$600,000
$700,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
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)
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