Property

Philadelphia, PA 19121 1945 N Gratz Street

1945 N Gratz Street Philadelphia, PA - Image 11945 N Gratz Street Philadelphia, PA - Image 21945 N Gratz Street Philadelphia, PA - Image 3
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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2411506
  • 10/18/2024
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  • Beds • 3

Home Details

Discover an exceptional investment opportunity at 1945 N. Gratz St., situated in the thriving Temple University area. This duplex was beautifully renovated in 2018 and still benefits from the remainder of a 10-year tax abatement! Fully occupied through July 2025, this property offers an ideal blend of modern amenities and convenience, attracting students and renters alike. **Unit A** features a thoughtfully designed layout with hardwood floors throughout, accommodating 3 spacious bedrooms, each with its own private bathroom, plus an additional half bath on the first floor. The unit's well-appointed kitchen opens to the living area and this unit features a fenced spacious back patio, perfect for outdoor gatherings and BBQs. Each bedroom is equipped with custom closets, providing ample storage space, a feature highly valued by tenants. **Unit B** boasts 5 generously sized bedrooms and 3 modern bathrooms, making it an attractive option for students seeking comfort and style. The kitchen, adorned with sleek white cabinetry, a large island and stainless steel appliances, offers a fresh, contemporary look. Carpeting throughout the bedrooms adds an extra layer of soundproofing, enhancing privacy and tranquillity. Both units are separately metered and include air conditioning for comfort during warmer months and a security system for peace of mind. This property not only meets the demands of the current rental market but also stands out as a lucrative investment in a sought-after location. Don't miss your chance to own this exceptional property in the heart of the Temple University area.
Presented By: Compass Pennsylvania, LLC

Interior Features for 1945 N Gratz Street

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
BasementFully Finished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Wood
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1945 N Gratz Street

AccessibilityNone
Architectural StyleTraditional
Association Recreation FeeN
Cap Rate7.10
CityPHILADELPHIA
Construction MaterialsBrick Front
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directions1945 N Gratz St
FULLFee Simple
Garage Y/NNo
Gross Income46920.00
HeatingCentral, Forced Air
Lot Size Square Feet1205.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2024-10-18T15:35:30
MunicipalityPHILADELPHIA
Net Operating Income39101.00
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal2
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnerPaysCommon Area Maintenance, Heater Maintenance Contract, Insurance, Pest Control, Snow Removal, Taxes - Real Estate, Water
PossessionSettlement
Price Per Sq Ft Total AG304.04
Property ConditionVery Good
Property SubtypeDuplex
Property TypeMulti-Family
RoofFlat
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount1686.0
Tax Assessed Value120448.0
Tax Lot252
Tax Year2024
Total SQFT1809
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRM1

Exterior for 1945 N Gratz Street

Foundation DetailsConcrete Perimeter
InclusionsAppliances
Land Assessed Value94100.00
Land Use CodeO50
Lot Dimensions15.00 x 80.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $550,000
MLS#PAPH2411506
List Date 10/18/2024
Property Type Multi-Family
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