949 E GODFREY AVE $599,900



    • 3,365 sq. ft.
    • 0.50 Acres
    • Commercial
    • MLS# PAPH2018842
    Favorite Share
    Views: 1787 Days On Site: 74

    Go Tour This Listing

    Property Details

    Description Tours

    **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't 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 $52,980 annually (property is managed by owner) with $9550 in expenses. Currently a 7.24% Cap rate at $599,900. With market rents, this building can operate at a 8.15% 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.

    • General Features
      • County PHILADELPHIA
      • HOA Y/N N
      • Municipality PHILADELPHIA
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 3411.00
      • Tax Year 2021
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1955
      • Zoning 6 UNITS
      • Zoning Dscrp Zoning docs are in the DOCUMENTS section of the MLS. Legally Zoned 6 Unit Bldg
    • Building Features
      • Building Total SqFt 3365.00
      • Building Units Total 0
      • Business Type Apartment Building
      • Cooling Fuel None
      • Cooling Type None
      • Electric Service Circuit Breakers
      • Flooring Type Wood
      • Foundation Details Brick/Mortar
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Forced Air
      • Roof Flat
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 0
    • Property Features
      • Lot Size Acres 0.5
      • Lot Size Dimensions 30.41 x 100.00
    • Schools


    Team Giombetti

    Team Giombetti

    Team Website

    BHHS Fox & Roach Wayne-Devon Sales Office

    • Home Buyers Warranty
    • HSA Home Warranty


    Market Last 30 Days In This Postal Code

    $160,000 Median Sales Price
    53 Homes Sold
    72 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $599,900
        10/7/2021 8:41:08 AM Status Changed Source: Multiple Listing Service New Value: PENDING
        9/26/2021 10:26:21 AM Price Reduced Source: Multiple Listing Service New Value: $599,900 -0.02%
        9/7/2021 10:35:44 AM Price Reduced Source: Multiple Listing Service New Value: $599,999 -6.1%
        8/24/2021 7:11:38 PM Price Reduced Source: Multiple Listing Service New Value: $639,000 -0.14%
        8/9/2021 12:11:09 AM Status Changed Source: Multiple Listing Service New Value: ACTIVE
        8/8/2021 2:42:00 PM New in Database Source: Multiple Listing Service New Value: $639,900

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2021 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.