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1707 W Master Street

PHILADELPHIA, PA 19121
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 291 Days
  • ID#: PAPH2016998
Under Contract
UPDATED: 30 min ago
$1,150,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2011
County:

School Ratings & Info

Description

Incredible investment opportunity to acquire 8 fully leased units at Temple University at a 7.65% cap rate. The building consists of 1 and 2 bed units with open concept layouts, hardwood floors, central heating/cooling, in-unit washer/dryer, dishwasher, garbage disposal, and upgraded finishes. Located just south of Temple University, the building has typically attracted undergraduate students, however has recently seen interest from market rate renters as new construction development in Francisville has pushed north into 19121. The property was built as new construction 8 years ago and has two years remaining on the tax abatement. The surrounding area is exploding with new construction development, featuring residential homes selling for $400k+, market rate multi-family development, and large scale commercial development. This opportunity will not last long, schedule your tour today. Matterport 3D tours and flooplans are available in the documents/videos section, and additional marketing info can be sent upon request.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Carroll Team | Douglas Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-25T14:52:55.35.
www.thecarrollteam.com/homes/120132910
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1707 W Master Street PHILADELPHIA, PA 19121

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 291 Days
  • Updated: 30 min ago
  • ID#: PAPH2016998
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2011
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Incredible investment opportunity to acquire 8 fully leased units at Temple University at a 7.65% cap rate. The building consists of 1 and 2 bed units with open concept layouts, hardwood floors, central heating/cooling, in-unit washer/dryer, dishwasher, garbage disposal, and upgraded finishes. Located just south of Temple University, the building has typically attracted undergraduate students, however has recently seen interest from market rate renters as new construction development in Francisville has pushed north into 19121. The property was built as new construction 8 years ago and has two years remaining on the tax abatement. The surrounding area is exploding with new construction development, featuring residential homes selling for $400k+, market rate multi-family development, and large scale commercial development. This opportunity will not last long, schedule your tour today. Matterport 3D tours and flooplans are available in the documents/videos section, and additional marketing info can be sent upon request.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7096.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2022 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 8 Original MLSNumber 800917963040 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Hook/Up Avail Tax Annual Amount 10553.00 Tax Assessment Amount 753900.00 Tax Lot 70 Vacation Rental YN No Water Source Public Zoning Rm1 Zoning Description .

Listing courtesy of Jbmp Group.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Carroll Team | Douglas Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-25T14:52:55.35.
 
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The Carroll Team | Douglas Realty
5513 Twin Knolls Rd, Suite 214
Columbia MD, 21045