Philadelphia, PA 19121,1628-30 W SUSQUEHANNA AVE

$600,000

$700,000

14.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,162 SqFt


SOLD DATE : 11/02/2017

Key Details

Sold Price $600,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,162 sqft

Price per Sqft $277

Subdivision Temple University

MLS Listing ID 1000312291

Sold Date 11/02/17

Style Other

HOA Y/N N

Abv Grd Liv Area 2,162

Originating Board TREND

Year Built 2013

Annual Tax Amount $875

Tax Year 2017

Lot Size 1,005 Sqft

Acres 0.02

Lot Dimensions 15X67

Property Description

TURN KEY INVESTMENT PROPERTY NEAR TEMPLE UNIVERSITY with 8.85% Cap Rate!!! Excellent opportunity for a new investor to get into the student housing market or for a seasoned investor to add to an existing portfolio. This property was completely rebuilt from the ground up in 2013. 6 years left on the tax abatement. Everything except the front facade and side walls is new. All new electric, plumbing, french drain, heating/cooling system, hot water heaters, windows, insulation, flooring and walls. Roof has a 10 year warranty. Apartments have hardwood floors in the common area and bedrooms and ceramic tiles in the bathrooms. Kitchens have granite countertops, cherry cabinetry, dishwashers and microwaves. Each unit is equipped with a HE washer/dryer. The building has a sprinkler system, hard-wired monitored fire alarm system, security cameras and in-unit video monitors. All utilities are separated. Tenants pay electric. Landlord pays water and wifi. Opportunity to increase the rent roll by renting the commercial space on the first floor. Less than 10 minutes walk to Temple's main campus and the Broad Street Line. Very easy commute to Center City. Please note: This property is being offered as a package with 1628 W Susquehanna. Each building has 4 units (1 commercial space, 1 4bd/2ba, 2 2bd/1ba) for a total of 8 units in the package. Gross Rent of $75,990.00 is for both properties. Taxes of $1122 is for 1630 W Susquehanna. Taxes for 1628 W Susquehanna are $875. Offered price for individual building is $369,000. See also MLS # 7035430.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX2

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Electric

Heating Electric

Cooling Central A/C

Fireplace N

Heat Source Electric

Laundry Washer In Unit, Dryer In Unit

Exterior

Waterfront N

Water Access N

Accessibility None

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 321065600

Ownership Fee Simple

Acceptable Financing Conventional, VA, FHA 203(b)

Listing Terms Conventional, VA, FHA 203(b)

Financing Conventional,VA,FHA 203(b)

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Barbara Schweizer • Main Line Investors Group
Bought with Michael K Ho • Prosperity Real Estate & Investment Services
agent-avatar

Making real estate fast, fun, and stress-free!

+1(717) 763-1212

info@rsrrealtors.com

3 Lemoyne Drive, Suite 100, Lemoyne, PA, 17043

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.