Description
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.
Location
Similar Listings
$350,000,000
MLS# MDAA459832
ACTIVE
Courtesy of: Long & Foster Real Estate, Inc.
3 Beds
2 Baths
1,045 Sq ft
$189,900,000
MLS# 638164
ACTIVE
Courtesy of: VIRGINIA CAPITAL REALTY LLC
3 Beds
2 Baths
2,849 Sq ft
$49,300,000
MLS# 1004386171
Hold
Courtesy of: RE/MAX Crossroads
7 Beds
12 Baths
25,500 Sq ft
$45,000,000
MLS# VAFX2044570
ACTIVE
Courtesy of: Compass
$45,000,000
MLS# VAAB102254
ACTIVE
Courtesy of: TTR Sotheby's International Realty
$45,000,000
MLS# VAAB2000232
ACTIVE
Courtesy of: TTR Sotheby's International Realty
$45,000,000
MLS# VAAB2000284
ACTIVE
Courtesy of: TTR Sotheby's International Realty
8 Beds
13 Baths
33,000 Sq ft
$39,000,000
MLS# VAFX2067572
ACTIVE
Courtesy of: TTR Sotheby's International Realty
$34,000,000
MLS# PACT2013188
CONTRACT
Courtesy of: Kurfiss Sotheby's International Realty
$30,000,000
MLS# VAFB116694
ACTIVE
Courtesy of: Coldwell Banker Elite
23 Beds
16 Baths
25,939 Sq ft
$29,950,000
MLS# VAFQ159458
ACTIVE
Courtesy of: McLean Faulconer Inc, Realtors
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Courtesy of: Bainbridge Realty LLC 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: 1st February, 2023 2:12 AM (UTC)
