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Size
5,149 Sq Ft.
interior
0.26 Acres
Exterior
Financial
$799,000
Sold 11-20-18
$155
Price Per Sqft
$5,448
Annual taxes
Listing Details
Multi Family
Property type
1919
Year Built
799271
Web Id
2757963-1000233768
MLS ID
2413
Days Posted
Description
101 W Tulpehocken Street,
Philadelphia,
PA
19144
Philadelphia, PA 19144
Opportunity Knocks!! This circa 1845, massive stone mansion with over 5100 Square feet was originally built for a prominent Philadelphian, and than meticulously converted into Nine apartments and two garages. The grounds boast sumptuous plantings, and the property sits on a huge 11,300 square foot lot. There are multiple porches, decks and outside areas. All apartments are rented, and there is an almost $82,000.00 gross yearly income. Currently, the owners pay all utilities, but this allows for a massive upside for a new owner. Heat is fed via a newer gas heater, and there is also an oil heater, whichever is less expensive to run. Currently, the expense are $20,584.00 per year, so this handsome abode provides a true 8 cap. Germantown is one of the oldest settlements with a relaxed, backyard feel that complements it's many historic attractions. In town is the Clarkson-Watson House, Trinity Lutheran Church (where America's first bible was printed) and Grumblethorp (the home of the Wister family, one of Germantown's first families, and a central site in the Battle of Germantown in the Revolutionary War)--all noted as historic on the National Register of Historic Buildings. Public transportation is extremely well-served in this area. LaSalle University and a multitude of shops are within a mile. Twenty minutes from Center City, where you are lucky to get a 5 cap, with a little bit of sweat equity and creativity, this building could easily net you a 12 percent recapture rate. Do not hesitate, inventory is LOW!!
Price History
date | price | variance | type | global |
---|---|---|---|---|
11/19/2018 | $799,000 | - | Sold | view listing |
Listing By: BHHS Fox & Roach-Center City Walnut via Data Source: Bright MLS
listing agent: Michael McCann