$500,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
2,656 SqFt
SOLD DATE : 10/31/2019
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,656 sqft
Price per Sqft $188
Subdivision Temple University
MLS Listing ID PAPH830362
Sold Date 10/31/19
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,656
Originating Board BRIGHT
Year Built 2014
Annual Tax Amount $992
Tax Year 2020
Lot Size 1,248 Sqft
Acres 0.03
Lot Dimensions 16.00 x 78.00
Property Description
Investment alert! This newer construction triplex is located in the heart of Temple U off campus housing location and is generating rental income with student leases already in place through July 2020! All three units feature central air/heat, a modern kitchen, w/stainless appliances, granite countertops, hardwood floors throughout the common areas and carpeted bedrooms. The first-floor unit offers four bedrooms, two full baths, as well as access to the fenced-in backyard. This unit also includes the finished basement which houses the apartment's laundry room. The second and third floor units each feature two bedrooms, a full bath, and a stacked washer/dryer. The total monthly rental income is at market for the (2) 2-bedroom units but under rented to tenants that have renewed their lease through 2020. $4,150.00 and current leases are in place until the beginning of the next school year (End of July 2020). There is also the remainder of the Ten-year tax abatement in place! (Photos are of the property prior to the current tenants.)
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Rooms
Basement Other
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer 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 321129801
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Judith A Mish • RE/MAX Centre Realtors
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”