Multifamily For Sale

$1,499,000

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1916 18 E Passyunk Avenue

  • – beds
  • – baths
  • 4,189 sqft
  • 2,059 sqft lot
  • $357 per sqft
  • 1915 build

1916-18 is FOR SALE SEPARATE FROM 1914! 1916, and 1918 is a prime opportunity on one of the most bustling commercial corridors in Philadelphia. Triple Net Lease! Separate utilities! 1916-18 is a combined double property with a large double commercial store front and two large double sized 2 bedroom apartments. Commercial tenant is a triple net lease with renewal options and also with rent increases built in. The two apartments also share in the expenses - they pay their part of the water/sewer bill and trash. In 1916-18, tenants pay their own gas and electric. Rare opportunity! Act now!

BRIGHT logo Listing courtesy of BRIGHT / Century 21 Forrester Real Estate

Last checked: Checking… • Last updated May 5, 2021 •

MLS# PAPH982492 —

Amenities & Taxes

The Building

Year Built:
1915
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Masonry
Structure Type:
Interior Row/Townhouse
Architectural Style:
Straight Thru
Building Units Total:
3
Building Levels:
3
Accessibility Features:
None
Basement:
Yes
Basement Type:
Unfinished
Total SQFT Source:
Assessor
Total Below Grade SQFT Source:
Assessor

Interior

Living Area SQFT Source:
Assessor

Room Dimensions

Total SQFT
4189
Living Area SQFT:
4,189 Sqft

Financial & Terms

Sale Type:
Standard
Acceptable Financing:
Cash, Conventional
Possession:
Immediate, Subject to Existing Lease

Location

Directions:
Subject property is located on the 19xx block of E Passyunk Ave between Mifflin and McKean Sts
Cross Street:
McKean and Mifflin Sts
Latitude:
39.91342000
Longitude:
-75.23904000

The Property

Property Type:
Multi-Family
Property Sub Type:
Triplex
Lot Size Acres:
0.05
Lot Size Source:
Assessor
Lot Size Dimensions:
35.50 x 58.00
Lot SQFT:
2,059 Sqft
Inclusions:
any and all appliances in Lease Agreements and owned by Landlords
Exclusions:
any and all appliances owned by Tenants and personal or business property owned by Tenants
Other Structures:
Above Grade, Below Grade
Zoning:
CMX25
Water View:
No
Waterfront:
No
Navigable Water:
No
Water Access:
No
Water Oriented:
No
Lot Size Units:
Square Feet
Riparian Rights:
No
Tidal Water:
No

Listing Agent

Contact info:

Taxes

Tax ID Number:
871559502
Tax Year:
2021
Tax Annual Amount:
$9,759
Tax Assessed Value:
$697,200
Year Assessed:
2021
School Tax
5355.0
City/Town Tax:
4404.00
Total Taxes Pymnt Freq:
Annually

The Listing

Buyer's Brokerage Compensation:
2.5%
Buyer Agency Comp Type:
% Of Gross

Heating & Cooling

Cooling Fuel:
Electric
Cooling Type:
Central A/C, Ductless/Mini-Split, Wall Unit
Central Air:
Yes
Heating:
Yes
Heating Type:
Forced Air, Baseboard - Hot Water, Hot Water, Central, Radiator, Radiant
Heating Fuel:
Natural Gas

Utilities

Utilities:
Cable TV Available, Natural Gas Available, Electric Available, Phone Available, Sewer Available, Water Available
Sewer Septic:
Public Sewer
Hot Water:
Natural Gas
Water Source
Public

Appliances

Appliances:
Refrigerator, Oven/Range - Gas, Dishwasher, Washer, Dryer, Microwave

Schools

School District Name:
The School District Of Philadelphia
School District Source:
Listing Agent

The Community

Subdivision Name:
Passyunk Square
Pool:
No Pool
Municipal Trash:
Yes

Parking

Type of Parking:
None
Garage:
No

Extra Units

Other Units:
Unit 1,Unit 2,Unit 3
Vacation Rental:
No
Two Bedroom Units:
2

Schools

Rating Details

John M Patterson School

  • Public
  • K-5
  • 0.2 mi

John Batram High School

  • Public
  • 9-12
  • 0.6 mi

William Tilden Middle School

  • Public
  • K-8
  • 0.7 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

No flood information available

We were unable to find flood risk information for this property. When new information is available, we’ll share it here.

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

Sale history

Date Event Source Price % Change
4/7/21
Price Changed BRIGHT $1,499,000 -6.3%
4/2/21
Listed / Active BRIGHT $1,599,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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1916 18 E Passyunk Avenue
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