Thank you
Aaron Wallace
Keller Williams Main Line
610-520-0100
Nestled at 833 N 63rd Street, mere minutes from the bustling City Line Avenue and conveniently close to various public transportation options, this quadplex presents a rare opportunity for discerning investors seeking both immediate returns and long-term potential. Renovated in 2017, each of the four distinct apartments exudes modern charm and timeless appeal, boasting elegant wood floors, exposed brick accents, and gleaming stainless steel appliances. The property's strategic location is further complemented by its proximity to a burgeoning development landscape, with a brand-new six-unit apartment building under construction adjacent to it, promising favorable future comparables. **Unit Configurations and Rental Income:** - **Apartment 1:** A spacious 2-bedroom, 2-bathroom sanctuary, commanding $1800 per month in rent. - **Apartment 2:** Featuring 2 bedrooms and 1 bathroom, this unit offers comfortable living at $1500 monthly. - **Apartment 3:** Another inviting 2-bedroom, 2-bathroom retreat, generating $1500 in monthly rental income. - **Apartment 4:** Ideal for individuals or couples, this 1-bedroom, 1-bathroom haven commands $1200 per month. **Operating Costs:** - **PECO Common Area:** A reasonable $290 ensures efficient electricity distribution across common spaces. - **Philadelphia Water Department:** $350 - **Landscaping:** With a monthly upkeep cost of $120 (May-November), the property's exterior maintains its inviting allure. - **HVAC Maintenance:** Scheduled preventative maintenance, budgeted at $1200 annually, ensures optimal functionality of heating, ventilation, and air conditioning systems. - **Insurance:** Currently estimated at $4052, adjustments are advised to optimize expenses and enhance profitability. - **Taxes:** Set at $5599 This meticulously maintained quadplex not only promises immediate returns through its robust rental income but also stands poised to capitalize on the area's burgeoning development, making it an irresistible prospect for investors seeking both stability and growth in Philadelphia's dynamic real estate market.
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Water Source : Public
Ceiling Fan(s)
Roof : Pitched
Pitched
Cooling: Central A/C,Ceiling Fan(s)
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Window Treatments: Energy Efficient,Replacement
Year Built: 1925
Structure: Detached
New Construction: No
Total Units: 2
Built: 1925
Construction Material: Masonry
Roof: Pitched
Foundation/Basement: Brick/Mortar,Concrete Perimeter
Architecture: Other
Pool/Private: No Pool
Roof Type: Pitched
Utilities: Electric Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 9,148
Dimensions: 0.00 x 125.00
Lot Size (Acres): 0.21
Architectural Style: Other
Stories Total: 3
Main Square Feet: 9,148
SQ ft: 3,426
SQ ft (Living Area): 3,426
Total Lot SQ ft: 9,148
Financing: Conventional,Cash
Appx. Lot Dimensions: 0.00 x 125.00
Total Acreage: 0.21
New Construction: No
Type: Other
Possession: Immediate
Days Of Market: 20
Annual Tax: $5,599
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $400,000
Parking Type: On Street
Has Garage: N
Acceptable Financing: Conventional,Cash
Roof: Pitched
Direction: USE GPS
School District: PHILADELPHIA CITY
Electric Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Direction: USE GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
704 N 63rd Street , Philadelphia, PA,19151 | $69,900 | -- | -- | 2,400 | 2400 Sqft |
1656 N 59th Street , Philadelphia, PA,19151 | $27,900 | -- | -- | 1,477 | 1477 Sqft |
1420 N 61st Street , Philadelphia, PA,19151 | $225,000 | -- | -- | 2,950 | 2950 Sqft |
5926 Master Street , Philadelphia, PA,19151 | $125,000 | -- | -- | 1,913 | 1913 Sqft |
1545 N Robinson Street , Philadelphia, PA,19151 | $105,000 | -- | -- | 1,872 | 1872 Sqft |
1621 N 61st Street , Philadelphia, PA,19151 | $45,000 | -- | -- | 1,350 | 1350 Sqft |
537 N 64th Street , Philadelphia, PA,19151 | $509,000 | -- | -- | 1,760 | 3732 Sqft |
6618 Malvern , Philadelphia, PA,19151 | $185,000 | 3 | 1.5 | 1,246 | 1440 Sqft |
6386 Sherwood Road , Philadelphia, PA,19151 | $350,000 | 6 | 2.5 | 2,804 | 6300 Sqft |
6112 W Jefferson Street , Philadelphia, PA,19151 | $248,000 | 6 | 2.0 | 1,536 | 2153 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 02:25
MLS: PAPH2322684
LISTED BY: Aaron Wallace , Keller Williams Main Line
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.