Bought with George J Kelly • Keller Williams Realty - Cherry Hill
$357,500
$374,999
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1,980 SqFt
SOLD DATE : 07/26/2019
Key Details
Sold Price $357,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $180
MLS Listing ID PAPH805466
Sold Date 07/26/19
Style Traditional
HOA Y/N N
Abv Grd Liv Area 1,980
Year Built 1915
Annual Tax Amount $4,174
Tax Year 2020
Lot Size 1,296 Sqft
Acres 0.03
Lot Dimensions 16.00 x 81.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Value-add triplex in University City submarket of Philadelphia, Pennsylvania. Walkable to Usciences + UPENN plus SEPTA train station. Three (3) units fully-leased. All 1bd units with spacious interiors and charming original features like hardwood floors, super high ceilings and bay window. 2 of 3 units are bi-level with additional flex space which can be monetized/used as 2nd bedroom. Significant recent capital improvements include: Plumbing, exterior upgrades, new roof. Raise rents dramatically (+200/unit) with cosmetic upgrades. Units should rent for 1100/mo ARV. Currently generating 2475/mo (30k/yr). Expenses roughly 8k/yr. Pro forma gross annual income = 40,000.Pro forma annual expenses = 6,000. Pro forma NOI = 34,000. Pro forma cap rate = 9%.Tenant-occupied; 24hr notice required to show. *SF estimated
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Baseboard - Electric, Forced Air
Cooling None
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer, Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 461203700
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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