Philadelphia, PA 19111,1129 COTTMAN AVE
Philadelphia, PA 19111,1129 COTTMAN AVE
Philadelphia, PA 19111,1129 COTTMAN AVE
Philadelphia, PA 19111,1129 COTTMAN AVE
Philadelphia, PA 19111,1129 COTTMAN AVE
Philadelphia, PA 19111,1129 COTTMAN AVE
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$348,000

$359,900

3.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,800 SqFt


SOLD DATE : 03/14/2024

Key Details

Sold Price $348,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $193

MLS Listing ID PAPH2222640

Sold Date 03/14/24

Style Traditional

Abv Grd Liv Area 1,800

Originating Board BRIGHT

Year Built 1953

Annual Tax Amount $4,167

Tax Year 2023

Lot Size 3,736 Sqft

Acres 0.09

Lot Dimensions 32.00 x 118.00

Property Description

Great opportunity for either an owner occupant or investor! Major Announcement from Fannie Mae and Freddie Mac now only requiring a 5% DOWN PAYMENT FOR AN OWNER OCCUPANT! Live in one unit and rent the other two units- cheaper than renting! This tri-plex dwelling has three single bedroom units all occupied by ten year long term tenants who are not currently paying fair market rental due to the fact they are excellent tenant and their longevity. The tenants would wish to stay if the new owners can come to terms with each of them on a fair rent increase. If not then they are all on month to month lease with a 60 day notice. The building has 3 separate gas fired hot water heating systems with two of the boilers approximately 10 years new while the third is less than one year old. There is also three separate gas fired domestic hot water heaters. Each of the units has its own separate electrical panel box in the basement. This property is an all brick twin tri-plex located near Five Points in the Burholme section of Five Points Near shopping and transportation. Each of the floors have had multiple improvements over the last ten years. The full basement is shared between the units and used for both laundry facilities as well as storage and heater area. In the rear is a lovely yard which likewise is shared by each of the tenants. As seen in the pictures each of the tenants takes very good care of their apartment and each of the kitchens and bathrooms have been updated and improved. Very nice condition. The first floor tenant coordinates all appointments. The listing agent has an interest in the property. The owner is a licensed real estate agent in New Jersey. Based on the market conditions this property has an awful lot to offer at this price!

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning RSA3

Rooms

Basement Outside Entrance, Sump Pump

Interior

Hot Water Multi-tank

Heating Baseboard - Hot Water

Cooling Ceiling Fan(s), Multi Units

Flooring Carpet, Ceramic Tile, Hardwood, Laminated

Fireplace N

Heat Source Natural Gas

Exterior

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 561261400

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Stephen Matlack • Re/Max One Realty
Bought with Mohammed R Latif • Premium Realty Group Inc
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 975-0021

josh@realtorforvirginia.com

14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151

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