1433 W Norris Street, Philadelphia, PA 19121 - Photo 1

1/1

$770,000

Sold
Closed
Triplex
2,617 Sq. Ft.

1/1

Property Description

Inquire about 3D video tours, floor plans, and video walkthroughs! Here is your opportunity to purchase a turn-key property, leased until July 31, 2025. Ideal for a 1031 Exchange, this investment offers steady cashflow, tax deductions and appreciation potential. Located just a 30-second walk from the Norris & Broad St intersection, it's an excellent location for Temple University students and their parents, ensuring peace of mind and convenience. The building was completely renovated in 2011, with Unit 1 receiving a complete renovation in Summer 2023. From August 1, 2024, to July 31, 2025, the building will generate $6,555 monthly, totaling $78,660 annually. The tenants, who are Temple University students, are in joint leases and have qualified co-signers. The landlord covers water, trash pick-up, and cleaning of common areas. An estimated 7.6-7.75% CAP rate is exceptional for this setup and location. The units are easy to rent and manage due to the proximity to the school and their setups: Unit 1: 4 bed/4 bath, $2800 + $80 water fee Unit 2: 3 bed/2 bath, $1800 + $75 water fee Unit 3: 3 bed/1 bath, $1725 + $75 water fee The owner has maintained the property well, requiring minimal upkeep from the new landlord. All units boast central AC & heating, separate washers and dryers, and electric appliances. Schedule your tour today or explore our virtual tours!

Full Property Details

Full Property Details for 1433 W Norris St

General

Sold For: $770,000
Taxes: $7,879 (2023)
Status: Closed
Type: Triplex
Source: BrightMLSPhilly
MLS ID: PAPH2348100
Added to Site: 695 day(s) ago

Interior

Number of Rooms: 10
Appliances: Dishwasher, Washer, Dryer, Intercom, Built-In Microwave, Stove, Refrigerator
Flooring: Hardwood, Luxury Vinyl Plank, Tile/Brick

Parking

Parking Type: On Street

Location

Area: 19121 (19121)
Municipality: PHILADELPHIA
County: Philadelphia
Cross Streets: 15Th Street
Driving Directions: Please use GPS

School Information

School District: The School District Of Philadelphia

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Central
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Other
Architectural Style: Other
Structure Type: Interior Row/Townhouse
Construction: Brick
Basement: Yes
Basement Desc.: Partial
Foundation: Other
Stories/Levels: 0
Square Feet: 2,617
Sq. Ft. Source: Estimated
Living Area: 2,617 Sq. Ft.
Finished Above Grnd: 2,617 Sq. Ft.
Year Built: 2011
Year Built Source: Estimated

Unit Information

Other Units: Unit 1, Unit 2, Unit 3

Unit 1

Unit Description: Unit 1
Bedrooms: 4

Unit 2

Unit Description: Unit 2
Bedrooms: 3

Unit 3

Unit Description: Unit 3
Bedrooms: 3

Lot Features

Lot Size (Acres): 0.03
Lot Size (Sq. Ft.): 1,492
Lot Size Source: Estimated
Zoning: SPINS

Financial Considerations

Price Per Sq. Ft.: $309.51
Tax w/Assessment: $562,900
Tax Amount: $7,879
Tax Year: 2023
Terms: Standard Sale
Owner Pays: Water, Common Area Maintenance, Insurance
Landlord Pays: Water, Common Area Maintenance, Insurance

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenant's personal property
Inclusions: Appliances & fixtures

Listed by RE/MAX Plus, Matin Haghkar and RE/MAX Plus, Toma Holovatskyy
Sold by KW Empower, sAAJAN Patel

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Listing agents

— 1433 W Norris St —

Matin Haghkar

RE/MAX Plus
Toma Holovatskyy

RE/MAX Plus

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Schools

Schools serving 1433 W Norris St

School District:Philadelphia City School District

Name	Grades	Distance
Duckrey Tanner School 1501 West Diamond street, Philadelphia, PA 19121	K-8	0.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1433 W Norris St

Date

Details

Price

Change

Source

8/05/2024

Sold

$770,000

-4.94%

MLS

5/09/2024

Listed

$809,995

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1433 W Norris Street, Philadelphia, PA 19121 (MLS# PAPH2348100) is a Triplex property that was sold at $770,000 on August 05, 2024. Want to learn more about 1433 W Norris Street? Do you have questions about finding other Triplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1433 W Norris St Philadelphia, PA 19121