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Key Details
Sold Price $2,485,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $207
MLS Listing ID PAPH1014020
Sold Date 07/27/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $28,705
Tax Year 2021
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 70 x 82
Property Description
Temple University off-campus student housing opportunity in A++ location on Sydenham Street, one-half block off Cecil B Moore Avenue, the heart of Main Campus. Well-maintained eleven-unit property, consisting of three contiguous properties, with a ten year operating history at 100% occupancy. The three properties located at 1613-17 N Sydenham consist of one Triplex and two Quads. In total, the unit mix includes four 4-bed/2 full baths, three 3-bed/1.5 baths, and four 2-beds/1 bath, totaling 33 beds. Gas and electric utilities are separately metered and paid by tenants. Spacious layouts with hardwood floors throughout and private enclosed outdoor areas for all first floor tenants.75% pre leased for the 2021-22 School year beginning August 1st 2021! Great income producing opportunity with annual gross income of over $255,000! Cosmetic value-add opportunity to increase rents even further. With this location, it will not last long, schedule your showing today before this opportunity is gone! Remain 100% occupied, and great collection throughout COVID-19 Pandemic.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 471201000
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with PHILLIP ZHAO • Liberty Real Estate