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Key Details
Sold Price $676,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,339 sqft
Price per Sqft $289
Subdivision Olde Kensington
MLS Listing ID PAPH2166730
Sold Date 08/11/23
Style Contemporary,Straight Thru,Other
Abv Grd Liv Area 2,339
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,052
Tax Year 2021
Lot Size 2,018 Sqft
Acres 0.05
Lot Dimensions 35.00 x 57.66
Property Description
Welcome to 1631 Germantown Avenue, the triplex you have been waiting for. A tremendous investor opportunity or for an owner-occupied setting. A fully remodeled and renovated triplex in Olde Kensington; one of the hottest and most thriving areas in Philly. This location is growing at rapid speeds. 1631 Germantown includes 3 separate units (condos or apartments), with 1 unit per floor in a 3-story property. Each unit offers a generously sized living/dining room combo, 2 very spacious bedrooms, 1-bathroom, great closet, and storage space and all the bells and whistles. There’s hardwood flooring throughout and each kitchen is furnished with stainless steel appliances giving a warmly desirable modern feel with great finishes. Each apartment has their own HVAC system, which includes central air and gas heat. Additionally, the 3rd floor unit offers a vaulted/cathedral style ceiling in the living room. Modern recessed lighting and large spaces make each apartment feel welcoming. Utilities are separately metered. Vacant and easy to show. Recent comparable leases in immediate vicinity for similar 2-bedroom 1-bathroom apartments have high value with low DOM. Great investment opportunity! There is an enormous amount of development in the area, including both residential and commercial. Numerous restaurants, pubs, grocery stores, pet supply stores and greenspaces are all nearby, as well Temple, Northern Liberties and Fishtown; all within a short walk away. Numerous Indego Bike Shares a short walk away, as well as phenomenal public transportation, including Girard Ave Trolley, the MFL and buses. Please call with any questions. Property is available for immediate possession. Room dimensions/measurements and 3D Matterport tour available upon request. Schedule your showing today, this is a must see rare opportunity.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C, Ceiling Fan(s)
Flooring Hardwood, Tile/Brick
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Septic
Water Public
Architectural Style Contemporary, Straight Thru, Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881078730
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Israel Villafana • Compass RE