$340,000
$365,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2,026 SqFt
SOLD DATE : 11/30/2018
Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,026 sqft
Price per Sqft $167
Subdivision Temple University
MLS Listing ID 1002294556
Sold Date 11/30/18
Style Other
HOA Y/N N
Abv Grd Liv Area 2,026
Originating Board TREND
Year Built 1928
Annual Tax Amount $3,730
Tax Year 2018
Lot Size 1,032 Sqft
Acres 0.02
Lot Dimensions 16X64
Property Description
Great value add opportunity for investors interested in student housing. All units were fully renovated in 2008, opportunity to update finishes and layout to increase rents. All units currently rented to students, and have been rented at same price for last several years. The property is on the corner of Gratz and Berks and is in prime off campus location for students. Strong cash flow as is, property is being offered at a 7 cap rate. There is low inventory in the TU market, this property won't last long. All units include central air, hardwood floors, and washer/dryer in unit. This property can be sold as a package with 1624 Bouvier Street. Owner is open to leasing contingency to ensure tenant in 3rd unit.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Basement Partial
Interior
Hot Water Electric
Heating Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Laundry Washer In Unit
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321129400
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Bin Mei Zhang • Panphil Realty, LLC
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”