1544 N Willington Street

    PHILADELPHIA, PA 19121
    • $925,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: PAPH829716
    UPDATED: 47 min ago
    $925,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,228
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2014
    County:

    School Ratings & Info

    Description

    Great investment opportunity with value add potential in the heart of the Temple U off-campus housing area. This property comes fully leased for $6,700/month (leases run from August 2019 - August 2020). It was built ground up in 2014. There are currently 5 years remaining on the tax abatement. This property is also located in a QOZ. It contains a large unfinished basement space that can be easily converted to an additional room and bathroom to generate another $600 per month in rental income. Cosmetic touch-ups are not required but would likely increase rent as well. The property next door, 1540-42 N Willington St is also available as a package deal (inquire for additional info). It contains 5 more units with 22 bedrooms. These properties share a common alley which is currently gated and leads to the backyards. If someone were to buy both buildings, the backyards can be combined and upgraded to create a very nice community space, further increasing rent potential. As the neigborhood continues to expand and improve, good opportunities are becoming more difficult to find. This property is in a prime location just 2 blocks from student dorms, Fresh Grocer, Broad St Subway, and local shopping centers.

    Monthly Payment Calculator

    ©2019 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. 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: 2019-11-17T10:51:45.76.
    www.seeinsidethehouse.com/homes/98591442

    1544 N Willington Street PHILADELPHIA, PA 19121

    • Price: $925,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: PAPH829716
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    3,228
    SQFT
    $287
    $/SQFT
    2014
    Built
    Neighborhood:
    19121 (19121)
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property Description
    Great investment opportunity with value add potential in the heart of the Temple U off-campus housing area. This property comes fully leased for $6,700/month (leases run from August 2019 - August 2020). It was built ground up in 2014. There are currently 5 years remaining on the tax abatement. This property is also located in a QOZ. It contains a large unfinished basement space that can be easily converted to an additional room and bathroom to generate another $600 per month in rental income. Cosmetic touch-ups are not required but would likely increase rent as well. The property next door, 1540-42 N Willington St is also available as a package deal (inquire for additional info). It contains 5 more units with 22 bedrooms. These properties share a common alley which is currently gated and leads to the backyards. If someone were to buy both buildings, the backyards can be combined and upgraded to create a very nice community space, further increasing rent potential. As the neigborhood continues to expand and improve, good opportunities are becoming more difficult to find. This property is in a prime location just 2 blocks from student dorms, Fresh Grocer, Broad St Subway, and local shopping centers.
    Exterior Features

    Architectural Style Unit/Flat Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3228 Basement Partial Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Heat Pump(S) Heating YN Yes Single Room Units 12 Three Bedroom Units 0 Two Bedroom Units 0

    Property Features

    Accessibility Features None Assessment Year 2019 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Oxford Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 302012202567 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 5378.0 Tax Assessment Amount 384200.0 Tax Lot 113 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Walnut Realty Group.
    ©2019 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. 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: 2019-11-17T10:51:45.76.
     
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809