Listed By:
KW Empower
Address
1913 N 23Rd Street, Philadelphia, PA
Price
$ 533,000
Property Attributes
  • MLS#PAPH2285666
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • NeighborhoodBrewerytown
  • Zip19121
  • StyleTraditional
  • Year Built1915
  • Taxes$ 1101
  • Price$ 533,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description

Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.

Price History
10/25/2023 Listed $533,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Zoning RSA5
Pool Y/N No Pool
Architectural Style Traditional
Construction Materials Masonry
Year Built 1915
Property SubType Triplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 51600.00
Accessibility None
County PHILADELPHIA
Net Operating Income 44960.00
Operating Expense 6640.00
New Construction No
Property Type Multi-Family
Subdivision Name BREWERYTOWN
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions On N 23rd Street.
ModificationTimestamp 2024-02-22T00:22:18
City PHILADELPHIA
Buyer Agent Compensation 2
Total Units 1
MLS Area 19121 (19121)
Lot Size Square Feet 1331.00
Tax Assessed Value 78700.0
Waterfront Y/N No
Number of Units Leased 3
Street Name 23RD
Tax Annual Amount 1101.0
Two Bedroom 2
Structure Type Interior Row/Townhouse
One Bedroom Units Count 1
Other Units Unit 1,Unit 2,Unit 3
Price Per Sq Ft 289.83
Vacation Rental Y/N No
Virtual Tour https://northphillyportfolio.myportfolio.com
Total SQFT 1839
Days on Market 189
Standard Status Active
Year Built Source Assessor
Tax Lot 27
Total Actual Rent 51600.00
Cap Rate 8.40
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N Yes
LivingAreaSource Assessor

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code O50
Foundation Details Slab
Water View Y/N No
Lot Dimensions 18.00 x 75.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 15700.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19121

Price
AVG $620K
$530K
Taxes
AVG $4,598
$1,101
Visits
AVG 284
469
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1915

Areas We Cover