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1705 W Erie Ave 5 Unit Apartment Building $200,000 ($40,000/Unit) Philadelphia, PA 19140
Executive Summary
Legal distressed 5 unit multi family building. Multiple violations. Depending on buyer's offer, there will need to be a short sale approval. All but 1 tenant has moved out and most likely will call for a cash to keys scenario. Seller only accepting offers from direct buyers no wholesales, assignments or novations.
Property Facts Under Contract
| Price | $200,000 | Apartment Style | Garden |
| Price Per Unit | $40,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Sale Condition | Distress Sale | Building Size | 2,759 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price | $200,000 |
| Price Per Unit | $40,000 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,759 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 881298920 | Improvements Assessment | $246,960 |
| Land Assessment | $105,840 | Total Assessment | $352,800 |
Property Taxes
Parcel Number
881298920
Land Assessment
$105,840
Improvements Assessment
$246,960
Total Assessment
$352,800
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1705 W Erie Ave