Traditional
1915 N GRATZ STREET
PHILADELPHIA, PA 19121
MLS#: PAPH2672658
$499,900
Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
2015
Sq.Footage
3,592
INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. Ground-up new construction triplex completed in 2015, a short walk from Temple University's Main Campus. Ten bedrooms and ten bathrooms — true one-to-one parity, so every bedroom in the building has its own bathroom, which almost no competing stock in this submarket delivers. Unit 1 — 4 bed / 4 bath — $1,700/mo. Unit 2 — 2 bed / 2 bath — $1,250/mo. Unit 3 — 4 bed / 4 bath — $1,700/mo. Total $4,650/mo, or $55,800 annually on the 26/27 contract, and rent collected in the trailing year came in ahead of contract. Not a conversion: built new in 2015, with the major systems still young. Water is more than fully recovered from tenants, so the utility line runs negative for the year, and operating expenses run 26.1% of effective gross income — the tightest in this portfolio. The ten-year tax abatement expired after 2025 and the 2026 bill is carried in full, so an incoming owner inherits the tax line as shown. Owner's operating statement available to qualified buyers.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
3592.0
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Off Street, On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,325
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Traditional
Price
-
Sales Price
$499,900
-
Tax Amount
$7,473
-
Sq. Footage
3,592
-
Price/SqFt
$139
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
YES
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
170
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Danielle Redenbaugh, BHHS Fox & Roach-Center City Walnut
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
Call Nick today to schedule a private showing.
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