1837 North Gratz Street
1837 North Gratz Street
$1,925,000
—
8,400
8,400
$229
Closed 1/31/22
New Construction
Description
Brand new 8-unit loft apartment building located in the surging 19121 zip code. Gratz Lofts is just off main campus at Temple University, a locally esteemed higher learning institution and athletic powerhouse. These loft apartments are entirely unique and have fully leased up for the first year of occupancy / fall semester 2021. Luxury interiors with exposed beams, huge ceilings, quartz counters, stainless appliances, skylights, oversized windows. Major curb appeal with a stately redbrick facade....Brand new 8-unit loft apartment building located in the surging 19121 zip code. Gratz Lofts is just off main campus at Temple University, a locally esteemed higher learning institution and athletic powerhouse. These loft apartments are entirely unique and have fully leased up for the first year of occupancy / fall semester 2021. Luxury interiors with exposed beams, huge ceilings, quartz counters, stainless appliances, skylights, oversized windows. Major curb appeal with a stately redbrick facade. Big rental upside opportunity for the new owner to raise Year 2+ rents as university life resumes normalcy. Turnkey multifamily asset. Ideal for 1031 exchange. The Property yields an attractive 6.9% pro forma cap rate w/ a full 10 year tax abatement.
Listing Agent
Property Details for 1837 North Gratz Street
Tax ID Number
881146611
OwnershipFee Simple
HOANo
Structure TypeInterior Row/Townhouse
StyleLoft, Loft with Bedrooms
WaterfrontNo
ViewsCity
GarageNo
Location
LISTING UPDATED: 05/06/2022 04:03 PM
Property Details for 1837 North Gratz Street
Status | Closed |
---|---|
MLS # | PAPH2014580 |
Days on Market | 94 |
Taxes | $13,164 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2021 |
Lot Size | 0.09 AC / 3,814 SF |
County | Philadelphia County |
Location
Building Information for 1837 North Gratz Street
Stories-Residences4Year Built2021Building Size-Lot Size0.09 AC / 3,814 SF
Payment Calculator
$11,603 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1837 North Gratz Street
Property History for 1837 North Gratz Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1837 North Gratz Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Young Scholars Frederick Douglass Charter School CharterK to 8 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson Public9 to 12 | ||
Dobbins Avt High School 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.
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