Price Reduction

Address

1910 N Gratz Street Philadelphia, PA

Type

Multi-Family

Price

$ 510,000

Property Attributes

MLS#PAPH978044
TypeMulti-Family
CountyPHILADELPHIA
CityPhiladelphia
Area19121
NeighborhoodTEMPLE UNIVERSITY
Zip19121
StyleContemporary
Year Built2012
Taxes1057
Price$ 510,000
Bedrooms7
Full Bathrooms0
Half Bathrooms0
Lot Size1,307 SqFt

Listing Provided Courtesy Of:

Keller Williams Real Estate - Newtown

Data Source:

Bright MLS

Property Description

MULTIFAMILY with 7 Bedrooms and 4 Bathrooms. Grow your investment portfolio quickly with these income Opportunity. Currently making a CASH FLOW of $50,400 per year fully leased, Total Expenses are $3,497 per year, NOI $46,943 and CAP RATE OF 8.4% per year. The property is located three blocks from Temple University's Main Campus and broad St., between W. Berks St. and W Norris St. The property is only 8 years old since was built with central air and completely upgraded last year. Each building has two bilevel apartments. Students occupied. Huge apartments, each level around 950 sqft,2 bedroom on each level with a bathroom. Conveniently located within walking distance to Broad Street Line subway and Temple University. It is New Construction developments around each corner. This property is perfect for student rentals! Schedule an appointment to see this multi-family property today! **Tenants living in Units now**.

Price History
1/20/2021	Listed $560,000
3/10/2021	6% - $530,000
4/16/2021	4% - $510,000

General Features

Acceptable Financing	Conventional, Cash
Accessibility	2+ Access Exits
Appliances	Dishwasher, Dryer - Electric, Washer/Dryer Stacked
Architectural Style	Contemporary
Construction Materials	Masonry
Cool Fuel	Electric
Cooling	Central A/C
County	PHILADELPHIA
Days on Market	85
Flooring	Hardwood, Carpet
Garage Y/N	No
Heating	Forced Air
High School District	THE SCHOOL DISTRICT OF PHILADELPHIA
Interior Features	Carpet, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Efficiency
MLS Area	19121 (19121)
New Construction	No
Numberofunitsvacant	2
One Bedroom Units Count	1
Other Structures	Above Grade, Below Grade
Ownership	Fee Simple
Possession	120-180 Days
Price Per Sq Ft	203.11
Property SubType	Duplex
Property Type	Multi-Family
PropertyCondition	Excellent, Very Good
Rent Control Y/N	No
Sewer	Public Sewer
Single Room Units Count	7
Structure Type	End of Row/Townhouse
Subdivision Name	TEMPLE UNIVERSITY
Tax Annual Amount	1057.0
Tax Lot	147
Tax Year	2020
Total Rooms	7
Total Units	2
Utilities	Cable TV Available, Electric Available
Vacation Rental Y/N	No
Water Access Y/N	No
Zoning	RM1

Interior Features

Central Air Y/N	Yes
Heating Fuel	Central
Heating Y/N	Yes
Hot Water	Electric
Living Area	2511
Three Bedroom Units Count	2

Exterior Features

Lot Dimensions	16.33 x 81.33
Lot Size Acres	0.03
Lot Size Source	Assessor
Lot Size Square Feet	1328.00
Navigable Water Y/N	No
Pool Y/N	No Pool
Type of Parking	On Street
Water Oriented Y/N	No
Water Source	Public
Water View Y/N	No
Waterfront Y/N	No