2353 North Park Avenue
2353 North Park Avenue
$369,000
—
3,120
3,120
$118
Closed 3/31/23
New Construction
Description
Calling all investors/house-hackers! Here's your opportunity to purchase a freshly turned over duplex, right off of Temple University's campus, at 2353 N Park Avenue. This newer construction duplex (Built in 2013) features two bi-level units; a 4 bed/2 bath unit on the first floor and basement level and a 5 bed/2 bath unit on the second and third floors. Each unit features a mixture of hardwood flooring & carpet flooring (mainly in the bedrooms) and are equipped with "mid-grade" finishes which are...Calling all investors/house-hackers! Here's your opportunity to purchase a freshly turned over duplex, right off of Temple University's campus, at 2353 N Park Avenue. This newer construction duplex (Built in 2013) features two bi-level units; a 4 bed/2 bath unit on the first floor and basement level and a 5 bed/2 bath unit on the second and third floors. Each unit features a mixture of hardwood flooring & carpet flooring (mainly in the bedrooms) and are equipped with "mid-grade" finishes which are more than good enough for student housing. Cherry-red cabinetry, granite countertops, tiled backsplash and stainless steel appliances are featured in both units. This is located just one block off of North Broad Street and four blocks away from Temple's Main Campus. Not to mention, there's also a shuttle bus service that transports students from Main Campus to their respective off-campus apartments/homes. Unit 1 is projected to rent out for at least $2,000/month while Unit 2 is projected to rent out for $2,500/month. These rents have been achievable by current ownership in the past. Using these numbers and conservatively putting 25% of revenue aside for expenses/reserves, this building is priced at a 10.12% Cap Rate! The entire building has been professionally cleaned, re-painted, and laid with new carpeting in the common area hallway and bedrooms. This is also an excellent opportunity to AirBnB the entire building to achieve higher rental income versus standard market rate rents. With an abundance of over-priced, multi-family inventory all throughout Temple University, here we have an appropriately priced offering that's now available and fully turn-key. Please inquire with the listing agent for more specific financials on the property.
- Listed by Daniel Tae Kim • Keller Williams PhillyP: 2672310061 dankim.realtor@gmail.com
Property Details for 2353 North Park Avenue
Tax ID Number
371286001
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
Expected On Market Date12-05-2022
SubdivisionTEMPLE UNIVERSITY
Location
LISTING UPDATED: 09/01/2023 06:01 PM
Property Details for 2353 North Park Avenue
Status | Closed |
---|---|
MLS # | PAPH2182500 |
Days on Market | 78 |
Taxes | $6,047 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2013 |
Lot Size | 0.04 AC / 1,712 SF |
County | Philadelphia County |
Building
Location
Building Information for 2353 North Park Avenue
Stories2Residences-Year Built2013Building Size-Lot Size0.04 AC / 1,712 SF
Payment Calculator
$2,518 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2353 North Park Avenue
Property History for 2353 North Park Avenue
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.
Public Records for 2353 North Park Avenue
Taxable ValueLand$80,840Additions$323,360Total$404,200
Tax Record2023$5,658 ($471 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories3Lot Size1,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built2013ZoningRM1CountyPHILADELPHIAAPN37-1-2860-01
Schools near 2353 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 | ||
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.
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