Attention Investors!! Don't wait! 2015 renovated legal Triplex in the Mantua/University City area; just blocks from UPenn, Drexel, the Zoo, Mann Music Center and Art Museum. Easy to get to/ from with I76, Vine Street Expwy with MLK Drive immediately contiguous and public transportation steps away. While you're here, go a mere four doors up the street and see its "sister property" at 615 N 32nd St, also for sale with virtually the same attributes including: unit layout, color scheme, kitchen amenities, appliances, granite countertops, hardwood floors, etc. Each of these awesome properties have 3 x 2bd/1bath units. All totally renovated from the studs out in 2015 including all new electrical, HWH, HVAC, appliances, Fire Alarm system (recent inspection), etc; keep your maintenance costs at a minimum! All utilities separate and paid by the tenants except water which currently runs $50/mo. Common area Washer/Dryer in basement. Tenants have expressed an interest to stay with new owner. Buyers' agent responsible for confirmation of real estate taxes given recent Phila re-assessment.All units currently have longer term tenants and are under rented at $1,000/month, the difference available to significantly impact future cap rate. Units should rent between $1200-1250/mo. Cap Rate based on projected annual rents @ $1200/mo and 2022 real estate tax rates.Both properties are occupied with mostly M2M tenants. All of the units are similar. Current tenants have expressed an interest to stay.
Property Type(s): Multi Family
|Last Updated||10/3/2022||Year Built||1935|
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|BASEMENT||Walkout Stairs, Yes|
|LOT||1742 sq ft|
|LOT DIMENSIONS||17.00 x 99.00|
|STYLE||Interior Row/Townhouse, Straight Thru|
|UTILITIES||Multiple Phone Lines|
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Listing provided by Bainbridge Realty LLC
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Data last updated: 12/5/22 7:56 PM PST
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