Bought with Jason A Cartwright • Keller Williams Real Estate-Langhorne
$545,000
$634,900
14.2%For more information regarding the value of a property, please contact us for a free consultation.
5701-5 TULIP ST Philadelphia, PA 19135
4,850 Sqft Lot
Key Details
Sold Price $545,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2595124
Sold Date 07/06/26
Year Built 1960
Annual Tax Amount $5,330
Tax Year 2025
Lot Size 4,850 Sqft
Acres 0.11
Lot Dimensions 49.00 x 100.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Well-maintained 6-unit multifamily property located in Philadelphia. Each unit features 1 bedroom and 1 bathroom and is equipped with wall/window A/C units. The building currently has 4 occupied units, offering immediate rental income potential. Property includes gas heat with baseboard heating and gas water heaters. The heating system is serviced twice a year, with the most recent service completed in 2025. The side of the roof was repaired approximately three years ago. Windows were replaced in 2014. Additional amenities include a coin-operated washer and dryer for tenant convenience and on-site parking for up to 8 vehicles. Three units are vacant, Owner has not increased the rent for a couple of years, one unit pays $720, month to month, $780, month to month, the other unit $975, tenant extended the lease for a year. Rents can easily can be raised, the vacant units are ready to be rented and in great condition. This property presents a great opportunity for investors looking to add a stable multifamily asset in a strong rental market. Showings on weekends only since tenants work during the week.
Location
State PA
County Philadelphia
Area 19135 (19135)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Wall Unit
Flooring Carpet
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 8.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available
Water Access N
Roof Type Flat
Street Surface US Highway/Interstate
Accessibility None
Road Frontage Boro/Township, State
Total Parking Spaces 8
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 411439000
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
Special Listing Condition Standard
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