$569,999

2329 N Park Ave

PHILADELPHIA PA, 19132

Description

3 UNIT MULTIFAMILY with 12 Bedrooms and 4 1/2 Bathrooms. 12 Rooms Fully occupied through July 2021 And Rent is Current. Seller is giving $10,000 credit per each room; if any room is vacant by the closing date upon agreeable price and terms of the sale. Grow your investment portfolio quickly with these income Opportunity. Currently making a CASH FLOW of $70,500 per year fully leased, Total Expenses are $15,851.95 per year, NOI $54,648.05 and CAP RATE OF 9.5% per year. The property is located two blocks from Broad Street, and a couple blocks from Temple University, between W Daulphin and W York St. The Basement is producing $12,600 per year; the 1st level is $18,180 per year. 2nd & 3rd levels are $40,020 per year. The units boast open floor plans, wood flooring throughout, and feature modern, high-end finishes, custom tile work, central air/heat, newer windows in each bedroom and best of all, a great return on investment. this building will make a great addition to your investment portfolio or be a great starter investment with one-year leases already in place. Conveniently located within walking distance to Broad Street Line subway and Temple University. It is New Construction developments around the corner on BROAD St. This property is perfect for student rentals! Schedule an appointment to see this multi-family property today! **Tenants living in Units now**

Details

MLS#PAPH851640
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1915
Days On Site269

Features

SQ Feet2,782
Units3
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Area Information
StatePA
CityPHILADELPHIA
Zip Code19132
Area19132 (19132)
Listing VS Median (in 19132)
Price:
$569,999
low | high
Med:
$45,000
100% of Average
SqFt:
2,782
low | high
Med:
0
100% of Average
$ / SqFt:
$205
low | high
Med:
$0
100% of Average
On Site:
269
low | high
Med:
50
100% of Average
Listing Updated: 08/13/2020
Diana Rivera LogoMLS Number: PAPH851640
Listing Provided By:
Diana Rivera  of  Keller Williams Real Estate - Newtown