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$600,000
42 Days Online

1739 W Berks Street
Philadelphia, PA 19121

For Sale|Multi-Family|Active
County:
Philadelphia

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1739 W Berks Street1739 W Berks Street1739 W Berks Street1739 W Berks Street
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Opportunity to acquire a fully occupied duplex on one of the most desirable blocks of the off-campus student housing community. Each unit is 4 bedrooms and have renewals in place through July 2023, which ensures new owner has no leasing and turnover efforts to oversee until 2023. The building features two, equally sized units with inverted layouts and a shared rear patio. Each unit features a spacious first floor living area with kitchen, two floors of well spaced out bedrooms and large bathrooms, and an unfinished basement space with washer/dryer and plenty of area for storage. Tenants are charged a monthly flat rate for water. All other utilities are tenant responsibility and paid directly to provider. Ownership prioritized early occupancy and renewal interest over extended pre-leasing efforts to new achieve higher rent roll over the past 24 months - a period that realized an uncharacteristic drop in demand for off-campus housing due to COVID-19 and available remote learning opportunities. This turnkey package investment offers tremendous upside while simultaneously offering security in the form of strong rental history. This property can be purchased as part of a package sale with triplex located at 1820 W Berks (PAPH2101552). Current annual income for 1739 W Berks is $52,800. Pro-forma is attached. Leases available for review upon request.

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Listing Snapshot
Price 
$600,000
Days Online 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,958 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.03 Acres
Year Built 
2011
MLS Number 
PAPH2118010
Status 
Active
Property Tax 
$7,190
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
12 hours agoListing updated with changes from the MLS
a month agoStatus changed to Active
a month agoPrice changed to $600,000
a month agoListing first seen online
General Features
Style 
Other
Water 
Public
Sewer 
Public Sewer
Garage 
No
Foundation 
Permanent
Other Structures 
Above GradeBelow Grade
Construction Materials 
Masonry
Zoning 
RM1
Interior Features
Heating 
Central
Cooling 
Central A/C
Central Air 
Yes
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Community Features
Accessibility Features 
None
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Coldwell Banker Realty



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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