2,000 SqFt
2,000 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $300
Lot Size 1,669 Sqft
MLS Listing ID PAPH2661604
Financing Cash,Conventional
Style AirLite
Subdivision Mt Airy
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
The property has been well maintained, with recent kitchen and bathroom upgrades providing modern finishes while retaining the character of the building. Units offer bright living spaces, hardwood flooring and updated kitchens and baths. The attractive stone and brick exterior further distinguishes the property. Utilities are separately metered and paid by the tenants, with the landlord responsible for water, helping to keep owner operating expenses low.
Offered at $600,000, the property generates approximately $41,670 in NOI, representing a 6.95% capitalization rate based upon current operations. With established tenancy, recent interior improvements and approximately a 7% in-place cap rate, 2 E McPherson Street presents an attractive opportunity to acquire a stabilized, income-producing multifamily property with immediate cash flow.
Location
State PA
County Philadelphia
Area 19119 (19119)
Zoning RSA5
Area 19119 (19119)
Rooms
Basement Connecting Stairway
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Building
New Construction N
Foundation Block
Lot Dimensions 18.95 x 88.09
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
Schools
Elementary Schools Abram Jenks
Middle Schools Ada Lewis
High Schools Martin Luther King
School District The School District Of Philadelphia
Others
Tax Amount $4,942
Tax Year 2026
Tax ID 091045400
Ownership Fee Simple
SqFt Source 2000
Acceptable Financing Cash, Conventional
Special Sale Standard
