1933 N Gratz St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
This 11 year old constructed property is a fully occupied 9 bedroom duplex with both units leased for $3,255 per month on a M to M basis. Both units are rented out at under market rent, giving the units great upside to any investor interested in purchasing the building. The property is located just a few blocks from the Temple University main campus surrounded by new student development. The property features a full rear yard and roof deck, which allows it to command a premium over market rents. The building consists of a lower 4 bedroom bi-level unit and an upper 5 bedroom bi-level unit, each with access to a private outdoor space. Both units also come with an almost 1 to 1 of bed to bathroom ratio, making this ideal for leasing. The building includes a roof deck which is very unique for student rental properties at Temple University. The property is located on a popular student block, with several multi-family projects just completed and additional projects on the way. With increased demand for new construction inventory in the immediate area, this offering presents the opportunity to acquire a unique student development in a rapidly appreciating market with the ability to increase rent over time.
Details
| MLS # | PAPH2685286 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2015 |
| Days On Site | 10 |
| Listing Provided By | Taylor Properties | Jahyung Jake Cho |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 2,565 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RM1 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5783 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $430,000 low | high Med: $145,000 sqft: 2,565 low | high Med: 1,038 $ / sqft: $168 low | high Med: $140 On site: 10 low | high Med: 10 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $430,000 low | high Med: $145,000 sqft: 2,565 low | high Med: 1,038 $ / sqft: $168 low | high Med: $140 On site: 10 low | high Med: 10 | |
