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 and easy to get to/from with I76, Vine Street Expwy and MLK Drive immediately contiguous while public transportation is just steps away. While you’re here, go a mere four doors down the street and see its “sister property” at 623 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 separately metered and paid by the tenants except water which currently runs approx $50/mo. Common area Washer/Dryer in basement. Buyers' Agents responsibility to confirm real estate taxes in light of latest assessment.
Units currently under rented at $1,000/month; the difference available to significantly impact future cap rate. Current area rents should be $1200-1250/mo. Cap rate assumes projected $1200/mo gross rents and $11,083 of annual expenses and assuming 2022 real estate tax expense
Both properties are rented except for unit left vacant for showings with mostly M2M tenants. Current tenants have expressed an interest to stay.
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: 10th December, 2022 4:24 AM (UTC)
Angie McDaniel is a licensed REALTOR® and subscribes to NAR's strict Code of Ethics, which is based on honesty, professionalism and the protection of the public. We fully support and operate in accordance with The Fair Housing Act.