$397,000
$389,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
3,045 SqFt
SOLD DATE : 04/23/2024
Key Details
Sold Price $397,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,045 sqft
Price per Sqft $130
Subdivision Germantown (East)
MLS Listing ID PAPH2331978
Sold Date 04/23/24
Style Converted Dwelling,Bi-level
Abv Grd Liv Area 2,030
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $2,666
Tax Year 2022
Lot Size 2,683 Sqft
Acres 0.06
Lot Dimensions 29.00 x 93.00
Property Description
It is my pleasure to present to you, the investment opportunity of the year. 1915 W Chew Avenue is a 3 unit unicorn, featuring 6 generous bedrooms (2-bedrooms per unit), 3 full bathrooms (1 bath per unit, 2 tub showers), 3 den spaces, 3 spacious living rooms and 3 full kitchens on a 2,683 sq ft lot in the heart of the LaSalle University neighborhood. The renovations speak for itself. Each unit has its own separate entrance, allowing for complete privacy from your shared neighbors. Walking into the living room space of Units A and B, and the bedroom in unit C, you’re captured by the exclusive paneling on the accent walls, bringing an edgy-modern feel that’s only produced from proper craftsmanship. The accent detailing extends to the kitchen areas, which also feature new stainless steel appliances, new cabinetry, new countertops and a stacked washer/dryer. This Triplex has it all! Take note of the large amount of functional storage space in the kitchens and throughout each apartment, as multiple closets provide additional storage for the bedrooms, bathrooms and common areas. Units A and B feature a ceiling fan in every room including the kitchen to keep the air flowing on those humid summer days, and Unit C offers residents with Central A/C. This is the perfect turn-key investment for any new or seasoned property investor looking to reward their portfolio.
The property is currently operational and generating revenue, as Unit C is leased and the resident is aware of a potential transfer in ownership and is willing to renegotiate lease terms if necessary. When fully occupied the units in total generate $60,000 gross annually. In addition to the proximity to the neighboring schools LaSalle University and Central High School, you also have a supermarket, Broad-Olney public transportation center, Kemble and Wister’s Wood park, Jefferson Einstein Hospital and local favorite restaurants all within a 4 mile radius. Convenience at its finest, a renovated triplex, an elevated aesthetic and an income producing opportunity you’re unlikely to come across again.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RM1
Interior
Interior Features Ceiling Fan(s), Store/Office, Tub Shower, Upgraded Countertops, Walk-in Closet(s), Window Treatments, Wood Floors
Hot Water Electric
Heating Hot Water
Cooling Central A/C, Window Unit(s)
Flooring Hardwood, Carpet, Ceramic Tile
Equipment Built-In Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer/Dryer Stacked
Fireplace N
Appliance Built-In Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer/Dryer Stacked
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling, Bi-level
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Central
School District The School District Of Philadelphia
Others
Tax ID 171104800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Esther M Cohen-Eskin • Compass RE
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”