Philadelphia, PA 19132,2353 N PARK AVE
Philadelphia, PA 19132,2353 N PARK AVE
Philadelphia, PA 19132,2353 N PARK AVE
Philadelphia, PA 19132,2353 N PARK AVE
Philadelphia, PA 19132,2353 N PARK AVE
Philadelphia, PA 19132,2353 N PARK AVE
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$369,000

$399,900

7.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3,120 SqFt


SOLD DATE : 03/31/2023

Key Details

Sold Price $369,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $118

Subdivision Temple University

MLS Listing ID PAPH2182500

Sold Date 03/31/23

Style Traditional

Abv Grd Liv Area 3,120

Originating Board BRIGHT

Year Built 2013

Annual Tax Amount $6,047

Tax Year 2023

Lot Size 1,712 Sqft

Acres 0.04

Lot Dimensions 16.00 x 107.00

Property Description

Calling all investors/house-hackers! Here's your opportunity to purchase a freshly turned over duplex, right off of Temple University's campus, at 2353 N Park Avenue. This newer construction duplex (Built in 2013) features two bi-level units; a 4 bed/2 bath unit on the first floor and basement level and a 5 bed/2 bath unit on the second and third floors. Each unit features a mixture of hardwood flooring & carpet flooring (mainly in the bedrooms) and are equipped with "mid-grade" finishes which are more than good enough for student housing. Cherry-red cabinetry, granite countertops, tiled backsplash and stainless steel appliances are featured in both units. This is located just one block off of North Broad Street and four blocks away from Temple's Main Campus. Not to mention, there's also a shuttle bus service that transports students from Main Campus to their respective off-campus apartments/homes. Unit 1 is projected to rent out for at least $2,000/month while Unit 2 is projected to rent out for $2,500/month. *These rents have been achievable by current ownership in the past. Using these numbers and conservatively putting 25% of revenue aside for expenses/reserves, this building is priced at a 10.12% Cap Rate! The entire building has been professionally cleaned, re-painted, and laid with new carpeting in the common area hallway and bedrooms. This is also an excellent opportunity to AirBnB the entire building to achieve higher rental income versus standard market rate rents. With an abundance of over-priced, multi-family inventory all throughout Temple University, here we have an appropriately priced offering that's now available and fully turn-key. Please inquire with the listing agent for more specific financials on the property.

Location

State PA

County Philadelphia

Area 19132 (19132)

Zoning RM-1

Rooms

Basement Fully Finished

Interior

Hot Water 60+ Gallon Tank

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility 2+ Access Exits

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 371286001

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Daniel Tae Kim • KW Philly
Bought with Sin S Su • Realty Mark Cityscape-King of Prussia
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14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151

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