$310,000
$357,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
1,728 SqFt
SOLD DATE : 03/13/2024
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $179
Subdivision Sharswood
MLS Listing ID PAPH2305522
Sold Date 03/13/24
Style Other
Abv Grd Liv Area 1,728
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,322
Tax Year 2023
Lot Size 930 Sqft
Acres 0.02
Lot Dimensions 16.00 x 65.79
Property Description
Introducing 1729 N 24th Street - The Cashflow Building
Discover this meticulously renovated multi-family triplex nestled in the heart of the ever-expanding North Philadelphia, specifically within the Temple University vicinity. Designed for the discerning investor/owner, this property boasts a complete transformation with no compromises. The 5 bed/3 bath layout features a range of brand-new upgrades, including hardwood floors throughout all units, a state-of-the-art HVAC unit, a new water heater, and modern kitchens with an eat-in area, granite countertops, and stainless steel appliances. The bathrooms have been stylishly updated with new fixtures, vanities, and flooring. Additionally, a generously sized private backyard provides an ideal space for entertaining.
Each unit is thoughtfully designed, with the first unit offering 2 bedrooms and a full bath, projected to lease for $1,764. The second unit features one bedroom and one full bathroom, currently leased at $800 can rent for $1,467. The third-floor unit comprises two bedrooms and a full bathroom, a bi-level apartment with a projected lease of $1,764. All units showcase open floor plans, abundant natural light, and spacious rooms.
The basement, with its freshly finished walls and floor, presents a canvas for your creative vision, whether you complete it for additional living space or storage. You can use this opportunity, strategically located just minutes away from Temple University, Drexel University, and Fairmount Park. The surrounding area boasts an array of dining options, placing you in the epicenter of the action.
As you enjoy a remarkable 12.2% return on your investment, take note of the stabilized pro forma analysis for a comprehensive overview of the numbers. Act now and make this investment opportunity yours!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Cooling Central A/C
Flooring Carpet, Hardwood
Fireplaces Number 2
Fireplace Y
Heat Source Electric
Exterior
Utilities Available Electric Available
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 472193500
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Andrew Sutton • KW Empower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "