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1540 W TIOGA STREET

PHILADELPHIA, PA 19140

MLS#: PAPH2432732

$420,000

Status: Closed
Listing number: PAPH2432732
Listing provided by: KW Empower
Listing agent phone: None
Last update: 1 year, 7 months ago
On site: 1 year, 10 months ago
Browse Properties
NICETOWN-TIOGA - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1940

Sq.Footage

2,048

Amazing investment opportunity. This modern, fully occupied 3-unit multi-family property, renovated in 2021, is situated in the highly sought-after neighborhood of Philadelphia just steps from Temple University Hospital. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases, as well as owner user capability utilizing the income from the additional units to offset expenses. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors, and includes approximately seven years remaining on a tax abatement. The unit mix includes one (1) studio unit, one (1) 2-bedroom, 1-bathroom unit and one (1) 3-bedroom, 2-bathroom unit. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Nine property portfolio, can be purchased individually or as a full / partial portfolio (2243 N. Broad St., 2207 N. Broad St., 1730 Ridge Ave., 1230 N Marshall St., 1520 N. 7th St., 1805 N. 6th St., 1917 N. 7th St., 2010 N. 8th St., 1540 W. Tioga St.).

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2048.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,232

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $420,000

  • Tax Amount

    $1,161

  • Sq. Footage

    2,048

  • Price/SqFt

    $205

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    47

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Jim Onesti, KW Empower

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Call Theresa today to schedule a private showing.

(215) 605-9647

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Amazing investment opportunity. This modern, fully occupied 3-unit multi-family property, renovated in 2021, is situated in the highly sought-after neighborhood of Philadelphia just steps from Temple University Hospital. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases, as well as owner user capability utilizing the income from the additional units to offset expenses. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors, and includes approximately seven years remaining on a tax abatement. The unit mix includes one (1) studio unit, one (1) 2-bedroom, 1-bathroom unit and one (1) 3-bedroom, 2-bathroom unit. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Nine property portfolio, can be purchased individually or as a full / partial portfolio (2243 N. Broad St., 2207 N. Broad St., 1730 Ridge Ave., 1230 N Marshall St., 1520 N. 7th St., 1805 N. 6th St., 1917 N. 7th St., 2010 N. 8th St., 1540 W. Tioga St.).

1540 W TIOGA STREET

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