$800,000
$825,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3,570 SqFt
SOLD DATE : 12/19/2019
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,570 sqft
Price per Sqft $224
Subdivision West Powelton
MLS Listing ID PAPH509984
Sold Date 12/19/19
Style Dwelling with Rental
HOA Y/N N
Abv Grd Liv Area 3,570
Originating Board BRIGHT
Year Built 2013
Annual Tax Amount $1,184
Tax Year 2020
Lot Size 1,360 Sqft
Acres 0.03
Lot Dimensions 16 x 85
Property Description
Triplex student housing apartment building in University City. Walking distance to Drexel University and University of Pennsylvania. Unit A has 5 bedrooms 2 bathrooms. Unit B has 3 bedrooms 1 bathroom. Unit C has 3 bedroom 1 bathroom. The whole building is fully furnished. All tenants are Drexel and U Penn students. Currently 100% occupied to the end of July or August, 2020. Monthly rent $6030. This building has been always 100% rented since it was built in 2013. 10 years tax abatement to the year of 2024. At the current asking price, the net CAP rate is about 7.8%. This is a great investment opportunity in University City market! Call or text at 215-360-7811 to make appointment.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Multi-tank, Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Cable TV, Water Available, Sewer Available, Natural Gas Available
Waterfront N
Water Access N
View City
Roof Type Flat
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 061025510
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Vincent Mancini • KW Philly
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "