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1715 MONTROSE STREET

PHILADELPHIA , PA 19146

MLS#: PAPH2303252

$998,000

Status: Closed
Listing number: PAPH2303252
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 9 months ago
On site: 1 year, 9 months ago
Browse Properties
GRADUATE HOSPITAL - Residential Income

Property

Beds

2

Full Baths

None

1/2 Baths

None

Year Built

2023

Sq.Footage

3,322

Massive price reduction!! Amazing opportunity to own this beautiful new triplex with garage and shared roof deck in the desirable Graduate Hospital neighborhood of Philadelphia. Just a few blocks from Rittenhouse Square, Broad St subway line, parks, restaurants, shopping, theatre and more! There is a FULL 10 year tax abatement starting Jan 2025 until Jan 2035... not the new and less appealing abatement that reduces by 10% each year!!! Enjoy low taxes currently at $3,378/year (compare that number to comparable buildings in Grad Hospital)!! Live in one unit and rent out the others while taking advantage of buying with only 5% down with Fannie Mae's new loan option! Two large 1 bedroom/1.5 bath units, one studio apartment, and 1 car garage. Upper units are currently rented for $2250/mo and $2200/mo. Studio is rented at $1500/mo. Garage is rented by a neighbor at $300/mo. Built by the seller with no expenses spared and no intention of selling, the building features black sound transmission class Pella windows with built-in blinds between the glass, spray foam insulation throughout, PEX plumbing manifold, fiberglass roof, security surveillance system, sprinkler system, recessed LED lighting, commercial grade security garage door, and more. There is no lack of outdoor space in this building with the large fiberglass shared roof deck with stunning skyline views, spacious rear balcony for the 2nd floor unit, and backyard for the studio apartment. All units have exceptional ceiling height, recessed lighting, quartz counters with marble backsplash, matte black fixtures and hardware, gas cooking, washer/dryer in every unit, and scratch and water resistant luxury wood vinyl flooring which is ideal for durability with tenants and pets. Garage and studio could likely rent for higher than current rents. Steps away from public transportation, restaurants, coffee shops, gyms, galleries, dog parks, and everything else that this thriving neighborhood has to offer! Don't miss your opportunity to own this stylish new multi-family apartment building with large garage in a prime center city location.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3322.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Central, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Parking

    Oversized, Garage Door Opener, Garage, Attached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Size(acres)

    0.03

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $998,000

  • Tax Amount

    3378.09

  • Sq. Footage

    3, 322

  • Price/SqFt

    $300

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    160

  • Water Source

    Public

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Listing Courtesy of Julie A Russell , Coldwell Banker Realty

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Massive price reduction!! Amazing opportunity to own this beautiful new triplex with garage and shared roof deck in the desirable Graduate Hospital neighborhood of Philadelphia. Just a few blocks from Rittenhouse Square, Broad St subway line, parks, restaurants, shopping, theatre and more! There is a FULL 10 year tax abatement starting Jan 2025 until Jan 2035... not the new and less appealing abatement that reduces by 10% each year!!! Enjoy low taxes currently at $3,378/year (compare that number to comparable buildings in Grad Hospital)!! Live in one unit and rent out the others while taking advantage of buying with only 5% down with Fannie Mae's new loan option! Two large 1 bedroom/1.5 bath units, one studio apartment, and 1 car garage. Upper units are currently rented for $2250/mo and $2200/mo. Studio is rented at $1500/mo. Garage is rented by a neighbor at $300/mo. Built by the seller with no expenses spared and no intention of selling, the building features black sound transmission class Pella windows with built-in blinds between the glass, spray foam insulation throughout, PEX plumbing manifold, fiberglass roof, security surveillance system, sprinkler system, recessed LED lighting, commercial grade security garage door, and more. There is no lack of outdoor space in this building with the large fiberglass shared roof deck with stunning skyline views, spacious rear balcony for the 2nd floor unit, and backyard for the studio apartment. All units have exceptional ceiling height, recessed lighting, quartz counters with marble backsplash, matte black fixtures and hardware, gas cooking, washer/dryer in every unit, and scratch and water resistant luxury wood vinyl flooring which is ideal for durability with tenants and pets. Garage and studio could likely rent for higher than current rents. Steps away from public transportation, restaurants, coffee shops, gyms, galleries, dog parks, and everything else that this thriving neighborhood has to offer! Don't miss your opportunity to own this stylish new multi-family apartment building with large garage in a prime center city location.

1715 MONTROSE STREET

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