Philadelphia, PA 19111,7442 OXFORD AVE
Philadelphia, PA 19111,7442 OXFORD AVE
Philadelphia, PA 19111,7442 OXFORD AVE
68
$345,000
$345,000
Est.Price: ?

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2,310 SqFt

7442 OXFORD AVE Philadelphia, PA 19111

Est. payment /mo
SOLD DATE : 12/01/2021

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Key Details

Sold Price $345,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $149

Subdivision Fox Chase

MLS Listing ID PAPH968994

Sold Date 12/01/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $3,362

Tax Year 2021

Lot Size 10,335 Sqft

Acres 0.24

Lot Dimensions 65.00 x 159.00

Property Description

In real estate, location is key! This is the perfect opportunity for a smart business owner who wants to stop renting office space and would like to become their own landlord. Take advantage of the tax law and pay yourself rent! This is also the best option for an investor looking for cash flow and real estate appreciation. The property is located in the desirable neighborhood of Fox Chase, a three minute drive to Rhawnhurst, and 5 minutes to an upcoming police station headquarters. The property has a gorgeous colonial style and impressive entrance with appealing landscape that can get anyone's attention! In addition, the property has back parking space for up to 5 cars, plus a detached garage for 2 cars. Next to the garage you will find a gorgeous space with grass and trees for the perfect BBQ during the summer. The central air was installed recently, the water tanks are around 8 years old but well maintained, and the roof was installed in 2009 - not to mention all certificates were obtained from the city! It is a golden opportunity as the property has two apartments on the second floor and each unit has one bedroom and the kitchens have brand new cabinets. The long term tenants are paying on a monthly basis and one of them is leaving by the end of November. Currently the front apartment is $625/mo and the back apartment is $500/mo; rents do not include utilities. For investors familiar with the area, the rent is low and it could easily be increased. The rent could go between $800 to $1,100 per month. The first level has three office spaces, one full bathroom, a hallway for the receptionist and the waiting room for clients. In addition, the basement is pretty big and is perfect for storage space! This property will be sold in "as-is" conditions. The property is zone for a professional service business, other type of businesses will have to go through a variance.

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning RSA3

Interior

Hot Water 60+ Gallon Tank

Heating Central

Cooling Central A/C

Flooring Carpet, Hardwood

Heat Source Central

Exterior

Garage Spaces 10.0

Water Access N

Roof Type Shingle,Slate

Accessibility 32\"+ wide Doors, 2+ Access Exits

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871584800

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA 203(k), FHA 203(b)

Listing Terms Cash, Conventional, FHA 203(k), FHA 203(b)

Financing Cash,Conventional,FHA 203(k),FHA 203(b)

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Francisco Michaud • KW Philly
Bought with Aissatou G Diallo • Keller Williams Real Estate - Bensalem

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Azieza Kazlak

REALTOR® | License ID: 1751218

+1(201) 705-0103

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