$865,000
$899,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3,000 SqFt
SOLD DATE : 06/09/2023
Key Details
Sold Price $865,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $288
Subdivision Passyunk Square
MLS Listing ID PAPH2178188
Sold Date 06/09/23
Style Straight Thru
Abv Grd Liv Area 3,000
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $5,142
Tax Year 2023
Lot Size 992 Sqft
Acres 0.02
Lot Dimensions 16.00 x 62.00
Property Description
Incredible opportunity to own a brand new triplex in booming Passyunk Square. This property is perfect
for an investor or for an owner occupant looking to offset their housing cost with rental income. Cash flow immediately with an abundant pool of high quality tenants and enjoy unlimited appreciation upside as this area continues to develop. This huge property was renovated down to the studs in 2022 and features stylish high end finishes, stainless steel appliances, in unit laundry, private outdoor spaces and large bedrooms with plentiful natural light. Full 10-year tax abatement! The first and second floor units are bi-level, 3 bedroom, 2 bathroom apartments with a current lease in Unit 2 at $2,400 per month and a projected monthly rent of the same for Unit 1. The third floor unit is a luxurious 2 bedroom, 1 bathroom apartment with a massive panoramic roof deck and a monthly projected rent of $2,200. There is a charming patio out back that is private to the second unit. No detail was spared in the charming hardwood floors, tile shower and kitchen backsplashes, glass shower doors, vibrant white cabinets, stainless steel appliances, sleek light fixtures, built-in closet shelving and sturdy black matte fixtures. Fantastically convenient location with quick access to the Broad St subway line to Center City, a quick walk to Passyunk Square's restaurants, coffee shops, shopping, and nightlife, and an easy trip to the Philly sports stadium complex! Easy access to Delaware Ave big box retail and major highways like I-95 and I-76. Some of Philly's best parks are right down the street such as Marconi Plaza and the sprawling FDR park system. Don’t miss your chance to own a great income property in Philadelphia! Schedule an appointment now!
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX1
Rooms
Basement Other
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Exterior Feature Deck(s), Patio(s), Roof
Waterfront N
Water Access N
Accessibility None
Porch Deck(s), Patio(s), Roof
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 394271700
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with David Scialanca • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "