$285,000
$309,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
1817 N GRATZ ST Philadelphia, PA 19121
5 Beds
2 Baths
1,608 SqFt
Key Details
Sold Price $285,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,608 sqft
Price per Sqft $177
Subdivision Temple University
MLS Listing ID PAPH2056646
Style Straight Thru
Bedrooms 5
Full Baths 2
Year Built 1949
Annual Tax Amount $2,252
Tax Year 2022
Lot Size 889 Sqft
Property Description
Pre-Covid, this was leased at $2800. Listing price is based on current Covid rent of $2200. Everyone at Temple took a haircut during the pandemic but the correction is here for the 2022 school year. A turnover and new lease, at current market rents, will add instant value of $40 - 60K. Take advantage of the coming correction and check this out.
Spacious, sunny and turnkey in Prime Temple. This 5 bed, 2 bath is in the heart of desirable student rental territory and will make a fantastic addition to any investor's portfolio. This well-maintained three story is consistently rented to Temple students on a single lease. A spacious living area is conducive for a 5 person household to sprawl out accordingly and a large fenced back yard is great for entertaining. There are 3 bedrooms on the second floor and 2 on the third - both have a full bathroom. Hardwood floors and durable finishes throughout make this an easy turnover with little maintenance.
The rear has previously been used as parking and is currently a large fenced in yard. Converting back to parking could significantly increase rents. Please conduct your own due diligence in confirm parking viability with L&I.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Other Rooms Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Laundry Basement
Exterior
Water Access N
Building
Lot Description Rear Yard
Story 3
Foundation Permanent
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing FHA, Exchange, Cash, FHA 203(k), VA
Listing Terms FHA, Exchange, Cash, FHA 203(k), VA
Special Listing Condition Standard
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Bought with Kelly Ann Gorman • KW Philly