2337-41 South Alder Street

Philadelphia, PA 19148

$685,000
Price
3
Beds
3
Baths
4,800 Sq. Ft.
$143 / Sq. Ft.
4,800
Sq. Ft.
$143
per Sq. Ft.

Description

Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage...Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income. Beyond its investment potential, consider transforming this property into your dream mansion with parking! Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA. Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
  1. Listed by Eric J Gerchberg • OCF Realty LLC - Philadelphia
    P: (914)-393-3335 eric@ocfrealty.com
  2. Listed by Melanie Gerchberg • OCF Realty LLC - Philadelphia
    P: (215)-805-1069 melanie@ocfrealty.com

Property Details for 2337-41 South Alder Street

Tax ID Number
394119900
Ownership
Fee Simple
Structure Type
Detached
Style
Other, Converted Dwelling
Waterfront
No
Garage
No
Cross Street
RITNER
Municipality
PHILADELPHIA
LISTING UPDATED: 08/25/2024 06:49 AM

Property Details for 2337-41 South Alder Street

StatusActive
MLS #PAPH2241848
Days on Market533
Taxes$12,333 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.06 AC / 2,400 SF
CountyPhiladelphia County

Building Information for 2337-41 South Alder Street

Stories-Residences4Year Built1925Building Size-Lot Size0.06 AC / 2,400 SF

Property Information for 2337-41 South Alder Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: 3rd Party
  • High School: SOUTH PHILADELPHIA (PHILADELPHIA PA)
  • HighSchoolSource: 3rd Party
  • County: PHILADELPHIA
  • MLS Area: 19148 (19148)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $881,100
  • Year Assessed: 2024
  • Improvement Assessed Value: $704,880
  • City Town Tax: $5,426
  • Land Assessed Value: $176,220
  • Zoning: RSA5
  • School Tax: $6,906
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 800
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Features: Window/Wall A/C units
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 800
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Window/Wall A/C units
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 800
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Central Air
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Finished SQFT: 2400
  • Beds Total: 0
  • Half Baths Count: 1
  • Full Baths Count: 0
  • Unit Type Baths Total: 1
  • Unit Type Features: Garage, storage space, half bath, & office
Financial Information
Expenses
  • Operating Expense: $4,200
Financial Information
  • Net Operating Income: $45,927
  • Annual Rental Income: $61,260
  • Cap Rate: 6.70
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Location Type: Urban
  • Parcel ID: 1149046
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
  • Heating: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Radiator
  • Heating Fuel: Natural Gas, Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 2337-41 South Alder Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2337-41 South Alder Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 5 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Key Francis Scott School
PublicK to 6

Gamp
Public5 to 12

South Philadelphia High School
Public9 to 12

Creative And Performing Arts
Public9 to 12

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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2337-41 South Alder Street is a multi-family home for sale in Philadelphia, PA 19148. This property was listed for sale on May 31, 2023 by OCF Realty LLC - Philadelphia, it's currently listed at $685,000. It has been on the market for a total of 533 days and was last sold on December 15, 2017. This listing's school district is The School District of Philadelphia. Nearby schools include Key Francis Scott School, Gamp and South Philadelphia High School. 2337-41 South Alder Street is a 3-bed, 3-bath, 4,800 sqft multi-family home built in 1925.

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 OCF Realty LLC - Philadelphia

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.