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Pennsylvania 19121 PHILADELPHIA SUSQUEHANNA 1630 W SUSQUEHANNA AVE

1630 W SUSQUEHANNA AVE
PHILADELPHIA, PA 19121

$700,000 
  • -- Beds
  • -- Baths
  • 2,162 sqft
  • Residential Income | Row/Town/Clu
  • Active
1630 W SUSQUEHANNA AVE, PHILADELPHIA - 32589348

Property Description for 1630 W SUSQUEHANNA AVE, PHILADELPHIA PA 19121

TURN KEY INVESTMENT PROPERTY NEAR TEMPLE UNIVERSITY with 8.85% Cap Rate!!! Excellent opportunity for a new investor to get into the student housing market or for a seasoned investor to add to an existing portfolio. This property was completely rebuilt from the ground up in 2013. 6 years left on the tax abatement. Everything except the front facade and side walls is new. All new electric, plumbing, french drain, heating/cooling system, hot water heaters, windows, insulation, flooring and walls. Roof has a 10 year warranty. Apartments have hardwood floors in the common area and bedrooms and ceramic tiles in the bathrooms. Kitchens have granite countertops, cherry cabinetry, dishwashers and microwaves. Each unit is equipped with a HE washer/dryer. The building has a sprinkler system, hard-wired monitored fire alarm system, security cameras and in-unit video monitors. All utilities are separated. Tenants pay electric. Landlord pays water and wifi. Opportunity to increase the rent roll by renting the commercial space on the first floor. Less than 10 minutes walk to Temple's main campus and the Broad Street Line. Very easy commute to Center City. Please note: This property is being offered as a package with 1628 W Susquehanna. Each building has 4 units (1 commercial space, 1 4bd/2ba, 2 2bd/1ba) for a total of 8 units in the package. Gross Rent of $75,990.00 is for both properties. Taxes of $1122 is for 1630 W Susquehanna. Taxes for 1628 W Susquehanna are $875. Offered price for individual building is $369,000. See also MLS # 7035430.

  • Property Class: Multi-Family
  • Listing Status: Active
  • City: PHILADELPHIA
  • State: PA
  • Zip: 19121
  • Area: Philadelphia – 19121
  • Class: Residential Income
  • Property Subtype: Row/Town/Clu
  • Approx Lot Size: 0.020
  • Baths (F/H): -- / --
  • Living Area (SqFt): 2,162 sqft
  • Lot Sq Ft Apx: 1005.00
  • Year Built: 2013
  • Listing#: 7035497
  • School District: Philadelphia
  • Tax Year: 2017
  • List Date: 8/1/2017
  • Last updated on: 8/17/2017

Property Features for 1630 W SUSQUEHANNA AVE, PHILADELPHIA PA 19121

  • Basement Type: Full
  • Exterior: Stucco, Brick
  • Property Age: 4
  • Garage Spaces: Nogarage
  • Laundry Type: Washerinunit, Dryerinunit
  • Sewer Septic: Public Sewer
  • Cooling: Central A/C
  • Handicap: None
  • Hot Water: Electric
  • Water: Public
  • Design: Triplex
  • Heating: Electric
  • Parking: Street

Additional Information for 1630 W SUSQUEHANNA AVE, PHILADELPHIA PA 19121

  • School District: Philadelphia
  • Annual Gross Income: 75990.00
  • Annual Gross Expense: 14062.00
  • Annual Insurance Expense: 5432.00
  • Annual Other Expense: 4339.00
  • Basement: True
  • Building Floors: 3.00
  • Central Air: True
  • Improv Assessed Amt: $43,158
  • Lot Dimensions: 15X67
  • Lot Number: 265
  • New Construction: False
  • Ownership: Fee Simple
  • Total Assessment: 80122.00
  • Water Front: False
  • Beds Unit1: 4
  • Baths Full Unit1: 2
  • Unit1 Lease End: 7/2018
  • Beds Unit2: 2
  • Baths Full Unit2: 1
  • Unit2 Lease End: 7/2018
  • Beds Unit3: 2
  • Baths Full Unit3: 1
  • Unit3 Lease End: 7/2018
  • Total Taxes: $1,122
  • Listing Area: Philadelphia – 19121
  • Subdivision: Temple University
  • Partial Bath Unit4: 1
  • Listing ID: 7035497
Courtesy of Main Line Investors Group
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