NOT LISTED FOR SALE

1423 N 18th St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $824,000 - $1,957,834

-- Bed
12 Baths
-- Sq Ft
1,880 Sq Ft Lot

Last Sold October 23, 2017

Last sale price $740,000

Est. 73% increase in value since last sale

Current estimated payment $6,987/month

Highlights

  • Newly Remodeled
  • En-Suite Primary Bedroom
  • Heating Available
  • No HOA
  • Central Air

About This Home

As of October 2017

Incredible investment opportunity near Temple University! Introducing 1423 N. 18th Street, this new construction triplex offers 3 separate units with separate meters for electric and quality finishes that will attract great rents. Unit 1 offers the first floor, the full finished basement and the back yard. With 4 bedrooms and 4.5 bathrooms (one in every bedroom) and tons of common living space, in-unit laundry, high efficiency HVAC system, PEX manifold plumbing system this unit will conservatively generate $2200 per month - if not more! The second and third floor units each offer 4 beds and 4 baths with in-unit laundry and an eat in kitchen. These two units will each conservatively generate $2000 in monthly rental income. This property can be a blue chip addition to your investment portfolio! Don't miss out on this cash cow. The home also has a pending tax abatement which will decrease your expenses for the next 10 years. Expected delivery date is in August 2017.

Last Agent to Sell the Property

Michael McCann

mccann@mccannteam.com KW Empower License #AB049770L Listed on: 06/14/2017

KW Empower

Co-Listed By

Daniel Evenchen

(267) 391-9308 daniel@mccannteam.com KW Empower

Last Buyer's Agent

Ray Peslar

(484) 318-9045 realtorraymondmichael@gmail.com EXP Realty, LLC License #RS-0036532

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $112

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 1,880 Sq Ft Lot
  • Lot Dimensions are 20x94

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 471290110

Community Details

Overview

  • No Home Owners Association
  • Temple University Subdivision

Building Details

  • Operating Expense $112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$112

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2017
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 20X94
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1880.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 78000.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 112.00
  • Assessor Parcel Number: 471290110
  • Tax Lot: 105
  • Tax Year: 2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2017
Closed on
Oct 23, 2017
Sold by
1423 N 18Tj Street Llc
Bought by
Guo Wei Zhao
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Ray Peslar
EXP Realty, LLC
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Current Estimated Value
$1,279,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,278
Avg. Annual Appreciation
7.05%
Original Mortgage
$586,000
Outstanding Balance
$487,765
Interest Rate
3.78%
Mortgage Type
Commercial
Estimated Equity
$791,513

Purchase Details

Closed on
Jun 9, 2016
Sold by
Iwndley Isa
Bought by
1423 N 18Th Street Llc

Purchase Details

Closed on
Jun 8, 2007
Sold by
Philadelphia Housing Development Corp
Bought by
Hammond Theresa and Hundley Isa

Purchase Details

Closed on
Sep 21, 2005
Sold by
Philadelphia Housing Authority
Bought by
Philadelphia Housing Development Corp
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Guo Wei Zhao $740,000 Aaron Abstract Co
1423 N 18Th Street Llc $60,000 None Available
Hammond Theresa $2,240 None Available
Philadelphia Housing Development Corp $2,157 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guo Wei Zhao $586,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2017 10/23/17 Sold $740,000 -4.5% --
07/24/2017 07/24/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $775,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,490 $1,145,600 $229,120 $916,480
2025 $3,490 $1,145,600 $229,120 $916,480
2024 $3,490 $1,145,600 $229,120 $916,480
2023 $3,490 $1,246,700 $249,300 $997,400
2022 $2,670 $249,300 $249,300 $0
2021 $2,670 $0 $0 $0
2020 $2,670 $0 $0 $0
2019 $2,581 $0 $0 $0
2018 $112 $0 $0 $0
2017 $112 $0 $0 $0
2016 $112 $0 $0 $0
2015 $107 $0 $0 $0
2014 -- $8,000 $8,000 $0
2012 -- $640 $640 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael McCann

    Seller's Agent in 2017

    Michael McCann

    KW Empower

    (215) 778-0901

    23 in this area

    1,649 Total Sales

    Michael McCann
    Section Image
  • Daniel Evenchen

    Seller Co-Listing Agent in 2017

    Daniel Evenchen

    KW Empower

    (267) 391-9308

    6 in this area

    173 Total Sales

    Daniel Evenchen
    Section Image
  • Ray Peslar

    Buyer's Agent in 2017

    Ray Peslar

    EXP Realty, LLC

    (484) 318-9045

    2 in this area

    39 Total Sales

    Ray Peslar
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000429633

Bright MLS

APN: 471290110

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

1423 N 18th St, Philadelphia, PA

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