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1950 N GRATZ ST Philadelphia, PA 19121
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Key Details
Sold Price $1,221,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,916 sqft
Price per Sqft $311
Subdivision Temple University
MLS Listing ID PAPH2004430
Sold Date 10/28/21
Style Straight Thru
HOA Y/N N
Abv Grd Liv Area 3,916
Originating Board BRIGHT
Year Built 2017
Annual Tax Amount $1,147
Tax Year 2021
Lot Size 1,301 Sqft
Acres 0.03
Lot Dimensions 16.00 x 81.33
Property Description
Do not miss out on the opportunity to add this income producing Temple University triplex to your portfolio! The building offers one 5 bed 5 bathroom unit and two 4 bedroom 2.5 bathroom units. All three units are already fully leased for the upcoming 2021-22 school year and commissions have already been paid! The gross annual income for the 2021-22 school year is $107,220 with estimated expenses at only $15,353.40 with roughly 7 years left on the tax abatement. The estimated annual rent increases are 1.5-3%. The units feature hardwood flooring, stone countertops, gray shaker cabinetry, and all have washers and dryers in the units, the upper unit has a roof top deck. With an estimated net operating income of $91,867.60, this building is a cash flow machine and will be a great addition to any investors portfolio! The location is great, just a short walk to Temple's campus for students.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Daylight, Partial, Full, Fully Finished
Interior
Interior Features Built-Ins, Carpet, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Wood Floors
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Hardwood, Vinyl
Equipment Built-In Microwave, Dishwasher, Dryer, Freezer, Microwave, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer, Water Heater
Appliance Built-In Microwave, Dishwasher, Dryer, Freezer, Microwave, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer, Water Heater
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,High,9'+ Ceilings
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321248900
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with James J Romano • Keller Williams Real Estate-Conshohocken