Philadelphia, PA 19104,3601-3603 MELON ST
Philadelphia, PA 19104,3601-3603 MELON ST
Philadelphia, PA 19104,3601-3603 MELON ST
Philadelphia, PA 19104,3601-3603 MELON ST
Philadelphia, PA 19104,3601-3603 MELON ST
Philadelphia, PA 19104,3601-3603 MELON ST
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$432,500

$425,000

1.8%
Est.Price: ?

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Est. payment /mo

2,513 SqFt


SOLD DATE : 08/24/2023

Key Details

Sold Price $432,500

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,513 sqft

Price per Sqft $172

MLS Listing ID PAPH2235842

Sold Date 08/24/23

Style Straight Thru

Abv Grd Liv Area 2,513

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $5,094

Tax Year 2022

Lot Size 1,182 Sqft

Acres 0.03

Lot Dimensions 32.00 x 76.00

Property Description

3601-3603 Melon St is a pair of joined duplexes located in Philadelphia's booming Mantua neighborhood, a few blocks from Drexel University and a few minutes from the University of Pennsylvania. Built in 2014, these newer properties with gross rents of $49,680.00 per year, feature mirrored layouts with a total of four 2-bedroom, 1-bathroom apartments. Each apartment has the bedrooms on opposite ends, great for roommate privacy, a full hall bathroom, and an open living room and modern kitchen at the center. The lower units have access to the rear yards and the basements. The owners expenses are minimal and the buildings offer a 7.5% cap rate. This is a fully rented, turnkey opportunity! Not only is this location minutes from nearby universities, it's also close to the Philadelphia Museum of Art, Kelly Drive, the extensive Schuylkill River Trail, and the Philadelphia Zoo. Plus, there's easy access to public transit, I-76, and I-676. Schedule your tour today!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Wall Unit

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 242112200

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Stuart C Cohen • KW Philly
Bought with ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut
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