Address
1933 N Gratz Street Philadelphia, PA
Price
$ 745,000
Property Attributes
  • MLS#PAPH1005434
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • Zip19121
  • Style
  • Year Built2015
  • Taxes4146
  • Price$ 745,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
JBMP Group
Data Source:
Bright MLS
Property Description

This newly constructed property is a fully occupied 9 bedroom duplex leased for $6,075 per month through 8/1/2021, and is being offered at a 7.2% cap rate. The property is located just a few blocks from the Temple University main campus, has the remainder of a 10 year tax abatement, and is surrounded by new student development. The property features a full rear yard and roof deck, which allows it to command a premium over market rents. The building consists of a lower 4 bedroom bi-level unit and an upper 5 bedroom bi-level unit, each with access to a private outdoor space. The building includes a roof deck which is very unique for student rental properties at Temple University. The Temple University rental market has been consistently strong over the last several years, with average rent prices increasing on new construction inventory. The property is located on a popular student block, with several multi-family projects just completed within the last 12 months, and additional projects on the way. With increased demand for new construction inventory in the immediate area, this offering presents the opportunity to acquire a unique student development in a rapidly appreciating market with the ability to increase rent over time.

Price History
4/16/2021 Listed $745,000

General Features

Accessibility None
Architectural Style Other
Basement Fully Finished
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 21
Garage Y/N No
Heating Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19121 (19121)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession 0-30 Days CD, 31-60 Days CD
Price Per Sq Ft 290.45
Property SubType Duplex
Property Type Multi-Family
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 4146.0
Tax Lot 235
Tax Year 2021
Total Rooms 9
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1
Zoning Description Zoned for two units

Interior Features

Basement Y/N Yes
Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 2565

Exterior Features

Lot Dimensions 15.33 x 80.33
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1231.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

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

Property vs Zip Code Average in 19121

Price
AVG $560K
$750K
Taxes
AVG $2,834
$4,146
Visits
AVG 77
4
Year Built
AVG 1962
2015