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Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,256 sqft
Price per Sqft $62
Subdivision Nicetown-Tioga
MLS Listing ID 1002672518
Sold Date 07/05/16
Style Other
HOA Y/N N
Abv Grd Liv Area 2,256
Originating Board TREND
Year Built 1929
Annual Tax Amount $1,298
Tax Year 2016
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 16X80
Property Description
GREAT OPPORTUNITY for immediate cash flow on turn-key operation with current 9% cap rate. This well-maintained triplex consists of 3 large 1-bedroom apartments currently rented to long-term tenants at below market rates. A savvy investor can easily increase the cap rate to 11% and enjoy a 21% ROI by making a few upgrades. Building has separate utilities, gas heat, new roof and updated mechanicals. Excellent location 2 blocks from Temple Health Sciences Campus. Near transportation and shopping. Don't miss out on this opportunity to get in on the ground floor in an area that is poised for development! Adjoining vacant lot (3246 N 15th Street) is included in the sale.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Natural Gas
Heating Gas
Cooling None
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 112173205
Ownership Fee Simple
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Bought with April Fullam • Keller Williams Real Estate-Blue Bell