1945 Gratz StPhiladelphia, PA 19121
- Hospitality properties
- 1,809 SF
Property Details for 1945 Gratz St
- Year built
- 1915
- Property size (Sq ft)
- 1,809 SF
- Property type
- Hospitality properties
- Property subtype
- Multifamily properties
Description
Exceptional investment opportunity in Philadelphia's Temple University area. This renovated three-story duplex (1,809 sq ft) boasts two units, each with multiple bedrooms and modern bathrooms. Unit A features 3 bedrooms, 3.5 baths, hardwood floors, a fenced patio, and custom closets. Unit B offers 5 bedrooms, 3 baths, carpeting, a modern kitchen with stainless steel appliances, and a large island. Both units are separately metered and include air conditioning and a security system. Built in 1915 and renovated in 2017, this property sits on a 1,205 sq ft lot and is currently 100% occupied, generating a $39,101 NOI and a 7.11% cap rate. The asking price is $550,000 ($275,000 per unit, $304.04 per sq ft). The property benefits from a remaining tax abatement and is zoned RM1. This turnkey investment offers strong rental income and significant potential for future appreciation in a high-demand student housing market.
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9837
- Longitude
- -75.164
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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