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Off market

Buy a townhomeat 2217 N PARK AVENUE, PHILADELPHIA, PA 19132

$450,000

$0/mo

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Multifamily

2,146 Sq. Ft.

1,306 Sq. Ft. lot

906 Days on market

PAPH2038546 MLS ID

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About 2217 N PARK AVENUE townhome

Welcome to 2217 N Park Ave. This property is being sold as a 3 property, 9-unit package for $1,560,000. The three properties are 2217 N Park Ave, 2252 N Park Ave, and 2128 N 16th. All three properties are located within the highly desirable Temple University submarket. Each property is a triplex consisting of 3 (3 beds 1 bath). The total unit count is 9 units with 27 beds. The rents are all provided in attached PDFs with an overview, value add, financing, and amortization schedule. Current rents are 25% below market value allowing the new owner to increase rents for the 2022-2023 school year which will yield immediate returns. The average unit rent can be increased to $1400. This package is perfect for a seasoned investor looking to add value to their portfolio, grow their Temple University footprint, and or for a new investor looking to get into student housing.
Welcome to 2217 N Park Ave. This property is being sold as a 3 property, 9-unit package for $1,560,000. The three properties are 2217 N Park Ave, 2252 N Park Ave, and 2128 N 16th. All three properties are located within the highly desirable Temple University submarket. Each property is a triplex consisting of 3 (3 beds 1 bath). The total unit count is 9 units with 27 beds. The rents are all provided in attached PDFs with an overview, value add, financing, and amortization schedule. Current rents are 25% below market value allowing the new owner to increase rents for the 2022-2023 school year which will yield immediate returns. The average unit rent can be increased to $1400. This package is perfect for a seasoned investor looking to add value to their portfolio, grow their Temple University footprint, and or for a new investor looking to get into student housing.

Property details

House

2,146 sqft living area

Built in 1915

Structure Type: Interior Row/Townhouse

3 units in building

Traditional

Masonry

Cooling

Central Air

Electric

Central A/C

Foundation

Slab

Heating

Electric

Forced Air

Listing

449 days on market

$210 per sqft

Property Sub Type: Triplex

Location

Municipality: PHILADELPHIA

County: Philadelphia

MLS Area: 19132 (19132)

Lot

1,472 sqft

Lot Size Dimensions: 16.00 x 92.00

0.03 acres

Property

Other Structures: Above Grade,Below Grade

Other Units: Unit 1,Unit 2,Unit 3

3 three-bedroom units

Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Sewer

Public Sewer

Taxes

City/Town Tax: $1,293

City/Town Tax Pymnt Freq: Annually

School Tax: $1,572

Tax Annual Amount: $2,865

Tax Year: 2023

Utilities

Hot Water: Electric

Monthly cost

Estimated monthly cost

$3,175/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$423,000

+$13,500

$436,500

Seller agent commission$13,500 (3%)*

$0 (0%)

Buyer agent commission$13,500 (3%)*

$13,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $13,500 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: Aug 8, 2023 at 4:32 p.m.

Data updated: Jan 17, 2023 at 3:39 p.m.

Courtesy of Luke Chadwick, Keller Williams Philly
This content last updated on 01/17/2023.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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