UPDATED:
11/14/2024 04:56 PM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,763 sqft
Price per Sqft $251
Subdivision West Powelton
MLS Listing ID PAPH2411522
Style Other
Abv Grd Liv Area 2,763
Originating Board BRIGHT
Year Built 2013
Annual Tax Amount $9,573
Tax Year 2024
Lot Size 1,494 Sqft
Acres 0.03
Lot Dimensions 20.00 x 75.00
Property Description
This 11-year-old, well-maintained, ground-up construction triplex features hardwood floors, in-unit laundry, stainless steel appliances, and large windows for natural light. Each unit has separate utilities (tenants pay except for water). The kitchens are equipped with shaker-style cabinets, granite countertops, dishwashers, garbage disposals, microwaves, and refrigerators.
The building consists of: Unit 1: 5-bedroom, 2-bath bilevel with a private yard, Unit 2: 2-bedroom, 1-bath with a private rear deck, Unit 3: 2-bedroom, 1-bath with a private roof deck
This fully occupied property has a solid rental history since its inception, providing immediate income for the buyer. With rents currently below market value, there is significant potential for rent increases and added value. The property is also positioned near several major development projects, including 3.0 University Place, Schuylkill Yards, uCity Square, and the Science Center, making it a strategic long-term investment.
This turnkey asset is ideal for both investors and owner-occupants. The property falls under the FHA limit for four-unit buildings and qualifies for Fannie Mae/Freddie Mac’s new 5% down owner-occupied multifamily program. With strong appreciation and rental growth prospects, this is a rare opportunity in a high-demand area.
Licensed PA salesperson with ownership interest.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Wood, Tile/Brick
Inclusions Attached appliances, washers, dryers, refrigerators
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 061221800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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