$154,500
$165,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,440 SqFt
SOLD DATE : 05/31/2016
Key Details
Sold Price $154,500
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $107
Subdivision Temple University
MLS Listing ID 1002435130
Sold Date 05/31/16
Style Other
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,440
Originating Board TREND
Year Built 1916
Annual Tax Amount $598
Tax Year 2016
Lot Size 982 Sqft
Acres 0.02
Lot Dimensions 15X66
Property Description
Excellent turnkey investment opportunity with immediate cash flow! This 4 bedroom home near Temple University has been completely renovated top to bottom and has been occupied by Temple students for 6 years. House is being sold along with adjacent lot (2223 N. 17th). There are 8 months left on the current lease. NOI is over $19,000 and cap rate is 10.2%. Owner is willing to manage the property through the end of the lease. All systems are in excellent working order so no deferred maintenance. The adjacent lot is currently used as a large yard for the tenants however, another home or multi unit building could be built on it. Central air, new roof, gas heat and cooking, hardwood floors, new windows, alarm system, security door.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RSA5
Rooms
Other Rooms Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
Basement Full
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry Basement
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 161147300
Ownership Other
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Bought with Matin Haghkar • RE/MAX Plus