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    1931 E Huntingdon Street

    PHILADELPHIA, PA 19125
    • $925,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: PAPH898170
    UPDATED: 166 min ago
    $925,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $231
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Presenting 1931 E. Huntingdon Street, a new construction triplex with FULL 10-year tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Brought to you by STAMM DEVELOPMENT GROUP this stabilized asset is primed for future appreciation with approved building plans for 1,000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or the current tax codes before they change in 2021; this is the perfect property to allocate funds into a positive cash flowing asset producing $72,850 in Gross Annual Income, at a 7% CAP RATE!!!Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting.Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $1700/month! This unit also features a private backyard space.Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1900/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2300/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.

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    ©2020 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 Keller Williams Real Estate. 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: 2020-12-02T23:50:39.83.
    www.seeinsidethehouse.com/homes/111190436
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    1931 E Huntingdon Street PHILADELPHIA, PA 19125

    • Price: $925,000
    • Status: Active
    • Updated: 166 min ago
    • ID#: PAPH898170
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    4,000
    SQFT
    $231
    $/SQFT
    2020
    Built
    Neighborhood:
    19125 (19125)
    County:
    Philadelphia
    Area:
    19125 (19125)
    School District:
    The School District Of Philadelphia
    Property Description
    Presenting 1931 E. Huntingdon Street, a new construction triplex with FULL 10-year tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Brought to you by STAMM DEVELOPMENT GROUP this stabilized asset is primed for future appreciation with approved building plans for 1,000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or the current tax codes before they change in 2021; this is the perfect property to allocate funds into a positive cash flowing asset producing $72,850 in Gross Annual Income, at a 7% CAP RATE!!!Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting.Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $1700/month! This unit also features a private backyard space.Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1900/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2300/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.
    Exterior Features

    Architectural Style Traditional Construction Materials Aluminum SidingBrick FrontFrameVinyl Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types None Patio And Porch Features BrickBalconies- MultipleDeck(S) Pool No Pool Property Condition Excellent Riparian Rights YN No Roof RubberFiberglass Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 4000 Appliances DishwasherDisposalDryer - ElectricEnergy Efficient AppliancesExhaust FanIcemakerIntercomMicrowaveOven/Range - ElectricStainless Steel AppliancesRefrigeratorWasherWater Heater - High-Efficiency Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Inclusions 3 Refrigerators3 Washers/Dryers Interior Features Combination Kitchen/LivingFloor Plan - OpenIntercomKitchen - IslandSprinkler SystemUpgraded CountertopsWindow Treatments Rooms Total 6 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Construction Completed YN Yes Cooling Fuel Electric Existing Lease Type Yearly Gross Income 72850.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Insurance Expense 1500.00 Maintenance Expense 1000.00 Navigable Water YN N Net Operating Income 64486.00 New Construction YN Yes Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 3732.00 Operating Expense Includes Trash Original MLSNumber 304139953816 Owner Pays Taxes - Real EstateTrash CollectionSewerWaterCommon Area Maintenance Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 512.00 Tax Assessment Amount 36600.00 Tax Lot 227 Total Actual Rent 72850.00 Trash Expense 300.00 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philly.


    ©2020 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 Keller Williams Real Estate. 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: 2020-12-02T23:50:39.83.
     
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    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809