39.9825096130371 -75.1648101806641

1820 W BERKS ST PHILADELPHIA, PA 19121

313269760 39.9825096130371 -75.1648101806641 230 /listing/313269760-150210408/1820-w-berks-st-philadelphia-pa-19121 False 0 460000.0000 2655 104 PAPH2101552 False
  • $460,000
  • 2,655 sqft
  • 0.03 lot
  • Est payment $2469.38/mo

Property & Neighborhood Info

Courtesy Of Coldwell Banker Realty

Condo/Townhome in PHILADELPHIA

Opportunity to acquire a fully occupied triplex with tax abatement on one of the most desirable blocks for Temple University off-campus housing. All units have leases in place through July 2023. This building features three units and eight bedrooms. Unit 1 is bi-level 4BR/2BA, Unit 2 is a 2BR/1BA and Unit 3 is a 2BR/1BA. The building is currently being offered at a "market rents" cap rate of 8.59%. The current rent roll demonstrates a 6.93% cap rate, offering the new owner a quantifiable value add opportunity to increase rents in the coming years. Each unit features granite countertops, tile backsplash, stainless steel appliances, cherry cabinetry, hardwood flooring in common areas, and carpeted bedrooms. This turnkey investment offers tremendous upside while simultaneously offering security in the form of strong rental history. Tenants are charged a monthly flat rate for water. All other utilities are tenant responsibility and paid directly to provider. The building is currently professionally managed by one of Temple University’s most trusted off-campus property management teams, TPR Homes. TPR Homes is will to honor current management rate (5% of gross rents collected) to new ownership. 1820 W Berks is also being offered as part of a package sale with 1739 W Berks. Please reference PAPH2118010.Ask your agent to review all digital material (video available) and documentation prior to touring. Current annual income is $42,700.

Courtesy Of Coldwell Banker Realty
  1. 2,655 Sq. Ft.
  2. 0.03 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1915
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: PHILADELPHIA
  • Taxes: $992.00
  • Tax Year: 2022
  • Units: 3
  • MLS Number:PAPH2101552

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Fireplace Y/N:
    • No
  • Foundation:
    • Permanent
  • Heating:
    • Central
  • Heating Fuel:
    • Natural Gas
  • Lot SF Source:
    • Assessor
  • Municipality:
    • PHILADELPHIA
  • New Construction:
    • No
  • Possession:
    • 0-30 Days CD
    • 31-60 Days CD
    • 61-90 Days CD
  • Rental Features:
    • No
  • Sewer:
    • Private Sewer
  • Water Access:
    • No
  • Water Heater:
    • Electric
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Assessment Year:
    • 2022
  • Cap Rate:
    • 8.59
  • List Type (Exclusive):
    • Exclusive Right
  • MLSSystem ID:
    • BRIGHT
  • Price Per SQFT:
    • 173.26
  • Rent Amount:
    • 42720.00
  • Sourced By:
    • Bright MLS
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
39.9825096130371 -75.1648101806641

1820 W BERKS ST PHILADELPHIA, PA 19121

313269760 39.9825096130371 -75.1648101806641 230 /listing/313269760-150210408/1820-w-berks-st-philadelphia-pa-19121 False 0 460000.0000 2655 104 PAPH2101552 False
  • $460,000
  • 2,655 sqft
  • 0.03 lot
  • Est payment $2469.38/mo