NOT LISTED FOR SALE

1725 W Berks St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $523,000 - $586,446

-- Bed
-- Bath
2,196 Sq Ft
$255/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $479,000 $218 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,516/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Stainless Steel Appliances
  • Stacked Washer and Dryer
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of August 2021

1725 W. Berks St. is a 2-unit building close to Temple University. Both units offer great space, the first (Unit A) is a 4 bedroom with 2 baths and the second (Unit B) is a 4 bedroom with 2 baths. The building is fully occupied with tenants offering the potential buyer a cash flowing property right off the bat. Unit A has renters until end of July 2021. Unit A is currently leased for $2000/month. Unit B is also occupied with tenants and currently leased for $2460/month. Unit B is renewed to end of July 2022 for $2500/month. The building is currently managed by SlateHouse Group Property Management. This is an ideal property for any new or seasoned investors looking to get into the Temple Student housing market. Please email or call the listing agent for more information. Please also find the attached documents: SPD and Financials.

Last Agent to Sell the Property

Benjamin Pabst

(267) 428-6393 benjaminpabst22@gmail.com Iron Valley Real Estate Lower Gwynedd License #RS320711 Listed on: 06/25/2021

Iron Valley Real Estate Lower Gwynedd

Last Buyer's Agent

Stephen Kennedy

(267) 614-3033 stephenkennedy@kw.com KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,633

Year Built

  • Built in 1915

Lot Details

  • 1,184 Sq Ft Lot
  • Lot Dimensions are 16.00 x 74.00

Parking

  • On-Street Parking

Home Design

  • 2,196 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Masonry

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Laundry

  • Stacked Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Lot 184
  • Assessor Parcel Number 321132700

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Gross Income $53,520
  • Net Operating Income $36,297

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,633

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: 1725 W. Berks St. is a 2-unit building close to Temple University. Both units offer great space, the first (Unit A) is a 4 bedroom with 2 baths and the second (Unit B) is a 4 bedroom with 2 baths. The building is fully occupied with tenants offering the potential buyer a cash flowing property right off the bat. Unit A has renters until end of July 2021. Unit A is currently leased for $2000/month. Unit B is also occupied with tenants and currently leased for $2460/month. Unit B is renewed to end of July 2022 for $2500/month. The building is currently managed by SlateHouse Group Property Management. This is an ideal property for any new or seasoned investors looking to get into the Temple Student housing market. Please email or call the listing agent for more information. Please also find the attached documents: SPD and Financials.
  • Special Features: None

Interior Features

  • Appliances: Stainless Steel Appliances, Washer/Dryer Stacked, Refrigerator, Oven/Range - Electric, Microwave, Dishwasher, Disposal
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2196
  • Living Area Sq Ft: 2196
  • Price Per Sq Ft: 234.52
  • Above Grade Finished Sq Ft: 2196
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1725

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 74.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1184.00
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 53520.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3091.00
  • Tax Annual Amount: 5633.00
  • Assessor Parcel Number: 321132700
  • Tax Lot: 184
  • Tax Total Finished Sq Ft: 2196
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/25/2021

Multi Family

  • Gross Income: 53520.00
  • Gross Scheduled Income: 53520.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 3.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 13, 2021
Sold by
Ym Capital Llc
Bought by
Brizeus Franco Thevia and Franco Bruce F
Seller's Agent
Benjamin Pabst
Iron Valley Real Estate Lower Gwynedd
Buyer's Agent
Stephen Kennedy
KW Empower
List Price
$515,000
Sold Price
$479,000
Premium/Discount to List
-$36,000
-6.99%
Current Estimated Value
$559,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,482
Avg. Annual Appreciation
3.79%
Original Mortgage
$463,013
Interest Rate
3.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 2018
Sold by
Berks Holdings Llc
Bought by
Ym Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,125
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2010
Sold by
Porter Stanley
Bought by
Berks Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
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
Brizeus Franco Thevia $479,000 Assurance Abstract Corp
Ym Capital Llc $477,500 Horizen Abstract Co Inc
Berks Holdings Llc $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brizeus Franco Thevia $463,013
Previous Owner Ym Capital Llc $358,125
Previous Owner Berks Holdings Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2021 08/25/21 Sold $479,000 -7.0% $218 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $515,000 -- $235 / Sq Ft
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
2025 $6,698 $407,800 $81,500 $326,300
2024 $6,698 $407,800 $81,500 $326,300
2023 $6,698 $478,500 $95,700 $382,800
2022 $5,633 $478,500 $95,700 $382,800
2021 $5,633 $0 $0 $0
2020 $859 $0 $0 $0
2019 $811 $0 $0 $0
2018 $588 $0 $0 $0
2017 $588 $0 $0 $0
2016 $149 $0 $0 $0
2015 $162 $0 $0 $0
2014 -- $400,000 $7,535 $392,465
2012 -- $37,120 $3,712 $33,408
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Pabst

    Seller's Agent in 2021

    Benjamin Pabst

    Iron Valley Real Estate Lower Gwynedd

    (267) 428-6393

    3 in this area

    30 Total Sales

    Benjamin Pabst
    Section Image
  • Stephen Kennedy

    Buyer's Agent in 2021

    Stephen Kennedy

    KW Empower

    (267) 614-3033

    18 in this area

    376 Total Sales

    Stephen Kennedy
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2004320

Bright MLS

APN: 321132700

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

1725 W Berks St, Philadelphia, PA

This home is located at 1725 W Berks St, Philadelphia, PA 19121 since 25 June 2021 and is currently estimated at $559,482, approximately $254 per square foot. This property was built in 1915. 1725 W Berks St is a home located in Philadelphia County with nearby schools including Strawberry Mansion High School, Alliance for Progress Charter School, and Frederick Douglass Elementary.

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