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512 S 23RD ST Philadelphia, PA 19146
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Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $298
Subdivision Fitler Square
MLS Listing ID 1002699576
Sold Date 11/11/15
Style Other
HOA Y/N N
Abv Grd Liv Area 2,592
Originating Board TREND
Year Built 1916
Annual Tax Amount $7,010
Tax Year 2015
Lot Size 810 Sqft
Acres 0.02
Lot Dimensions 18X45
Property Description
Fantastic multi-unit in charming Fitler Square, just a short walk from Rittenhouse Square and University City! This building offers a common area courtyard making it a nice, quiet and private oasis in the midst of the city. Unit I is a wonderful 2 bedroom, 1 bath unit with open living room, wood flooring, nice eat-in kitchen with white cabinetry, granite counters and stainless steel appliances, spacious bedrooms and an all-new contemporary bath with oversized stall shower. Units J and K are both lovely 1 bedroom, 1 bath units with spacious, bright living rooms, nice kitchen nooks, multiple closets and nice full tile baths. All units have in-unit laundry. Tenants pay own gas and electric. Owner pays water. This is a great investment opportunity in a prime location! Rental demand has been strong and rents have consistently increased historically. A new owner could raise rents further in units J and K with just minor improvements. Unit I could also be an owner's unit for the right buyer. Operating expenses should remain low for years to come as the building is in sound condition, including up-to-date mechanical systems, premium grate drain basement drainage system (with transferable warranty), newer window system and roof, which comes with a 3 year warranty. The property is part of an HOA ($400 HOA fee per quarter) and is professionally managed. HOA fee covers expenses associated with all common elements: trash removal, walkways (including catwalks), landscaping, electric utility (lighting), liability and property insurance, snow and ice removal, etc.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 303097105
Ownership Fee Simple
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Bought with Joseph V Carter III • BHHS Fox & Roach-Center City Walnut