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1709 N Gratz St

Philadelphia, PA 19121$299,500

  • Sold

    Details

    Price:$299,500
    Address:1709 N Gratz St
    City:Philadelphia
    State:PA
    Zip Code:19121
    Year Built:1920
    Floors:3
    Square Feet:2,184
    Bedrooms:9+
    Bathrooms:3

    Description

    Investors, this is a great opportunity to purchase a Temple University main campus cash-flowing triplex. The building is fully occupied with gross monthly rents of $2,335. Rents are on the low end of the market and upon lease renewals can be increased by approximately $315 bringing the gross monthly rent to $2,650. Tenants pay their own electric and there is no gas service to the property. Each unit in this building features 3 bedrooms, 1 bathroom, hardwood floors, laundry access, and sun soaked rooms with large windows. Walking distance to Temple University, and surrounded by public transportation routes, this building is a convenient lease for students. The first floor unit features a fenced-in back yard. The building is professionally managed so tenant acquisition, rent collection, repairs, and cash flow accounting are taken care of for the owners. Professional management will continue with new ownership if desired. Call today to schedule a showing!

    Location