Price Reduction
Address
3225 Mount Vernon Street Philadelphia, PA
Price
$ 459,000
Property Attributes
  • MLS#PAPH987008
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • Zip19104
  • StyleStraight Thru
  • Year Built1930
  • Taxes2133
  • Price$ 459,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Common Ground Realtors
Data Source:
Bright MLS
Property Description

Great Investment Opportunity or Live / Rent Opportunity just a few blocks from Drexel University! This 1800+ sqft property is properly zoned for Duplex. Located just a five blocks from Drexel Campus and Drexel Park (as well as the Schuylkill Trail, this is a fantastic location for student renters, as well as travelers, and local residents. Rentals in the surrounding blocks are always at full capacity! Currently rented through August 31, 2021 (with an opportunity for renew 90 days prior) with Gross Rents of only $2,400 per month; there is much room to grow here as anticipated rents are $3,275 per month. This duplex houses a 1 bedroom, 1 bath and 3 bedroom, 1 bath units that have freshly updated, had new bathrooms installed in 2016, upgrades to kitchens with laundry added; and yet, there is much more room for growth. Central air can easily be added with existing ductwork and heating systems. All window A/C units and appliances are included in the sale. Situated close to all that University City has to offer and is not far from mass transit; including 30th street station, regional rail and Amtrak. Not only is the property located blocks from 30th Street station, it is less than half mile from the Schuylkill River Trail, the Art Museum and the Parkway! The property is also located blocks from the 7 million square foot UCity Square mix-use development, the $3.5 billion Schuylkill Yards Development and the forthcoming Platinum Corridor with 3.0 University Place. This will help for Philadelphia to cement its future as the national leader in the life sciences industries. Don't miss out on this fantastic income generating opportunity! Or live in one unit and rent the other to assist with your mortgage! This property is being sold "As is, Where is".

Price History
2/15/2021 Listed $479,900
3/3/2021 1% - $477,500
3/22/2021 1% - $475,900
4/3/2021 1% - $472,500
4/23/2021 1% - $471,000
4/27/2021 1% - $469,900
5/6/2021 3% - $459,000

General Features

Accessibility None
Architectural Style Straight Thru
Construction Materials Masonry
Cool Fuel None
Cooling None
County PHILADELPHIA
Days on Market 81
Garage Y/N No
Heating None
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19104 (19104)
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession 61-90 Days CD, 31-60 Days CD, 0-30 Days CD
Price Per Sq Ft 253.31
Property SubType Duplex
Property Type Multi-Family
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 2133.0
Tax Lot 101
Tax Year 2021
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Basement Other
Basement Y/N Yes
Central Air Y/N No
Heating Fuel Electric
Hot Water Electric
Living Area 1812
Three Bedroom Units Count 1

Exterior Features

Lot Dimensions 16.00 x 80.00
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1280.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking None
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 19104

Price
AVG $690K
$460K
Taxes
AVG $1,954
$2,133
Visits
AVG 51
33
Year Built
AVG 1933
1930
Walkscore
AVG 73
80
Data Provided by Walkscore ® not using MLS data