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Key Details
Sold Price $2,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Powelton Village
MLS Listing ID 1002429986
Sold Date 10/10/16
HOA Y/N N
Originating Board TREND
Year Built 1930
Annual Tax Amount $4,905
Tax Year 2016
Lot Size 1,564 Sqft
Acres 0.04
Lot Dimensions 17X92
Property Description
Rare opportunity to purchase a DREXEL UNIVERSITY PORTFOLIO of stabilized properties in ultra-prime Powleton Village locations in close proximity to campus. This student housing portfolio has historically been 100% occupied and is currently 100% occupied and 100% rented through the 2016/2017 school year. These renovated properties feature updated kitchens/baths and have been well maintained by current ownership. This package is turnkey with years of historical data available upon request. Gross Ann Inc ? $253,000. NOI approx. $193,000. 30 beds total in portfolio.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Water Access N
Accessibility Mobility Improvements
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 241223200
Ownership Fee Simple
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Bought with Frank L DeFazio • BHHS Fox & Roach-Center City Walnut
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