2311 North Park Avenue
2311 North Park Avenue
For Sale By Owner
For Sale By Owner
Description
Ten Bedrooms spaced over 4 floors / levels. The perfect property for an Airbnb or long term Rental Business, a large / extended family , or someone looking for a property in close proximity to a University for student rentals. Section 8 by contrast would still yield around $56K annually if a more automated approach is desired. This property can be utilized by an individual or extended family with 3 separate units, 3 kitchens and 10 bedrooms spanning 4 floors , for generational wealth building...BLOCKS AWAY
Ten Bedrooms spaced over 4 floors / levels. The perfect property for an Airbnb or long term Rental Business, a large / extended family , or someone looking for a property in close proximity to a University for student rentals. Section 8 by contrast would still yield around $56K annually if a more automated approach is desired. This property can be utilized by an individual or extended family with 3 separate units, 3 kitchens and 10 bedrooms spanning 4 floors , for generational wealth building / living. Setting property up for Airbnb throughout the property at just a $30 nightly rate would yield $9K monthly or $108K per annum. Of course , this would yield a very strong cap rate but would be very work intensive . The property often rents at a rate between $88 and $188 nightly when utilized for short term rentals . Alternatively, the property is also located in EXTREMELY close proximity to Temple University If long-term, less work-intensive rentals are preferred, the property can be rented with a range of $550- 750 / room. A blended average of $650/ room would yield $84K / year. This would also yield a VERY strong cap rate. Favorite Comp : $175 M Charles Library of Temple University: located just two blocks away on the same street. Park Avenue becomes "Liacouras Walk" in two blocks when it runs into Temple University and becomes "walking only". Often rented between $88 and $188 / night / room. Can be converted to long term rental. Property is in close proximity / easy walking distance to amazing entertainment options . Perfectly located for a Sorority or Fraternity House - endless possibilities for property this size in close proximity to a university . Selling as a single male- far too much space for one person. Kindly text first if Interested in discussing. What the seller loves about this home
Location and proximity to transportation and downtown/ nightlife when combined with Amazing sound- deadening throughout allows each individual to have privacy. The overall property size and layout truly allow privacy throughout the home even when thoroughly occupied. Setting property up for Airbnb at just a $30 nightly rate would yield Apprx $9K monthly or $108,000 annually. Alternatively property can be utilized for enjoyment by a family spanning several generations , or even by an individual who enjoys space/ solitude, or hosting guests. STRONG argument for BEST cap rate potential in the United States if concerted into rental. A cursory glance at Section 8 numbers would yield approximately $1541, $1541 and $1647 per unit. This would total $4729 monthly or $56748 annually , if you would prefer to go the Section 8/ affordable housing route, rather than maximizing rental prices.
Amenities
- Range
Location
Property Details for 2311 North Park Avenue
| Status | Active |
|---|---|
| MLS # | 11498872 |
| Days on Market | 260 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Townhouse |
| Year Built | 1915 |
| Lot Size | 0.04 AC / 1,711 SF |
| County | Philadelphia County |
Location
Building Information for 2311 North Park Avenue
Payment Calculator
$10,561 per month
30 year fixed, 7.25% Interest
$10,308
$253
$0
Property Information for 2311 North Park Avenue
- Garage Carsize: 2
- Lotsize: 1711.0
- Year Built: 1915
- Quarter Baths: 0
- Halfbaths: 0
- Threequarterbaths: 0
- Fullbaths: 4
- Bedrooms: 10
Property History for 2311 North Park Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2311 North Park Avenue
Schools near 2311 North Park Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Hartranft John F School PublicK to 8 | ||
Kensington Culinary Arts Public9 to 12 | ||
Kensington HS Public9 to 12 | ||
Kensington Creative & Performing Arts 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.
Similar Homes
Similar Sold Homes
Homes for Sale near Hartranft
Neighborhoods
Cities
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.
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.