2,000 SqFt
2,000 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $300
Subdivision Mt Airy
MLS Listing ID PAPH2661604
Style AirLite
Abv Grd Liv Area 2,000
Year Built 1952
Annual Tax Amount $4,942
Tax Year 2026
Lot Size 1,669 Sqft
Acres 0.04
Lot Dimensions 18.95 x 88.09
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The property has been well maintained, with recent kitchen and bathroom upgrades providing modern finishes while retaining the character of the building. Units offer bright living spaces, hardwood flooring and updated kitchens and baths. The attractive stone and brick exterior further distinguishes the property. Utilities are separately metered and paid by the tenants, with the landlord responsible for water, helping to keep owner operating expenses low.
Offered at $600,000, the property generates approximately $41,670 in NOI, representing a 6.95% capitalization rate based upon current operations. With established tenancy, recent interior improvements and approximately a 7% in-place cap rate, 2 E McPherson Street presents an attractive opportunity to acquire a stabilized, income-producing multifamily property with immediate cash flow.
Location
State PA
County Philadelphia
Area 19119 (19119)
Zoning RSA5
Rooms
Basement Connecting Stairway
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Block
Above Ground Finished SqFt 2000
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Abram Jenks
Middle Schools Ada Lewis
High Schools Martin Luther King
School District The School District Of Philadelphia
Others
Tax ID 091045400
Ownership Fee Simple
SqFt Source 2000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=KtfN4bCM8Qh
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