Philadelphia, PA 19121,1707 W MASTER ST
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Philadelphia, PA 19121,1707 W MASTER ST
Philadelphia, PA 19121,1707 W MASTER ST
Philadelphia, PA 19121,1707 W MASTER ST
Philadelphia, PA 19121,1707 W MASTER ST
Listed by Jonathan Beaulieu • JBMP Group
Bought with Steven Osiecki • RE/MAX Access

$1,040,000

Est. payment /mo

$1,150,000

9.6%
Est.Price: ?

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

SOLD DATE : 08/09/2022

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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Bright MLS (BMLS)
agent

John Boguslaw

Agent | RS 341285

+1(267) 587-6693

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