1716 Bridge Street

Philadelphia, PA 19124

$175,000
Price
Beds
1,408 Sq. Ft.
$124 / Sq. Ft.
1,408
Sq. Ft.
$124
per Sq. Ft.

Description

Back on the market! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently,...Back on the market! The buyer could not obtain financing so you have another chance at starting your real estate investment career with a CASH COW multi-unit investment property in the Frankford section of Philadelphia. 12% cap rate! Being sold 25k below the assessed value! Zoned as a duplex. Current owner made significant improvements including new kitchens, upgraded bathrooms, new flooring and much more. Potential gross monthly income is approximately $3500 by renting rooms individually. Currently, there are two rooms for rent on the first floor and three rooms for rent on the second floor. It can also be converted back to a duplex if the new owner so desires. Or the new owner could live on the first floor and rent out the three rooms on the second floor. New construction starting in the area only a few blocks away. If you want to quit your J. O. B., this property will yield a high rate of return. The seller is a licensed realtor and is highly motivated to sell.
  1. Listed by Leslie A Margolies • Long & Foster Real Estate, Inc.
    P: 2159043006 lesliethelawyer@gmail.com

Property Details for 1716 Bridge Street

Tax ID Number
622097500
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
AirLite
Waterfront
No
Garage
No
Subdivision
FRANKFORD
Subdivision
FRANKFORD (PHILADELPHIA PA)
LISTING UPDATED: 09/18/2024 12:33 AM

Property Details for 1716 Bridge Street

StatusActive
MLS #PAPH2383150
Days on Market20
Taxes$2,802 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.01 AC / 309 SF
CountyPhiladelphia County

Building Information for 1716 Bridge Street

Stories-Residences2Year Built1920Building Size-Lot Size0.01 AC / 309 SF

Property Information for 1716 Bridge Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19124 (19124)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $200,200
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $160,160
  • City Town Tax: $1,264
  • Land Assessed Value: $40,040
  • Clean Green Assessed: No
  • Land Use Code: W30
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RM1
  • Tax Lot: 192
  • School Tax: $1,537
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Furnished: All
  • Number Of Units Vacant: 1
  • Number Of Units Month To Month: 4
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,408.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 15.00 x 20.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 1344544
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Free
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Water Available, Natural Gas Available, Electric Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water, Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 1716 Bridge Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1716 Bridge Street

Taxable ValueLand$40,040Additions$160,160Total$200,200
Tax Record2023$2,802 ($234 / month)
Home Facts
Total Finished SqFt1,408 SqFtAbove Grade Finished SqFt1,408 SqFtStories2Lot Size1,238 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningRM1CountyPHILADELPHIAAPN62-2-0975-00

Schools near 1716 Bridge Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 6 to 8
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
Conwell Russell Middle School
Public5 to 8

Harding Warren G Middle School
Public6 to 8

Frankford High School
Public9 to 12

Meehan Austin Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1716 Bridge Street is a multi-family home for sale in Philadelphia, PA 19124. This property was listed for sale on August 5, 2024 by Long & Foster Real Estate, Inc., it's currently listed at $175,000. It has been on the market for a total of 20 days and was last sold on October 1, 2021. This listing's school district is Philadelphia City School District. Nearby schools include Conwell Russell Middle School, Harding Warren G Middle School and Frankford High School. 1716 Bridge Street is a 0-bed, 0-bath, 1,408 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.