4127 CRESSON ST. Philadelphia, PA 19127

Transcription

1 MULTI-FAMILY MANAYUNK PROPERTY FOR SALE 4127 CRESSON ST. Philadelphia, PA WALNUT ST, PHILADELPHIA, PA MPN MPN n

2 MULTI-FAMILY MANAYUNK PROPERTY FOR SALE MPN PANCHELLI REALTY 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN Realty, Inc., is proud to present the exclusive sale of 4127 Cresson Street located in the heart of Manayunk. The property features a total of 3 renovated units comprising of (1) 2 Bedroom 1 Bath unit and (2) Bi- Level 2 Bedroom, 1.5 bath units, just a block from Main Street. The property is 100% occupied and the demand to live in this area is high for young professionals, graduate students, and lovers of the Manayunk social scenes. There are plenty of restaurants within walking distance as well as a vast aray of retail and life style stores. The Seller of this property bought and renovated the building in 1999, the seller has not kept the rents up to market standards. Comparable rents are shown in this package. PROPERTY OVERVIEW Price $495,000 Year Built 1900 Year Renovated 1999 Number of Floors Number of Units Unit Mix 3 stories Triplex (1) 2 bedroom, 1. bath, (2) 2 bedrooms, 1.5 baths. Lot Size 22 X 70 Lot Area Total Rentable Area of Building 1540 SF 2702 SF Real Estate Tax Assessment 2018 $318,900 Real Estate Tax 2018 $4, Site Shape Rectangle Frontage 22 Zoning Foundation Exterior Roofing Plumbing Electric Gas Hot Water RSA5 Masonry Concrete Blk Stucco Flat Roofing Copper Circut Breakers, Separately metered, Paid by Tenants Separately Metered, Paid by Tenants 3 Separate electric hot water hearters CHRISTINE VIRATA cvirata@mpnrealty.com STEVEN CLOFINE sclofine@mpnrealty.com

3 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN PANCHELLI REALTY PROPERTY OVERVIEW Heating Air Conditioning Kitchens Bathrooms Flooring Fire Protection Laundry Gas - Forced Warm Air, Heat Central Air Eat-In Kitchen, Disposal,, Dishwasher, Range, Refrigerator Vanities; tile surrounds tub Hardwood Floors/Carpet/Tile Smoke Detectors Washer/ Dryer in all units CHRISTINE VIRATA cvirata@mpnrealty.com STEVEN CLOFINE sclofine@mpnrealty.com

4 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN PANCHELLI REALTY Operating Statement INCOME Scheduled Gross Income $37,800 3% (1,134) Effective Gross Income $36,666 EXPENSE Real Estate Tax 2018 $4,457 Insurance 2,210 Utilities - Water & Sewer 350 Maintenance 1500 Trash 300 Legal/Licenses/Permits 165 Snow Removal % 1890 Total Expenses ($11,222) Net Operating Income $25,444 CHRISTINE VIRATA cvirata@mpnrealty.com STEVEN CLOFINE sclofine@mpnrealty.com

5 4127 CRESSON ST. Manayunk, Philadelphia, PA Rent Roll MPN PANCHELLI REALTY UNIT UNIT TYPE MONTHLY RENT 1 1st Floor - 2 bed, 1 bath $1, nd Floor/ 3rd Floor - 2 bedroom bi-level, 1.5 bath 2nd Floor/ 3rd Floor - 2 bedroom bi-level, 1.5 bath $1,000 $1,000 TOTAL $3,150 Annual: $37,800 RESPONSIBILITY FOR UTILITIES Electric Heating/Air Conditioning Water and Sewer Domestic Hot Water Cooking Gas TENANT TENANT LANDLORD TENANT TENANT RESIDENTIAL LEASE ABSTRACT 1st Floor Month to Month 30 Day Notice Unit 2F Month to Month 30 Day Notice Unit 2R Lease End Date: 5/31/ Day Notice WW CHRISTINE VIRATA cvirata@mpnrealty.com STEVEN CLOFINE sclofine@mpnrealty.com

6 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN PANCHELLI REALTY CoMPARABLES RESIDENTAL RENTALS UNIT TYPE PRICE Baker St. Apt. 1 2 Bed 2 Bath $1, Grape St. Unit 1 2 Bed, 1 Bath $ Grape St. 2 Bed, 1 Bath $ Manayunk Ave, Apt A 2 Bed 2.5 Bath $1, Shurs Lane Apt 201B 2 Bed, 1/1 Bath $1, Main St. Apt 3 2 Bed 1 Bath $1, SITE: 4127 CRESSON ST. 6 CHRISTINE VIRATA cvirata@mpnrealty.com STEVEN CLOFINE sclofine@mpnrealty.com

7 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN M Property Photos CHRISTINE VIRATA n cvirata@mpnrealty.com STEVEN CLOFINE n sclofine@mpnrealty.com MALL

8 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN M Property Photos CHRISTINE VIRATA n cvirata@mpnrealty.com STEVEN CLOFINE n sclofine@mpnrealty.com MALL

9 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN M Property Photos CHRISTINE VIRATA n cvirata@mpnrealty.com STEVEN CLOFINE n sclofine@mpnrealty.com MALL

10 4127 CRESSON ST. Manayunk, Philadelphia, PA MPN M About Manayunk... and Its Visitors Manayunk s historic district is nestled in Northwest Philadelphia on a hillside between the Schuylkill River and a 100-year-old thriving residential neighborhood, which is key to the Manayunk business district s success. More than 650,000 people live in a 5-mile radius and over 1.5 million people reside in the Greater Philadelphia area from which Manayunk businesses attract its visitors, including the Philadelphia Main Line and its affluent clientele. With easy access to I-76 at both ends, a Septa regional rail stop located just behind Main Street, bus stops throughout the commercial district, and the Schuylkill River heritage trail along the canal, Manayunk is easily accessible by car, train, bus, or bike. The broad appeal of Manayunk is its accessibility. Just 15 minutes from the region s primary destinations, Manayunk offers an ultimate urban experience, with small town charm. Many businesses are owner-operated, and the retailers share a sense of community in this unified district by meeting regularly to develop promotions that strengthen every business, such as the annual Manayunk Arts Festival to First Fridays. These events draw more than half a million visitors to the district each year in addition to normal visitor traffic. These dynamic events offer local businesses an exciting opportunity to increase their customer base. TO FIND OUT MORE ABOUT MANAYUNK, CLICK HERE FOR THE MANAYUNK DEVELOPENT CORP WEBSITE: WWWW.MANAYUNK.COM CHRISTINE VIRATA n cvirata@mpnrealty.com STEVEN CLOFINE n sclofine@mpnrealty.com MALL