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623 N 32ND ST, PHILADELPHIA, PA 19104 (MLS # PAPH2144950)

Price $459,900
Status Active
Beds n/a
Baths 0 Bath
Home size 2,667 sqft
Lot Size 1,743 sqft
Days on Market 66
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
Community PHILADELPHIA County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
AREA PHILADELPHIA
BASEMENT Walkout Stairs, Yes
CONSTRUCTION Masonry
HEAT Forced Air
HOA DUES None
LOT 1742 sq ft
LOT DIMENSIONS 17.00 x 99.00
SEWER Public Sewer
STYLE Interior Row/Townhouse, Straight Thru
TAXES 11446.00
UTILITIES Multiple Phone Lines
WATER Public
ZONING RM1

Location

 

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Listing provided by Bainbridge Realty LLC
BrightMLS

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Condo Shop participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than The Condo Shop are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2022 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 12/5/22 7:56 PM PST

This IDX solution is (c) Diverse Solutions 2022.

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