2501 North Colorado Street

Philadelphia, PA 19132

$195,000
Price
2
Beds
2
Baths
1,110 Sq. Ft.
$176 / Sq. Ft.
1,110
Sq. Ft.
$176
per Sq. Ft.

Description

Welcome to 2501 N Colorado Street – your perfect turnkey investment opportunity! This meticulously maintained corner duplex offers an ideal scenario for savvy investors or those looking to generate rental income effortlessly. This property is a true gem, boasting a total renovation that includes new mechanicals, kitchens, bathrooms, floors, and more. Enjoy a maintenance-free investment experience with this thoughtfully updated duplex. Unit 1 features a comfortable 1 bed/1 bath layout and is currently...Welcome to 2501 N Colorado Street – your perfect turnkey investment opportunity! This meticulously maintained corner duplex offers an ideal scenario for savvy investors or those looking to generate rental income effortlessly. This property is a true gem, boasting a total renovation that includes new mechanicals, kitchens, bathrooms, floors, and more. Enjoy a maintenance-free investment experience with this thoughtfully updated duplex. Unit 1 features a comfortable 1 bed/1 bath layout and is currently rented for $750 per month. Meanwhile, Unit 2 offers a similarly appealing 1 bed/1 bath configuration, with a monthly rental income of $775. Both units are occupied by fantastic long-term tenants who consistently pay on time, ensuring a steady stream of income for the fortunate owner. Noteworthy is the arrangement where tenants cover all utilities, except for cold water, which is the responsibility of the landlord. This adds to the attractiveness of this investment, as it minimizes ongoing expenses and maximizes your return. Whether you choose to reside in one unit and rent out the other or simply enjoy the benefits of a hands-off investment, this property is primed for success. Act fast – opportunities like this don't linger on the market for long! Seize the chance to build equity effortlessly and secure your future with this fantastic duplex. Contact us today for a viewing before this remarkable investment slips away.
  1. Listed by Carlos Masip • KW Empower
    P: 2674560448 cxm5003@comcast.net

Property Details for 2501 North Colorado Street

Tax ID Number
161187505
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
PHILADELPHIA (NORTH)
Subdivision
PHILADELPHIA (NORTH) (PHILADELPHIA PA)

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 04/26/2024 03:22 PM

Property Details for 2501 North Colorado Street

StatusActive
MLS #PAPH2309806
Days on Market119
Taxes$4,337 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.02 AC / 720 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 2501 North Colorado Street

Stories-Residences2Year Built1915Building Size-Lot Size0.02 AC / 720 SF

Payment Calculator

$1,426 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,064

Property Taxes

$361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2501 North Colorado Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19132 (19132)
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: $309,900
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $247,920
  • City Town Tax: $1,957
  • Land Assessed Value: $61,980
  • Clean Green Assessed: No
  • Land Use Code: U30
  • Zoning: RSA5
  • School Tax: $2,380
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
Multi Family
Unit 1
  • Type: Unit 1
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Beds Total: 1
  • Full Baths Count: 1
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,110.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 15.00 x 48.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 968559
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • 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 2501 North Colorado 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 2501 North Colorado Street

Taxable ValueLand$61,980Additions$247,920Total$309,900
Tax Record2023$4,338 ($361 / month)
Home Facts
Total Finished SqFt1,110 SqFtAbove Grade Finished SqFt1,110 SqFtStories2Lot Size720 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRSA5CountyPHILADELPHIAAPN16-1-1875-05

Schools near 2501 North Colorado Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 8
Public - 5 to 8
Rating
School
Distance
Duckrey Tanner School
PublicK to 8

Arts Academy at Benjamin Rush
Public9 to 12

Meehan Austin Middle School
Public7 to 8

Middle Years Alternative School
Public5 to 8

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

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Similar Sold Homes

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2501 North Colorado Street is a multi-family home for sale in Philadelphia, PA 19132. This property was listed for sale on January 4, 2024 by KW Empower, it's currently listed at $195,000. It has been on the market for a total of 119 days and was last sold on December 16, 2020. This listing's school district is Philadelphia City School District. Nearby schools include Duckrey Tanner School, Arts Academy at Benjamin Rush and Meehan Austin Middle School. 2501 North Colorado Street is a 2-bed, 2-bath, 1,110 sqft multi-family home built in 1915.

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.