Thank you
Toma Holovatskyy
RE/MAX Plus
215-422-3711
Inquire about 3D video tours, floor plans, and video walkthroughs! Here is your opportunity to purchase a turn-key property, leased until July 31, 2025. Ideal for a 1031 Exchange, this investment features a building with a 9.77 Gross Rent Multiplier (GRM), offering tax deductions and appreciation potential. Located just a 30-second walk from the Norris & Broad St intersection, it's an excellent location for Temple University students and their parents, ensuring peace of mind and convenience. The building was completely renovated in 2011, with Unit 1 receiving a complete renovation in Summer 2023. From August 1, 2024, to July 31, 2025, the building will generate $6,555 monthly, totaling $78,660 annually. The tenants, who are Temple University students, are in joint leases and have qualified co-signers. The landlord covers water, trash pick-up, and cleaning of common areas. An estimated 7.75% CAP rate is exceptional for this setup and location. The units are easy to rent and manage due to the proximity to the school and their setups: Unit 1: 4 bed/4 bath, $2800 + $80 water fee Unit 2: 3 bed/2 bath, $1800 + $75 water fee Unit 3: 3 bed/1 bath, $1725 + $75 water fee The owner has maintained the property well, requiring minimal upkeep from the new landlord. All units boast central AC & heating, separate washers and dryers, and electric appliances. Schedule your tour today or explore our virtual tours!
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Water Source : Public
Basement Description: Partial
Property Appliances: Dishwasher,Washer,Dryer,Intercom,Built-In Microwave,Stove,Refrigerator
Cooling: Central A/C
Heating: Central
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 2011
Structure: Interior Row/Townhouse
Major Appliances: Dishwasher,Washer,Dryer,Intercom,Built-In Microwave,Stove,Refrigerator
New Construction: No
Total Units: 3
Built: 2011
Construction Material: Brick
Foundation/Basement: Other
Architecture: Other
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 1,492
Lot Size (Acres): 0.03
Architectural Style: Other
Main Square Feet: 1,492
SQ ft: 2,617
SQ ft (Living Area): 2,617
Total Lot SQ ft: 1,492
Financing: Cash,Conventional
Total Acreage: 0.03
New Construction: No
Type: Other
Possession: 0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD
Days Of Market: 1
Annual Tax: $7,879
Tax Year: 2023
Total Taxes Payment Frequency: Annually
0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD
Taxes Assessment Amount: $562,900
Acceptable Financing: Cash,Conventional
Direction: Please use GPS
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Direction: Please use GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1924 W Berks Street , Philadelphia, PA,19121 | $69,900 | -- | -- | 1,120 | 1120 Sqft |
1716 N 26th Street , Philadelphia, PA,19121 | $90,000 | -- | -- | 945 | 945 Sqft |
1900 N 24th Street , Philadelphia, PA,19121 | $50,000 | -- | -- | 1,299 | 1299 Sqft |
2516 W Diamond Street , Philadelphia, PA,19121 | $50,000 | -- | -- | 1,360 | 1360 Sqft |
1815 N Ringgold Street , Philadelphia, PA,19121 | $45,000 | -- | -- | 658 | 658 Sqft |
1501 N 31st Street #PH13, Philadelphia, PA,19121 | $594,999 | 3 | 2.5 | -- | -- |
2353 Turner Street , Philadelphia, PA,19121 | $80,000 | -- | -- | 835 | 835 Sqft |
1423 W Stiles Street , Philadelphia, PA,19121 | $360,000 | 3 | 3.0 | -- | 904 Sqft |
1419 W Stiles Street , Philadelphia, PA,19121 | $380,000 | 3 | 3.0 | 1,218 | 904 Sqft |
1501 N 31st Street #PH12, Philadelphia, PA,19121 | $999,999 | 3 | 3.5 | -- | -- |
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ByOwner last updated this listing 05/22/2024 @ 05:30
MLS: PAPH2348100
LISTED BY: Toma Holovatskyy , RE/MAX Plus
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.