1 of 51
Tools
Size
1,231 Sq Ft.
interior
Financial
$675,000
Verkauft 11-01-21
$548
Price Per Sqft
$4,146
Annual taxes
Listing Details
Duplex Homes
Immobilienart
2015
Baujahr
6030035
Web-ID
2759534-PAPH1005434
MLS-ID
1273
Days Posted
Beschreibung
1933 N Gratz St,
Philadelphia,
PA
19121
Philadelphia, PA 19121
This newly constructed property is a fully occupied 9 bedroom duplex leased for $6,075 per month through 8/1/2021, and is being offered at a 7.2% cap rate. The property is located just a few blocks from the Temple University main campus, has the remainder of a 10 year tax abatement, and is 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. The building includes a roof deck which is very unique for student rental properties at Temple University. The Temple University rental market has been consistently strong over the last several years, with average rent prices increasing on new construction inventory. The property is located on a popular student block, with several multi-family projects just completed within the last 12 months, 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.
Preisentwicklung
date | price | variance | type | global |
---|---|---|---|---|
11/1/2021 | $675,000 | - | Verkauft | view listing |
Listing By: JBMP Group via Data Source: Bright MLS
Listing-Agent: Jonathan Beaulieu