$2,200,000
$2,560,000
14.1%For more information regarding the value of a property, please contact us for a free consultation.
1,440 Sqft Lot
SOLD DATE : 02/12/2018
Key Details
Sold Price $2,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID 1000298741
Sold Date 02/12/18
HOA Y/N N
Originating Board TREND
Year Built 1930
Annual Tax Amount $1,237
Tax Year 2017
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 16X90
Property Description
Rare Templ University Dental Grad School & Hospital vicinity investment opportunity to own 10 turnkey investment properties entailing 41 units on the same block with positive cash flow, No L&I violations, separate utilities and high tenant demand stays fully occupied! These apartment buildings are situated in the heart of TU Hospital expansion complex. Recent upgrades include new rubber roof, mechanical systems etc. Huge ROI upside with present rent schedule 45 to 60 per cent below market if rented to TU faculty or student body. These properties are available as a bundle acquisition with 1230, 1234, 1242, 1302, 1307, 1309, 1311, 1313,& 1315 Allegheny Ave for the assertive Monopoly Game player/investors. Note: All prospective investors are to provide pre-qualification proof of funds prior to showings. Detailed income and expenses and rent roll available upon request.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Tile/Brick, Wood, Carpet
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available
Waterfront N
Water Access N
Roof Type Flat
Road Frontage State
Parking Type On Street
Garage N
Building
Building Description Other, Fencing,Fire Alarm,Refrigerator(s)
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 431025400
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Mikhal Mary • KW Philly
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "