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$459,900
623 N 32nd St, Philadelphia, PA 19104
3 Beds
0 Baths
2,667 SqFt

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Listing Provided By Bainbridge Realty LLC
Attention Investors!! Dont 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. While youre here, go a mere four doors up the street and see its sister property at 615 N 32nd St, also for sale with virtually the same attributes including: unit layout, color scheme, kitchen amenities, appliances, granite countertops, hardwood floors, etc. Each of these awesome properties have 3 x 2bd/1bath units. All totally renovated from the studs out in 2015 including all new electrical, HWH, HVAC, appliances, Fire Alarm system (recent inspection), etc; keep your maintenance costs at a minimum! All utilities separate and paid by the tenants except water which currently runs $50/mo. Common area Washer/Dryer in basement. Tenants have expressed an interest to stay with new owner. Buyers' agent responsible for confirmation of real estate taxes given recent Phila re-assessment. All units currently have longer term tenants and are under rented at $1,000/month, the difference available to significantly impact future cap rate. Units should rent between $1200-1250/mo. Cap Rate based on projected annual rents @ $1200/mo and 2022 real estate tax rates. Both properties are occupied with mostly M2M tenants. All of the units are similar. Current tenants have expressed an interest to stay.
  • Price:
  • $459,900
  • Bedrooms:
  • 3
  • Square Footage:
  • 2,667
  • Acreage:
  • 0.04
  • Year Built:
  • 1935
  • Listing ID #:
  • PAPH2144950
  • Street Address:
  • 623 N 32nd St
  • City:
  • Philadelphia
  • State:
  • Pennsylvania
  • Postal Code:
  • 19104
  • County:
  • Philadelphia
  • Community:
  • 19104 (19104)
  • Listing Status:
  • Active
  • Listing Type:
  • Multi-Family
School District: The School District Of Philadelphia
  • Basement Type:
  • Walkout Stairs
  • Building Condition:
  • Excellent
  • Dwelling Type:
  • Interior Row/Townhouse
  • Finished Above Ground Square Footage:
  • 2667
  • Finished Square Feet:
  • 2667
  • Flooring:
  • Hardwood
  • Foundation:
  • Brick/Mortar
  • Has Basement:
  • Yes
  • Number Of 2 Bedroom Units:
  • 3
  • Number Of Units:
  • 3
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Assessor
  • Style:
  • Straight Thru
  • Total Building Square Footage:
  • 2667
  • Year Built:
  • 1935
  • Year Built Source:
  • Assessor
  • Annual Insurance Expenses:
  • 2350.00
  • Annual Trash Expenses:
  • 350.00
  • Gross Income:
  • 36000.00
  • Net Operating Income:
  • 32500.00
  • Operating Expense:
  • 10700.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Rm1
  • Lot Description:
  • 17.00 X 99.00
  • Lot Square Footage:
  • 1683.00
  • Zoning Description:
  • Multi-Family
  • Days On Market:
  • 62
  • Excluded:
  • Personal Property Of Tenants And Any Property Leased By Tenants And/Or Landlord. Snow Blower And All Lawn Mowers In Basement.
  • Included In Sale:
  • All Appliances In As Is Condition
  • Lease Type:
  • Month To Month
  • On Market Date:
  • 2022-10-01
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Conventional, Fha
  • Cross Street:
  • Mt Vernon
  • Tax Municipality:
  • Philadelphia
  • City Taxes:
  • 5165.00
  • Owner Pays:
  • Water
  • Price Per Square Foot:
  • 172.44
  • Property Taxes:
  • $11,446
  • Tax Year:
  • 2023
  • Parking Type:
  • On Street
  • Pool Description:
  • No Pool
  • Cooling Fuel:
  • Natural Gas
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Multiple Phone Lines
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Bainbridge Realty LLC
  • © 2022 BRIGHT, All Rights Reserved BRIGHT

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