1931 East Huntingdon Street

Philadelphia, PA 19125

$950,000
Price
6
Beds
6
Baths
4,000 Sq. Ft.
$238 / Sq. Ft.
4,000
Sq. Ft.
$238
per Sq. Ft.

Description

Presenting 1931 E. Huntingdon Street, a new construction triplex with 7 years left on tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Originally built by the 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 live in one unit and rent out the others; this is the perfect property to allocate funds into a positive...Presenting 1931 E. Huntingdon Street, a new construction triplex with 7 years left on tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Originally built by the 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 live in one unit and rent out the others; this is the perfect property to allocate funds into a positive cash flowing asset producing $80,700 in Gross Potential Income, at a 7.1% 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 $2,500/month and will be sold FULLY FURNISHED! 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 $1875/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 $2350/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.
  1. Listed by Ryan Stawasz • KW Empower
    P: 2157606291 ryan@tsg.homes

Property Details for 1931 East Huntingdon Street

Tax ID Number
314149600
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Subdivision
EAST KENSINGTON
Subdivision
EAST KENSINGTON (PHILADELPHIA PA)

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 05/13/2024 01:47 PM

Property Details for 1931 East Huntingdon Street

StatusActive
MLS #PAPH2353152
Days on Market19
Taxes$2,296 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2020
Lot Size0.03 AC / 1,161 SF
CountyPhiladelphia County

Building

1931 E Huntingdon St

2 StoriesBuilt in 2020

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 1931 East Huntingdon Street

Stories2Residences-Year Built2020Building Size-Lot Size0.03 AC / 1,161 SF

Payment Calculator

$5,376 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1931 East Huntingdon Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19125 (19125)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $820,000
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $656,000
  • City Town Tax: $0
  • Land Assessed Value: $164,000
  • Clean Green Assessed: No
  • Land Use Code: O30
  • Zoning: RM1
  • Tax Lot: 227
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: Some
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Vacancy Allowance Rate: 5.00%
Multi Family
Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Currently rented for $2350/month. Amazing loft style unit with front roof deck
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Rent projected at $1875/month. Balcony off rear
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: 1st floor and basement unit rented for $2,500/month. Includes private entrance and backyard space
Financial Information
Expenses
  • Operating Expense: $6,473
  • Insurance Expense: $2,611
  • Trash Expense: $300
Financial Information
  • Gross Scheduled Income: $76,665
  • Net Operating Income: $67,281
  • Annual Rental Income: $80,700
  • Cap Rate: 7.10
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 17.33 x 67.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 1071771
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Combination Kitchen/Living, Floor Plan - Open, Intercom, Kitchen - Island, Sprinkler System, Upgraded Countertops, Window Treatments
  • Appliances: Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Exhaust Fan, Icemaker, Intercom, Microwave, Oven/Range - Electric, Stainless Steel Appliances, Refrigerator, Washer, Water Heater - High-Efficiency
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Outdoor Living Structures: Brick, Balconies- Multiple, Deck(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1931 East Huntingdon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1931 East Huntingdon Street

Taxable ValueLand-Additions-Total-
Tax Record2023$2,296 ($191 / month)
Home Facts
Beds6Total Finished SqFt1,998 SqFtAbove Grade Finished SqFt1,998 SqFtStories2Lot Size1,161 SqFtStyleCondominiumYear Built2019ZoningRM1CountyPHILADELPHIAAPN31-4-1496-00

Schools near 1931 East Huntingdon Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Brown Henry A School
PublicPK to 8

Kensington Culinary Arts
Public9 to 12

Kensington HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1931 East Huntingdon Street is a multi-family home for sale in Philadelphia, PA 19125. This property was listed for sale on May 13, 2024 by KW Empower, it's currently listed at $950,000. It has been on the market for a total of 19 days and was last sold on February 19, 2021. This listing's school district is Philadelphia City School District. Nearby schools include Brown Henry A School, Kensington Culinary Arts and Kensington Creative & Performing Arts High School. 1931 East Huntingdon Street is a 6-bed, 6-bath, 4,000 sqft multi-family home built in 2020.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.