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1931 E Huntingdon Street

PHILADELPHIA, PA 19125
  • $950,000
  • STATUS: Active
  • ON SITE: 41 Days
  • ID#: PAPH2353152
UPDATED: 46 min ago
$950,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $238
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Description

Presenting 1931 E. Huntingdon Street, a new construction triplex with 7 years left on tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Originally built by the STAMM DEVELOPMENT GROUP, this stabilized asset is primed for future appreciation with approved building plans for 1,000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or live in one unit and rent out the others; this is the perfect property to allocate funds into a positive cash flowing asset producing $80,700 in Gross Potential Income, at a 7.1% CAP RATE!!! Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting. Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $2,500/month and will be sold FULLY FURNISHED! This unit also features a private backyard space. Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1875/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2350/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T23:49:50.77.
www.soldbybroc.com/homes/150470920
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1931 E Huntingdon Street PHILADELPHIA, PA 19125

  • Price: $950,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 46 min ago
  • ID#: PAPH2353152
0
Beds
0
Baths
0
½ Baths
0.03
Acres
4,000
SQFT
$238
$/SQFT
2021
Built
Neighborhood:
East Kensington
County:
Philadelphia
Area:
19125 (19125)
School District:
The School District Of Philadelphia
Property Description
Presenting 1931 E. Huntingdon Street, a new construction triplex with 7 years left on tax abatement in one of Philadelphia's hottest sub markets, EAST KENSINGTON. Originally built by the STAMM DEVELOPMENT GROUP, this stabilized asset is primed for future appreciation with approved building plans for 1,000 units within a half mile radius!!! Whether you are looking to take advantage of a 1031 exchange or live in one unit and rent out the others; this is the perfect property to allocate funds into a positive cash flowing asset producing $80,700 in Gross Potential Income, at a 7.1% CAP RATE!!! Each unit features Schlage keyless entry with video intercom, a gorgeous kitchen with quartz countertops, Samsung stainless steel appliances, white shaker cabinets, penny tile backsplash, Delta Chrome Fixtures, luxury vinyl plank flooring that is scratch proof and water resistant, and LED recessed lighting. Unit 1 is a spacious 2-bedroom, 2 full bathroom bi-level apartment on the 1st floor and basement with a lease in place for $2,500/month and will be sold FULLY FURNISHED! This unit also features a private backyard space. Unit 2 is a 2-bedroom, 2 full bathroom bi-level unit comprised of a living room, dining room, and kitchen projected at $1875/month. The second floor contains one bedroom and one bathroom, kitchen, and a spacious living area with a private balcony. The other bedroom is a private suite downstairs, in the rear of the building with its own private bathroom as well. Unit 3 is a ONE OF A KIND, 2-bedroom, 2 full bathrooms, plus bonus loft space and walk out roof deck with 20 ft ceilings and large glass windows currently rented for $2350/month! One bedroom is on the 3rd floor rear with the other located on the 4th floor with a full bathroom. This spacious triplex is only steps away from Philadelphia Brewing Co., York-Dauphin Station and Huntingdon Station into Center City, Urban Axes, Franny Lou's Porch, Temple University Hospital, Amalgam Coffeehouse, Martha, Memphis Taproom, Save-A-Lot Grocery, and much more. Reach out to the listing agent to schedule a private showing. Property is located in a PA Federal Opportunity Zone.
Exterior Features

Architectural Style Traditional Construction Materials BrickVinyl Siding Garage YN No Parking Types On Street Patio And Porch Features BrickBalconies- MultipleDeck(s) Pool No Pool Roof Rubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4000 Appliances DishwasherDisposalDryer - ElectricEnergy Efficient AppliancesExhaust FanIcemakerIntercomMicrowaveOven/Range - ElectricStainless Steel AppliancesRefrigeratorWasherWater Heater - High-Efficiency Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Flooring Hardwood Heating CentralForced Air Heating YN Yes Inclusions 3 refrigerators and 3 washer/dryers Interior Features Combination Kitchen/LivingFloor Plan - OpenIntercomKitchen - IslandSprinkler SystemUpgraded CountertopsWindow Treatments Rooms Total 6 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3 Units Furnished Some

Property Features

Accessibility Features None Central Air YN Yes Construction Completed YN Yes Cooling Fuel Electric Existing Lease Type Yearly Foundation Details Concrete Perimeter Heating Fuel Electric Hot Water Electric Insurance Expense 2611.00 Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 67281.00 New Construction YN Yes Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 6473.00 Original MLSNumber 803059257456 Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2296.00 Tax Lot 227 Total Actual Rent 80700.00 Trash Expense 300.00 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of KW Empower: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T23:49:50.77.
 
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