$499,000
$575,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
1,580 SqFt
SOLD DATE : 08/02/2021
Key Details
Sold Price $499,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,580 sqft
Price per Sqft $315
Subdivision Southwest Schuylkill
MLS Listing ID PAPH1019254
Sold Date 08/02/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 1,580
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,988
Tax Year 2021
Lot Size 1,552 Sqft
Acres 0.04
Lot Dimensions 16.00 x 97.00
Property Description
Location, location, location! Dont miss out on this fully-leased duplex that brings in $39k in annual income! Right across the street from University of the Sciences, and a short walk to the University of Pennsylvania main campus (700 meters). These units were renovated in 2015 and boast years of solid rental history with very high occupancy, and for good reason - the space and location are exceptional. Both units, which have the exact same layout, have spacious front porches with a beautiful view of the park. Each unit is complete with a large living area that extends into three bedrooms and a fully-upgraded kitchen with granite countertops, high-end cabinets, a tile backsplash and stainless steel appliances. Great income-producing property as is, however there are plenty of opportunities to add value by increasing square footage of existing units and even adding a third unit, as well as developing the unfinished basement. It is also within the UPenn enhanced forgivable loan catchment area. This property is zoned to legally allow 3 residential units. You can add a 3rd story convent to a triplex by right.
The house is less than a block away from Clark Park, arguably the best park in West Philly! They host tons of concerts and events during the summer, not to mention the Clark Park Farmers Market. Tenants are just a short stroll away from the beautiful Woodlands Community Garden. This is the perfect place to enjoy all the perks of city living while still having access to nature!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Basement Other
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 272148900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with George A Moscony • George A Moscony Real Estate
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