Philadelphia, PA 19121,1812 W BERKS ST
Philadelphia, PA 19121,1812 W BERKS ST
Philadelphia, PA 19121,1812 W BERKS ST
16
$340,000
$365,000
6.8%
Est.Price: ?

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2,026 SqFt

1812 W BERKS ST Philadelphia, PA 19121

Est. payment /mo
SOLD DATE : 11/30/2018

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Key Details

Sold Price $340,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,026 sqft

Price per Sqft $167

Subdivision Temple University

MLS Listing ID 1002294556

Sold Date 11/30/18

Style Other

HOA Y/N N

Abv Grd Liv Area 2,026

Originating Board TREND

Year Built 1928

Annual Tax Amount $3,730

Tax Year 2018

Lot Size 1,032 Sqft

Acres 0.02

Lot Dimensions 16X64

Property Description

Great value add opportunity for investors interested in student housing. All units were fully renovated in 2008, opportunity to update finishes and layout to increase rents. All units currently rented to students, and have been rented at same price for last several years. The property is on the corner of Gratz and Berks and is in prime off campus location for students. Strong cash flow as is, property is being offered at a 7 cap rate. There is low inventory in the TU market, this property won't last long. All units include central air, hardwood floors, and washer/dryer in unit. This property can be sold as a package with 1624 Bouvier Street. Owner is open to leasing contingency to ensure tenant in 3rd unit.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RSA5

Rooms

Other Rooms Primary Bedroom

Basement Partial

Interior

Hot Water Electric

Heating Electric

Cooling Central A/C

Fireplace N

Heat Source Electric

Laundry Washer In Unit

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 321129400

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jonathan Beaulieu • JBMP Group
Bought with Bin Mei Zhang • Panphil Realty, LLC

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Donnell Taylor

Agent

+1(202) 320-5119

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