Bought with Steven Osiecki • RE/MAX Access
$1,040,000
$1,150,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
1707 W MASTER ST Philadelphia, PA 19121
7,096 SqFt
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,096 sqft
Price per Sqft $146
MLS Listing ID PAPH2017002
Sold Date 08/09/22
Style Other
HOA Y/N N
Abv Grd Liv Area 7,096
Year Built 2013
Available Date 2021-08-06
Annual Tax Amount $10,553
Tax Year 2022
Lot Size 2,138 Sqft
Acres 0.05
Lot Dimensions 22.50 x 95.00
Property Sub-Type Other
Source BRIGHT
Property Description
Incredible investment opportunity to acquire 8 fully leased units at Temple University at a 7.65% cap rate. The building consists of 1, 2 and 3 bed units with open concept layouts, hardwood floors, central heating/cooling, in-unit washer/dryer, dishwasher, garbage disposal, and upgraded finishes. Located just south of Temple University, the building has typically attracted undergraduate students, however has recently seen interest from market rate renters as new construction development in Francisville has pushed north into 19121. The property was built as new construction 8 years ago and has two years remaining on the tax abatement. The surrounding area is exploding with new construction development, featuring residential homes selling for $400k+, market rate multi-family development, and large scale commercial development. This opportunity will not last long, schedule your tour today. Matterport 3D tours and flooplans are available in the documents/videos section, and additional marketing info can be sent upon request.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881146277
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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