Philadelphia, PA 19133,2246 N 12TH ST
Philadelphia, PA 19133,2246 N 12TH ST
Philadelphia, PA 19133,2246 N 12TH ST
Philadelphia, PA 19133,2246 N 12TH ST
Philadelphia, PA 19133,2246 N 12TH ST
Philadelphia, PA 19133,2246 N 12TH ST
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$350,000

$790,000

55.7%
Est.Price: ?

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Est. payment /mo

1,246 Sqft Lot


SOLD DATE : 05/21/2016

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Temple University

MLS Listing ID 1000025884

Sold Date 05/21/16

Style Other

HOA Y/N N

Originating Board TREND

Year Built 2014

Annual Tax Amount $2,318

Tax Year 2016

Lot Size 1,246 Sqft

Acres 0.03

Lot Dimensions 15X82 AND 15X98

Property Description

We are proud to present, on behalf of ownership, a 6 unit and 18 bedroom investment opportunity generating significant cash flow in Philadelphia, Pennsylvania. This is a 2 property package sale that includes both 2246 and 2254 N 12th Street. Both properties are also for sale individually and listed on the MLS. Just 2 blocks from Temple University's main campus, the college is experiencing tremendous growth and currently has over 28,000 students at its undergraduate campus. Both triplexes are complete with an ideal unit mix for this market. Over the last decade, a tremendous amount of 5 and 6 bedroom units have been developed in Temple's off-campus housing market. The 2, 3, and 4 bedroom units are extremely attractive to the student population, and that is exactly what these properties provide. Built in 2013 and 2014, both properties are basically brand new construction and contain high-end finishes. Complete with stainless steel appliances, granite countertops, 42 inch cabinets, and hardwood floors throughout, these properties were expertly built and perfect for the needs of this market. Additionally, each unit has its own HVAC system, hot water heater, and separate electric and gas meters. Considering Eric Blumenfeld's pending development projects at the Divine Lorraine and at the intersection of Spring Garden and Broad Street, and seeing Bart Blatstein about to turn the old headquarters of the Philadelphia Inquirer into a boutique hotel, as well as other pending projects along North Broad Street, the connection between Center City and Temple University's campus is about to be solidified. The market factors impacting this area and the smart design of these triplexes make this a killer investment opportunity. An offering memorandum is available to qualified investors. Many expenses are estimated.

Location

State PA

County Philadelphia

Area 19133 (19133)

Zoning RM1

Rooms

Other Rooms Primary Bedroom

Basement Full, Fully Finished

Interior

Interior Features Sprinkler System

Hot Water Other

Heating Gas

Cooling Central A/C

Flooring Wood, Tile/Brick

Fireplace N

Window Features Energy Efficient

Heat Source Natural Gas

Laundry Washer In Unit, Dryer In Unit

Exterior

Fence Other

Utilities Available Cable TV Available

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 371230300

Ownership Fee Simple

Security Features Security System,Security Gate

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Bright MLS (BMLS)
Listed by Eric D Feinberg • Keller Williams Realty Group
Bought with Walter S Flores • Realty Mark Cityscape
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