Skip To Content

    949 E Godfrey Avenue

    PHILADELPHIA, PA 19124
    • $599,900
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: PAPH2018842
    Price Reduced
    UPDATED: 41 min ago
    $599,900
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    **Call Showing Time Appt Center to Show. 48 hours notice required** Have you ever wanted to own your own apartment building? This well maintained 6 unit building is an excellent investment. You won+GGt find too many like this on the market. Five 1BR Bedroom units and 1 Efficiency unit. Two of the 6 units have private exterior entrances. All are separately metered for electric and gas. Tons of street parking and beautiful open fields directly across the street. Currently brings in $52,200 annually (property is managed by owner) with $9550 in expenses. Currently a 7.12% Cap rate at $599,900. With market rents, this building can operate at a 8.14% Cap! All tenants are paying. No past due rent as of 9/2021.Updates: several of the heaters and hot water heaters are new and each Kitchen was renovated approx. 5 years ago. All refrigerators and stoves included (as-is condition). The fire alarm system was updated approx 4 years ago.This property is in walking distance of several schools, parks and recreation centers, and supermarkets. A variety of public transportation options (including Market Frankford Line to Center City) and I-95, Route 1 and the bridges to NJ are all in close proximity. Contact Showing Time to schedule appointments. 48 hours notice.

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-27T19:50:36.627.
    www.draytonyounggroup.com/homes/120216931
    Print Image

    949 E Godfrey Avenue PHILADELPHIA, PA 19124

    • Price: $599,900
    • Status: Active
    • Updated: 41 min ago
    • ID#: PAPH2018842
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1955
    Built
    Neighborhood:
    Oxford Circle
    County:
    Philadelphia
    Area:
    19124 (19124)
    School District:
    The School District Of Philadelphia
    Property Description
    **Call Showing Time Appt Center to Show. 48 hours notice required** Have you ever wanted to own your own apartment building? This well maintained 6 unit building is an excellent investment. You won+GGt find too many like this on the market. Five 1BR Bedroom units and 1 Efficiency unit. Two of the 6 units have private exterior entrances. All are separately metered for electric and gas. Tons of street parking and beautiful open fields directly across the street. Currently brings in $52,200 annually (property is managed by owner) with $9550 in expenses. Currently a 7.12% Cap rate at $599,900. With market rents, this building can operate at a 8.14% Cap! All tenants are paying. No past due rent as of 9/2021.Updates: several of the heaters and hot water heaters are new and each Kitchen was renovated approx. 5 years ago. All refrigerators and stoves included (as-is condition). The fire alarm system was updated approx 4 years ago.This property is in walking distance of several schools, parks and recreation centers, and supermarkets. A variety of public transportation options (including Market Frankford Line to Center City) and I-95, Route 1 and the bridges to NJ are all in close proximity. Contact Showing Time to schedule appointments. 48 hours notice.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3365.00 Cooling None Flooring Wood Heating Forced AirBaseboard - Electric Heating YN Yes Inclusions All StovesRefrigerators And Coin-Op Washer/Dryer in As is Condition. Net Square Feet 3736.00

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street Unknown Electric Circuit Breakers Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 800933588418 Ownership Interest Fee Simple Possession 0-30 Days Cd61-90 Days Cd31-60 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3411.00 Tax Assessment Amount 243700.00 Tax Lot 180 Total Actual Rent 52200.00 Vacation Rental YN No Water Source Public Zoning 6 UNITS Zoning Description Zoning Docs Are in The Documents Section Of The Mls. Legally Zoned 6 Unit Bldg

    Listing courtesy of Bhhs Fox & Roach-Art Museum.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-27T19:50:36.627.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800933588418-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800933588418-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800933588418-2.jpg
    Logo
    Drayton Young
    123 Chester Ave, suite B
    Moorestown NJ, 08057