Courtesy of: Keller Williams Real Estate-Conshohocken
Purchase Type: Sale
MLS ID: PAPH2004430
Days On Market: 45
Year Build: 2017
Square Footage: 3,916 Sq ft
Lot size: 0.03
Style: Straight Thru
Property Type: Multi-Family
Property Subtype: Triplex
New Construction: No
Swimming Pool: No
Has Waterfront: No
School District: The School District Of Philadelphia
Address: 1950 N GRATZ ST
Neighborhood: Temple University
Do not miss out on the opportunity to add this income producing Temple University triplex to your portfolio! The building offers one 5 bed 5 bathroom unit and two 4 bedroom 2.5 bathroom units. All three units are already fully leased for the upcoming 2021-22 school year and commissions have already been paid! The gross annual income for the 2021-22 school year is $107,220 with estimated expenses at only $15,353.40 with roughly 7 years left on the tax abatement. The estimated annual rent increases are 1.5-3%. The units feature hardwood flooring, stone countertops, gray shaker cabinetry, and all have washers and dryers in the units, the upper unit has a roof top deck. With an estimated net operating income of $91,867.60, this building is a cash flow machine and will be a great addition to any investors portfolio! The location is great, just a short walk to Temple's campus for students.
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Courtesy of: Keller Williams Real Estate-Conshohocken Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th October, 2021 8:55 AM
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