possibilities for both investment and residency, seize the opportunity to transform this vacant multi-family property into your own haven. Reach out to us today for more details or to arrange a viewing and be part of the excitement in this thriving Philadelphia neighborhood!
This home can be the perfect opportunity for an investor looking to add to their rental portfolio or for someone who is looking to lower their living expenses by living in one unit and renting the other unit out. This property is in pristine condition and can be occupied right away getting a return on investment instantly.
With an impressive Walk Score of 83, many daily tasks can be easily accomplished without relying on a car. The Transit Score stands at 88, indicating excellent transit options that make getting around convenient for most journeys. Nearby dining options include New China, Lo Chinese Restaurant, Philly Pretzel Factory, and more, ensuring a variety of culinary experiences within reach. Families will appreciate the proximity to schools like School of Faith in God, Mastery Cc Smedley Campus, and Frankford High School. Grocery shopping is convenient with options such as Sugar & Spice, Clarica Mini Market, and F & C Food Market nearby. For commuters, the property is just six minutes away from the MFL Frankford TC to 69th St TC at the Frankford Transportation Center - MFL stop. Outdoor enthusiasts can enjoy nearby parks like White Hall Commons, Frankford Stadium, and Wissinoming Park.
Property qualifies for CRA program for a conventional loan with 3% down payment and no mortgage insurance.
This Property Qualifies for a 10K Grant as it is in the Majority-Minority Census Grant offered by Prosperity Home Mortgage. Can be used for Closing Costs, Buy Rate Down, etc... 100% Forgivable to All Buyers- Not just First Time, reach out for more information.
Nearby, an array of local businesses beckon, from charming cafes to enticing eateries, ensuring convenience at every turn. Commuting is hassle-free, thanks to accessible public transportation options that link you effortlessly to the vibrant attractions of Center City Philadelphia. For healthcare professionals, the proximity to Jefferson Frankford Hospital adds an extra layer of convenience, making it an attractive option for potential renters, such as travel nurses. With endless possibilities for both investment and residency, seize the opportunity to transform this vacant multi-family property into your own haven. Reach out to us today for more details or to arrange a viewing and be part of the excitement in this thriving Philadelphia neighborhood!
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$267
HOA Dues
-
Year Built
1897
Listed By
Last updated: 13 days ago (Bright MLS #PAPH2353576)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 17, 2024 | In contract | - | |
In contract | |||
May 13, 2024 | Listed by RE/MAX @ HOME | $235,000 | |
Listed by RE/MAX @ HOME |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Flooring Type: Wood, Ceramic Tile
Living Area Square Feet Source: Estimated
Basement Information
Has Basement
Full, Unfinished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
Foundation Details: Brick/Mortar
Other Structures: Above Grade, Below Grade
Structure Type: Twin/Semi-Detached
Construction Materials: Masonry
Outdoor Living Structures: Porch(es)
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Source: Estimated
Land Information
Land Assessed Value: $228,900
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $1,445
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $228,900
Tax Year: 2022
Tax Annual Amount: $3,204
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Radiant
Cooling Fuel: Natural Gas
Heating Fuel: Natural Gas, Other
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
Stu
-
1,350 ft²
$152/ft²
$205,000
Feb 15, 2024
$205,000
Apr 5, 2024
-
Sold
Townhouse
3
Beds
2
Baths
1,132 ft²
$205/ft²
$232,500
Aug 8, 2023
$232,500
Jan 12, 2024
-
Sold
Townhouse
3
Beds
1
Bath
1,048 ft²
$215/ft²
$225,000
Apr 6, 2023
$225,000
Aug 11, 2023
-
Sold
House
5
Beds
2
Baths
2,010 ft²
$110/ft²
$222,000
Nov 11, 2023
$222,000
Jan 19, 2024
-
Sold
Townhouse
3
Beds
2
Baths
1,073 ft²
$176/ft²
$189,280
Jan 22, 2024
$189,280
Mar 14, 2024
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1637 Wakeling Street
1637 Wakeling Street, Philadelphia, PA 19124
- 1 Unit for Sale
About Northeast Philadelphia
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