Description
$40,000 PRICE REDUCTION!!! Price dropped from $459,900. Also, Seller recognizes real estate taxes are way overstated but were not appealed. Seller will consider an adjustment or credit for the difference between 2023 taxes based on assessment and tax calculation amount based on contract sale price.. ..call listing agent for any questions. Attention Investors!! Don+GGt wait! 2015 renovated legal Triplex in the Mantua/University City area; just blocks from UPenn, Drexel, the Zoo, Mann Music Center and Art Museum. Easy to get to/ from with I76, Vine Street Expwy with MLK Drive immediately contiguous and public transportation steps away. All units in the building are similar including: unit layout, color scheme, kitchen amenities, appliances, granite countertops, hardwood floors, etc. Each is a 2bd/1bath units and all renovated from the studs out in 2015 including all new electrical, HWH, appliances, one or more of the forced air Heating units replaced, Fire Alarm system (recent inspection), etc; keep your maintenance costs at a minimum! All utilities separate and paid by the tenants except water. Common area Washer/Dryer in basement. Buyers' agent responsible for confirmation of real estate taxes given recent Phila re-assessment.Remaining tenant(s) long term and are under rented at $1,000/month, the difference available to significantly impact future cap rate. Units should rent closer to $1350/mo. Cap Rate based on projected annual rents @ $1350/mo and 2022 real estate tax rates.Current tenant(s) are M2M tenants. All of the units are similar. Note: AC is window units.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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2,667SQFT
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$157$/SQFT
Description
$40,000 PRICE REDUCTION!!! Price dropped from $459,900. Also, Seller recognizes real estate taxes are way overstated but were not appealed. Seller will consider an adjustment or credit for the difference between 2023 taxes based on assessment and tax calculation amount based on contract sale price.. ..call listing agent for any questions. Attention Investors!! Don+GGt wait! 2015 renovated legal Triplex in the Mantua/University City area; just blocks from UPenn, Drexel, the Zoo, Mann Music Center and Art Museum. Easy to get to/ from with I76, Vine Street Expwy with MLK Drive immediately contiguous and public transportation steps away. All units in the building are similar including: unit layout, color scheme, kitchen amenities, appliances, granite countertops, hardwood floors, etc. Each is a 2bd/1bath units and all renovated from the studs out in 2015 including all new electrical, HWH, appliances, one or more of the forced air Heating units replaced, Fire Alarm system (recent inspection), etc; keep your maintenance costs at a minimum! All utilities separate and paid by the tenants except water. Common area Washer/Dryer in basement. Buyers' agent responsible for confirmation of real estate taxes given recent Phila re-assessment.Remaining tenant(s) long term and are under rented at $1,000/month, the difference available to significantly impact future cap rate. Units should rent closer to $1350/mo. Cap Rate based on projected annual rents @ $1350/mo and 2022 real estate tax rates.Current tenant(s) are M2M tenants. All of the units are similar. Note: AC is window units.
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