$385,000
$396,300
2.9%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
2,116 SqFt
SOLD DATE : 08/27/2024
Key Details
Sold Price $385,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,116 sqft
Price per Sqft $181
Subdivision Temple University
MLS Listing ID PAPH2349758
Sold Date 08/27/24
Style Other
Bedrooms 6
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,116
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,019
Tax Year 2023
Lot Size 1,233 Sqft
Acres 0.03
Property Description
New price!
Fully rented through July 31, 2025, producing $3600/mo, $43,200 annually. 8% CAP rate!
This amazing building which is only a 2 min walk from Temple University Main Campus, situated on one of the most desirable among students' 20th block of Carlisle St. is available for its new investor!
The location is the main advantage of this property. It has a remarkable potential for appreciation due to its position between Norris & Diamond streets, just a short walk to a major university, public transportation, Pizzerias, 7/11, Rite Aid & more. It is a very easy property to fill with tenants and often they stay there for 2+ years. It is rented through July 2025 bringing in annually $43,200. Tenants pay for all utilities and have a good record of paying rent. The property has been properly maintained by the landlord and it will require minimum effort by the new owner to keep the business going. The new owner can update the property with a new kitchen, floors & fixtures with the potential of raising rents to $4200, $50,400 annually ($700/room) which is very reasonable for the area and the layout. Or you can just park the money, get a great return, approximation and enjoy the easy management!
SPINS zoning which is very rare and allows many uses for the building. See the zoning guide for more details. The property has a backyard, unfinished basement, central AC & Heating, washer and dryer in the unit. Large living space with original and beautiful hardwood floors. Electric stove, dishwasher in the kitchen, bathroom and a bedroom on the first floor. Second floor has 2 bathrooms and 3 rooms. 3rd floor has 2 bedrooms. More than 2000 square feet!
Inquire about showings and virtual tours!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning SPINS
Rooms
Basement Unfinished
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Hardwood
Equipment Dishwasher, Washer, Washer/Dryer Stacked, Stove, Refrigerator
Fireplace N
Appliance Dishwasher, Washer, Washer/Dryer Stacked, Stove, Refrigerator
Heat Source Electric
Laundry Basement, Washer In Unit, Dryer In Unit
Exterior
Exterior Feature Patio(s)
Waterfront N
Water Access N
Accessibility None
Porch Patio(s)
Parking Type Off Street
Garage N
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type High
New Construction N
Schools
School District The School District Of Philadelphia
Others
Pets Allowed Y
Senior Community No
Tax ID 321073800
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description Case by Case Basis
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Bought with Christos Tzimoulis • New Age Realty Group Inc
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