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Key Details
Sold Price $440,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,130 sqft
Price per Sqft $206
Subdivision Temple University
MLS Listing ID PAPH2008902
Sold Date 10/28/21
Style Traditional
Bedrooms 8
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,130
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,515
Tax Year 2021
Lot Size 1,110 Sqft
Acres 0.03
Lot Dimensions 15.00 x 74.00
Property Description
Completely renovated with new additions in 2019! It features 8 decent size bedrooms and 3 bathrooms with laundry unit in the finished basement. It has central HVAC system and a great backyard for activities or just rest. It is an excellent turn key rental property with close to 9% NOI cap rate after tax and other expenses. The property is in excellent condition and pretty much maintenance free. It's currently fully occupied by 8 great temple students with the lease to 07/31/2021 for $4200 per month. The good part is that the lease is renewed to 07/31/2022 for school year of 2021-2022. So you have one more full year to collect rents after purchase. This property is easy to rent out due to its location and excellent condition. The rent is slightly lower than the market on the similar location and condition by comparison. So there is great potential to increase the rent for school year of 2022-2023 post pandemic. Great location with this awesome investment property in the heart of the Temple University! Only a couple blocks away from the main campus! Just moments to the Broad Street Line at located at the Cecil B Moore Station - BSL stop. Easy access to shopping, public transportation & the Fresh Grocer, Temple University Sports Complex and The Liacouras Center & Pearson-McGonigle Hall. Come to view it today! Don't miss this great investment opportunity! Add it to your next investment portfolio!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full
Main Level Bedrooms 8
Interior
Interior Features Kitchen - Eat-In
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 471283000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Wei Lin • Tesla Realty Group, LLC