2327 North Park Avenue

Philadelphia, PA 19132

$430,000
Last Sold Price
14
Beds
13
Baths
3,720 Sq. Ft.
$116 / Sq. Ft.
3,720
Sq. Ft.
$116
per Sq. Ft.

Description

Great student housing investment opportunity. This near new construction ( 11 year old ) 3 unit building has been legally zoned for 11 UNIT ROOMING HOUSE! The property's 11 rooms are broken down as follows. Unit A- 2 bedroom 2 bath, Unit B- 4 bedroom 4 full bath, Unit C- 5 bedrooms 5 baths. That is a total of 11 bedrooms and 11 full baths. Every bedroom has a private bath. Each of the 3 units has a custom gourmet kitchen with stainless steel microwave, refrigerator, stove and dishwasher. Each of...Great student housing investment opportunity. This near new construction ( 11 year old ) 3 unit building has been legally zoned for 11 UNIT ROOMING HOUSE! The property's 11 rooms are broken down as follows. Unit A- 2 bedroom 2 bath, Unit B- 4 bedroom 4 full bath, Unit C- 5 bedrooms 5 baths. That is a total of 11 bedrooms and 11 full baths. Every bedroom has a private bath. Each of the 3 units has a custom gourmet kitchen with stainless steel microwave, refrigerator, stove and dishwasher. Each of the 3 units has stackable washer and dryer in unit. Each of the units has real Hardwood floors in the kitchen and common living area. All the 11 bathrooms are in ceramic tile. Each unit has central air. Unit B has private rear fenced yard. 11.5% CAP RATE ! - unit c total rent = $2500 unit b rent= $2000 Unit a rent = $975 This is a rare find. A new construction 11 bed 11 bath legal rooming house.
  1. Listed by Edward J. McDonald Jr. • Re/Max One Realty
    P: 2154429388 ed@edmcdonaldrealestate.com

Property Details for 2327 North Park Avenue

Tax ID Number
371284701
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
TEMPLE UNIVERSITY
Subdivision
TEMPLE UNIVERSITY (PHILADELPHIA PA)

Location

Listing Courtesy of Re/Max One Realty

Sold By Realty Mark Cityscape-King of Prussia

Add your commute
LISTING UPDATED: 09/03/2023 09:11 AM

Property Details for 2327 North Park Avenue

StatusClosed
MLS #PAPH2236790
Days on Market50
Taxes$6,490 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2011
Lot Size0.04 AC / 1,712 SF
CountyPhiladelphia County

Location

Listing Courtesy of Re/Max One Realty

Sold By Realty Mark Cityscape-King of Prussia

Add your commute

Building Information for 2327 North Park Avenue

Stories-Residences3Year Built2011Building Size-Lot Size0.04 AC / 1,712 SF

Payment Calculator

$2,888 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,347

Property Taxes

$541

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2327 North Park Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
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: 2022
  • Tax Assessed Value: $463,700
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $370,960
  • City Town Tax: $2,929
  • Land Assessed Value: $92,740
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: U50
  • Refuse Fee: $500
  • Zoning: RM1
  • Tax Lot: 157
  • School Tax: $3,561
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Management, Repairs, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 6,Unit 7,Unit 7,Unit 9
  • Units Leased Count: 11
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 4
  • Half Baths Count: 0
  • Full Baths Count: 4
  • Unit Type Baths Total: 4
  • Unit Type Features: 7/31/2018
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: 7/31/2018
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
  • Unit Type Baths Total: 6
  • Unit Type Features: 7/31/2018
Unit 4
  • Type: Unit 4
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 5
  • Beds Total: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 6
  • Beds Total: 1
  • Full Baths Count: 1
Unit 7
  • Type: Unit 6
  • Beds Total: 1
  • Full Baths Count: 1
Unit 8
  • Type: Unit 7
  • Beds Total: 1
  • Full Baths Count: 1
Unit 9
  • Type: Unit 7
Unit 10
  • Type: Unit 8
  • Beds Total: 1
  • Full Baths Count: 1
Unit 11
  • Type: Unit 9
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $2,700
  • Professional Management Expense: $45,000
Financial Information
  • Annual Rental Income: $65,700
  • Cap Rate: 11.50
Building Info
Building Info
  • Building Level Count: 5
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 107.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1403902
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Sprinkler System
  • Fireplace: No
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
  • Accessibility Features: None
  • Security Features: Security System
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 2327 North Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2327 North Park Avenue

Taxable ValueLand$92,740Additions$370,960Total$463,700
Tax Record2023$6,491 ($541 / month)
Home Facts
Total Finished SqFt3,720 SqFtAbove Grade Finished SqFt3,720 SqFtStories3Lot Size1,712 SqFtStyleMulti-Family Res (5+ Units)Year Built2011ZoningRM1CountyPHILADELPHIAAPN37-1-2847-01

Schools near 2327 North Park Avenue

This home is within Philadelphia City School District.
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

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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Listing Courtesy of Re/Max One Realty

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.