PRICE JUST REDUCED TO #$624,000 - CALLING FOR OFFERS-AGREEMENTS!
Property occupies two deeds - 4835 and 4837 Morris Street. Each unit is heated and air conditioned by an individual unit - gas and electric paid by the tenants. The heating and ac units installed in the past five years. The income and "fixed" expenses are from the rental agency's records. See Seller disclosure-- within past 5 years many new windows, new kitchens, upgraded bathroom, new separate heat and central a/c. With the property on separate deeds a purchaser may be able to secure more favorable financing terms when purchasing the two triplex (3 unit buildings). This package is also being offered as two separate 3 family building, ideal for owner occupancy. The seller is also in a position to entertain offers where the purchaser needs to complete/close out a 1031 exchange.--------------------------------------------------------------By agreement with the Selling Partnership and the current residents, Our agency
is not conducting open houses or tours of the apartments. You and your client are welcome to walk the grounds, tour the adjacent to FERN HILL PARK ,the near by Philadelphia Cricket Club, the Queen Lane Train Station on The Chestnut Hill West Septa line to
Center City Philadelphia, plus roam the general community around 4835-37 Morris Street
where the well maintained housing is predominately owner occupied single-family residences. Our agency will be pleased to arrange for you and your clients to make an inspection of the Utility & Basement areas & grounds prior to making A Purchase Offer!
With plentiful on-street parking, we are under a 10minute drive to St Joseph’s University!
As detailed on the rent roll and relatively fixed operating costs schedule included in the
MLS listing attachments, our agency has provided detailed information on the buildings, including the seller’s disclosure forms, very detailed photographs of the public areas and inside each individual apartment. The 2-Two bedroom flats-1st Floor Units #A&D, and the 2-Two bedroom bilevel 2nd+3rd floor front -Units #B&E each average 1000SF+/-. The 2-One bedroom apartments 2nd floor rear -Units#C&F average 600SF+/-!
The photographs clearly detail the top condition of the (newer) Flooring, the Walls,
Ceilings, light Fixtures, the Kitchen appliances&cabinets, the Bathroom fixtures and the
Ceramic tile walls&floors in each apartment Plus the private entrances and public hallways. The photos also show the grounds and building exterior including the separate Electric Meters. The basement photos display the 2-separate free laundry services, the individual gas hot air furnaces/central a/c equipment and individual gas hot water tanks. Tenants pay for all utilities except Water/Sewer plus weekly municipal recycling and trash removal. Many of the features detailed above were substantial upgrades installed over the past 8+ years. The photographs were all taken on or around June 2nd 2022!
Courtesy of Realty World Properties, Inc.
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Data last updated 10:33 AM UTC, 8/12/22