$350,000
$790,000
55.7%For more information regarding the value of a property, please contact us for a free consultation.
1,246 Sqft Lot
SOLD DATE : 05/21/2016
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID 1000025884
Sold Date 05/21/16
Style Other
HOA Y/N N
Originating Board TREND
Year Built 2014
Annual Tax Amount $2,318
Tax Year 2016
Lot Size 1,246 Sqft
Acres 0.03
Lot Dimensions 15X82 AND 15X98
Property Description
We are proud to present, on behalf of ownership, a 6 unit and 18 bedroom investment opportunity generating significant cash flow in Philadelphia, Pennsylvania. This is a 2 property package sale that includes both 2246 and 2254 N 12th Street. Both properties are also for sale individually and listed on the MLS. Just 2 blocks from Temple University's main campus, the college is experiencing tremendous growth and currently has over 28,000 students at its undergraduate campus. Both triplexes are complete with an ideal unit mix for this market. Over the last decade, a tremendous amount of 5 and 6 bedroom units have been developed in Temple's off-campus housing market. The 2, 3, and 4 bedroom units are extremely attractive to the student population, and that is exactly what these properties provide. Built in 2013 and 2014, both properties are basically brand new construction and contain high-end finishes. Complete with stainless steel appliances, granite countertops, 42 inch cabinets, and hardwood floors throughout, these properties were expertly built and perfect for the needs of this market. Additionally, each unit has its own HVAC system, hot water heater, and separate electric and gas meters. Considering Eric Blumenfeld's pending development projects at the Divine Lorraine and at the intersection of Spring Garden and Broad Street, and seeing Bart Blatstein about to turn the old headquarters of the Philadelphia Inquirer into a boutique hotel, as well as other pending projects along North Broad Street, the connection between Center City and Temple University's campus is about to be solidified. The market factors impacting this area and the smart design of these triplexes make this a killer investment opportunity. An offering memorandum is available to qualified investors. Many expenses are estimated.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Sprinkler System
Hot Water Other
Heating Gas
Cooling Central A/C
Flooring Wood, Tile/Brick
Fireplace N
Window Features Energy Efficient
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Fence Other
Utilities Available Cable TV Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 371230300
Ownership Fee Simple
Security Features Security System,Security Gate
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Bought with Walter S Flores • Realty Mark Cityscape