$740,000
$775,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1,880 Sqft Lot
SOLD DATE : 10/23/2017
Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID 1000429633
Sold Date 10/23/17
Style Other
HOA Y/N N
Originating Board TREND
Year Built 2017
Annual Tax Amount $112
Tax Year 2017
Lot Size 1,880 Sqft
Acres 0.04
Lot Dimensions 20X94
Property Description
Incredible investment opportunity near Temple University! Introducing 1423 N. 18th Street, this new construction triplex offers 3 separate units with separate meters for electric and quality finishes that will attract great rents. Unit 1 offers the first floor, the full finished basement and the back yard. With 4 bedrooms and 4.5 bathrooms (one in every bedroom) and tons of common living space, in-unit laundry, high efficiency HVAC system, PEX manifold plumbing system this unit will conservatively generate $2200 per month - if not more! The second and third floor units each offer 4 beds and 4 baths with in-unit laundry and an eat in kitchen. These two units will each conservatively generate $2000 in monthly rental income. This property can be a blue chip addition to your investment portfolio! Don't miss out on this cash cow. The home also has a pending tax abatement which will decrease your expenses for the next 10 years. Expected delivery date is in August 2017.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Electric
Heating Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Laundry Has Laundry
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 471290110
Ownership Fee Simple
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Bought with Raymond M Peslar Jr. • KW Philly
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "