INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Three-unit building, 2020 construction, 14 bedrooms and 8 bathrooms across 4,297 sq ft. Tax abatement in place through 2030: real estate taxes currently run approximately $1,219 per year against roughly $12,699 at full assessment — a difference of about $11,480 annually, or $45,920 over the remaining term. Purchasers should underwrite the step-up on expiry.
Unit 1 — 6 bed / 3 bath, currently vacant, four bedrooms on the below-grade ground floor
Unit 2 — 2 bed / 2 bath, $1,450/month
Unit 3 — 6 bed / 3 bath, $4,650/month
Units 2 and 3 are leased at market for the 26/27 season, together producing $73,200 annually. Unit 3 was repositioned from four tenants at $2,750 to six at $4,650 — a 69% increase, already executed. Common roof deck and rear patio. The asking price is set against income in place today rather than on a stabilised basis, so a purchaser acquires the lease-up on Unit 1 rather than paying for it. Walking distance to Temple University Main Campus and the Broad Street Line. Offering memorandum with full rent roll and operating statement available on request. All figures subject to independent verification.
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Listing Snapshot
Price
$999,900
Days On Site
5 Days
Bedrooms
1
Inside Area (SqFt)
4,297 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
2019
MLS® Number
PAPH2668006
Status
Active
Property Tax
$2,539
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.04
Foundation
Block
Parking
On Street
Property Condition
New Construction
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4297
SqFt Total
4297
Style
Contemporary
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Electric Water Heater
Basement
Finished
Cooling
Central AirElectric
Heating
ElectricForced Air
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Exterior Features
Pool Features
None
Roof
Flat
Community Features
MLS Area
19121 (19121)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut