$500,000
$569,999
12.3%For more information regarding the value of a property, please contact us for a free consultation.
2,782 SqFt
SOLD DATE : 10/20/2020
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,782 sqft
Price per Sqft $179
Subdivision Temple University
MLS Listing ID PAPH851640
Sold Date 10/20/20
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,782
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,565
Tax Year 2020
Lot Size 1,712 Sqft
Acres 0.04
Lot Dimensions 16.00 x 107.00
Property Description
3 UNIT MULTIFAMILY with 12 Bedrooms and 4 1/2 Bathrooms. Grow your investment portfolio quickly with these income Opportunity. Currently making a CASH FLOW of $70,500 per year fully leased, Total Expenses are $15,851.95 per year, NOI $54,648.05 and CAP RATE OF 9.5% per year. The property is located two blocks from Broad Street, and a couple blocks from Temple University, between W Daulphin and W York St. The Basement is producing $12,600 per year; the 1st level is $18,180 per year. 2nd & 3rd levels are $40,020 per year. The units boast open floor plans, wood flooring throughout, and feature modern, high-end finishes, custom tile work, central air/heat, newer windows in each bedroom and best of all, a great return on investment. this building will make a great addition to your investment portfolio or be a great starter investment with one-year leases already in place. Conveniently located within walking distance to Broad Street Line subway and Temple University. It is New Construction developments around the corner on BROAD St. This property is perfect for student rentals! Schedule an appointment to see this multi-family property today! **Tenants living in Units now**
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features Wood Floors, Kitchen - Table Space, Sprinkler System
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Wood
Equipment Oven/Range - Electric, Refrigerator, Microwave
Fireplace N
Appliance Oven/Range - Electric, Refrigerator, Microwave
Heat Source Natural Gas
Exterior
Exterior Feature Balcony, Porch(es)
Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits
Porch Balcony, Porch(es)
Parking Type On Street
Garage N
Building
Sewer Public Septic, 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 371284800
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Exterior Cameras,Smoke Detector,Sprinkler System - Indoor
Acceptable Financing Cash, Negotiable, Private, Conventional
Listing Terms Cash, Negotiable, Private, Conventional
Financing Cash,Negotiable,Private,Conventional
Special Listing Condition Standard
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Bought with Diana Rivera • Keller Williams Real Estate - Newtown
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”