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Listing 14 out of 5,986
$835,000 For Sale

4052 Baring Street
Philadelphia, PA 19104

Multi Family Home
1307 sq ft lot - MLS# PAPH509984
Property Photo
1/21

Description

Triplex student housing apartment building in University City. Walking distance to Drexel University and University of Pennsylvania. Unit A has 5 bedrooms 2 bathrooms. Unit B has 3 bedrooms 1 bathroom. Unit C has 3 bedroom 1 bathroom. The whole building is fully furnished. All tenants are Drexel and U Penn students. Currently 100% occupied to the end of July or August, 2020. Monthly rent $6005. This building has been always 100% rented since it was built in 2013. 10 years tax abatement to the year of 2024. At the current asking price, the net CAP rate is about 7.7%. This is a great investment opportunity in University City market! Call or text at 215-360-7811 to make appointment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Triplex, End of Row/Townhouse
  • Listing Status: Active
  • County/Area: Philadelphia County
  • Zip Code: 19104
  • Year Built: 2013
  • Subdivision/Neighborhood: West Powelton
  • School District: The School District Of Philadelphia
  • Sq.Ft.: 3,570 sq ft
  • Style: Dwelling with Rental
  • Bedrooms: 11
  • Full Baths: 4
  • Basement: Yes, Full
  • Lot Size: 1307 sq ft lot
  • Baths: 4
  • View: City
  • Zoning: RSA5
  • Above Grade Fin SQFT: 3,570
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Above Grade Unfin Area Units: Square Feet
  • Above Grade Unfin SQFT Source: Estimated
  • Annual Rental Income: $72060.00
  • Below Grade Fin SQFT Source: Estimated
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Level Count: 3
  • Building Total SQFT: 2,598
  • Building Units Total: 3
  • Cap Rate: 7.70
  • Central Air Y/N: Yes
  • Construction Materials: Masonry
  • Cooling: Electric
  • Cooling Type: Central A/C
  • Electric Avg / Month: 30.0
  • Electric Service: 120/240V
  • Heating: Natural Gas
  • Heating Type: Central
  • Heating Y/N: Yes
  • Hot Water: Multi-tank, Electric
  • Improvements: Above Grade, Below Grade
  • Inclusions: All fixtures and furniture included.
  • Lot Dimensions: 16 x 85
  • Lot Dimensions Source: Plans
  • Lot SQFT: 1,360
  • Lot Size Source: Plans
  • Lot Size Units: Square Feet
  • Municipal Trash Y/N: Yes
  • Other Units: Unit 1, Unit 2, Unit 3
  • Ownership Interest: Fee Simple
  • Photo Option: Lister Will Upload All
  • Property Condition: Turn Key
  • Roof: Flat
  • Room Count: 11
  • SchoolDistrictSource: Listing Agent
  • Sewer Septic: Public Sewer
  • Tax Annual Amount: 1128.78
  • Tax Year: 2019
  • Three Bedroom Units Count: 3
  • Total Below Grade SQFT Source: Estimated
  • Total Finished SQFT: 3,570
  • Total Finished SQFT Source: Estimated
  • Total SQFT Source: Estimated
  • Units Furnished: All
  • Units Leased Count: 3
  • Utilities: Electric Available, Cable TV, Water Available, Sewer Available, Natural Gas Available
  • Water Avg / Month: 130.0
  • Water Source: Public
  • Year Built Source: Builder
Courtesy of Liberty Real Estate

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Len DeFinis Jr. | 215-681-3259 | Contact Me
9622 Bustleton Ave Ste1 - Philadelphia, PA 19115
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