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1913 N 23rd Street, Philadelphia, PA 19121
$533,000
1913 N 23rd Street, Philadelphia, PA 19121View this property at 1913 N 23rd Street, Philadelphia, PA 19121
1913 N 23rd StreetPhiladelphiaPA19121
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Property Description
Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia - a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.
Full Property Details
Full Property Details for 1913 N 23rd St
General
- Price: $533,000
- Taxes: $1,101 (2022)
- Status: Active
- Type: Triplex
- MLS ID: PAPH2285666
- Updated: 1/8/2024
- Added to Site: 189 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19121 (19121)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Brewerytown
- Subdivision: Brewerytown
- Driving Directions: On N 23rd Street.
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: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Foundation: Slab
- Stories/Levels: 0
- Square Feet: 1,839
- Sq. Ft. Source: Assessor
- Living Area: 1,839 Sq. Ft.
- Finished Above Grnd: 1,839 Sq. Ft.
- Year Built: 1915
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
Unit 1
- Unit Description: Unit 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Unit 3
- Unit Description: Unit 3
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,331
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 75.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $289.83
- Operating Expenses: $6,640
- Assessment Year: 2023
- School Tax: $604
- City/TownTax: $497
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $78,700
- Tax Amount: $1,101
- Tax Year: 2022
- Tax Total Finished Sq. Ft.: 1839
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 27
Listed by KW Empower, Richard K Cassell
Get Pre-Approved Today
Schools
Schools serving 1913 N 23rd St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
Frederick Douglass Mastery Elementary School
2118 W Norris St, Philadelphia, PA 19121 | K-8 | 0.1 mi | |
3133 Ridge Ave, Philadelphia, PA 19121 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1913 N 23rd St
Date
Details
Price
Change
Source
10/25/2023
Listed
$533,000
213.53%
MLS
9/28/2022
Sold
$170,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1913 N 23rd St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$634
-42%
-100%
2023
$1,102
74%
$78,700
74%
2020
$634
3%
$45,300
3%
2019
$613
58%
$43,800
58%
2018
$388
—
$27,700
—
2017
$388
—
$27,700
—
2016
$388
-27%
$27,700
-30%
2015
$529
—
$39,500
—
2014
$529
142%
$39,500
1663%
2013
$219
—
$2,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1913 N 23rd St
1913 N 23rd Street, Philadelphia, PA 19121 (MLS# PAPH2285666) is a Triplex property with 0 bedrooms and 0 full bathrooms. 1913 N 23rd Street is currently listed for $533,000 and was received on October 25, 2023. Want to learn more about 1913 N 23rd 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.