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Key Details
Sold Price $405,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $196
MLS Listing ID PAPH2286338
Sold Date 04/01/24
Style AirLite
Abv Grd Liv Area 2,064
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $4,234
Tax Year 2022
Lot Size 1,120 Sqft
Acres 0.03
Lot Dimensions 16.00 x 70.00
Property Description
This cash flowing triplex near Drexel University's campus is ready to be added to your portfolio! Boasting three units, this terrific investment opportunity features a leased commercial storefront, a 1 bedroom, 1 bathroom bilevel apartment, and an easy to rent vacant studio that could also be perfect for an owner occupant. This well-maintained building has separately metered gas and electric, and two of the units have their own forced air heating and air conditioning systems. The tall basement height with street egress is suitable for storage and the backyard accessed from the 1st floor unit and overlooks a renovated playground. Located in a highly desirable area, this property benefits from its proximity to Drexel University and University City, ensuring a constant flow of potential tenants. Unit 1- commercial with backyard and basement access (basement is not included in the lease), $1500/month; Unit 2 - studio apartment estimated rent is $800/month; Unit 3 - 1 bedroom/ 1 bathroom $1200/month for an estimated 9% cap rate. Don't miss the opportunity to add this income-generating triplex to your real estate portfolio.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX1
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 242048200
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John Wylie • Compass RE
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John Martinich
Co-Owner | License ID: VA-0225221526
Co-Owner License ID: VA-0225221526