NOT LISTED FOR SALE

1950 N Gratz St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $1,306,000 - $1,429,240

-- Bed
5 Baths
3,916 Sq Ft
$349/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $1,221,000 $312 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,548/month

35 Days on Market

Highlights

  • Gourmet Kitchen
  • Straight Thru Architecture
  • Ceiling height of 9 feet or more
  • Open Floorplan
  • Wood Flooring
  • No HOA

About This Home

As of October 2021

Do not miss out on the opportunity to add this income producing Temple University triplex to your portfolio! The building offers one 5 bed 5 bathroom unit and two 4 bedroom 2.5 bathroom units. All three units are already fully leased for the upcoming 2021-22 school year and commissions have already been paid! The gross annual income for the 2021-22 school year is $107,220 with estimated expenses at only $15,353.40 with roughly 7 years left on the tax abatement. The estimated annual rent increases are 1.5-3%. The units feature hardwood flooring, stone countertops, gray shaker cabinetry, and all have washers and dryers in the units, the upper unit has a roof top deck. With an estimated net operating income of $91,867.60, this building is a cash flow machine and will be a great addition to any investors portfolio! The location is great, just a short walk to Temple's campus for students.

Last Agent to Sell the Property

James Romano

Keller Williams Real Estate-Blue Bell License #AB069112 Listed on: 06/25/2021

Keller Williams Real Estate-Blue Bell

Last Buyer's Agent

James Romano

Keller Williams Real Estate-Blue Bell License #AB069112 Listed on: 06/25/2021

Keller Williams Real Estate-Blue Bell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,147

Year Built

  • Built in 2017

Lot Details

  • 1,301 Sq Ft Lot
  • Lot Dimensions are 16.00 x 81.33
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Masonry

Interior Spaces

  • 3,916 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Family Room Off Kitchen

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 167
  • Assessor Parcel Number 321248900

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Temple University Subdivision

Building Details

  • Income includes apartment rentals
  • Operating Expense $15,352
  • Net Operating Income $91,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,147

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Inclusions: All Appliances
  • New Construction: No
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: Do not miss out on the opportunity to add this income producing Temple University triplex to your portfolio! The building offers one 5 bed 5 bathroom unit and two 4 bedroom 2.5 bathroom units. All three units are already fully leased for the upcoming 2021-22 school year and commissions have already been paid! The gross annual income for the 2021-22 school year is $107,220 with estimated expenses at only $15,353.40 with roughly 7 years left on the tax abatement. The estimated annual rent increases are 1.5-3%. The units feature hardwood flooring, stone countertops, gray shaker cabinetry, and all have washers and dryers in the units, the upper unit has a roof top deck. With an estimated net operating income of $91,867.60, this building is a cash flow machine and will be a great addition to any investors portfolio! The location is great, just a short walk to Temple's campus for students.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Freezer, Microwave, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Built-Ins, Carpet, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Wood Floors
  • Wall Ceiling Types: Dry Wall, High, 9'+ Ceilings
  • Basement: Yes
  • Basement Type: Daylight, Partial, Full, Fully Finished
  • Total Sq Ft: 3916
  • Living Area Sq Ft: 3916
  • Price Per Sq Ft: 331.97
  • Above Grade Finished Sq Ft: 3916
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1950

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
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 81956.00
  • Land Use Code: W70
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 81.33
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1301.00
  • Property Condition: Very Good, Excellent
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Total Actual Rent: 107220.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1073988
  • School Tax: 630.00
  • Tax Annual Amount: 1147.00
  • Assessor Parcel Number: 321248900
  • Tax Lot: 167
  • Tax Total Finished Sq Ft: 3916
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/28/2021

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 15352.40
  • Other Units: Unit 1,Unit 2,Unit 3

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
Sep 30, 2021
Sold by
Chase Investment Llc
Bought by
Selardiglia Properties Llc
Seller's Agent
James Romano
Keller Williams Real Estate-Blue Bell
Buyer's Agent
James Romano
Keller Williams Real Estate-Blue Bell
List Price
$1,300,000
Sold Price
$1,221,000
Premium/Discount to List
-$79,000
-6.08%
Current Estimated Value
$1,367,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,620
Avg. Annual Appreciation
2.57%
Original Mortgage
$976,800
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2017
Sold by
Tu Investments Two Llc
Bought by
Chase Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,500
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2013
Sold by
J A K Real Estate Investment Llc
Bought by
Tu Investments Two Llc

Purchase Details

Closed on
Oct 3, 2011
Sold by
Wright Clarence
Bought by
Jak Real Estate Investment Llc
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
Selardiglia Properties Llc $1,221,000 Greater Montgomery Settlement
Chase Investment Llc $150,000 Springfield Abstract Inc
Tu Investments Two Llc $70,000 None Available
Jak Real Estate Investment Llc $10,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sciardiglia Properties Llc $480,000
Previous Owner Selardiglia Properties Llc $976,800
Previous Owner 2019 From Chase Investments Llc $993,000
Previous Owner Chase Investments Llc $601,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $1,221,000 -6.1% $312 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $1,300,000 -- $332 / 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 $1,146 $900,600 $180,120 $720,480
2024 $1,146 $900,600 $180,120 $720,480
2023 $1,146 $585,400 $81,900 $503,500
2022 $1,147 $81,900 $81,900 $0
2021 $1,147 $0 $0 $0
2020 $1,147 $0 $0 $0
2019 $1,147 $0 $0 $0
2018 $904 $0 $0 $0
2017 $904 $0 $0 $0
2016 $115 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $8,200 $8,200 $0
2012 -- $448 $448 $0
Source: Public Records

Agents Affiliated with this Home

  • James Romano

    Seller's Agent in 2021

    James Romano

    Keller Williams Real Estate-Blue Bell

    (215) 520-6839

    6 in this area

    331 Total Sales

    James Romano
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Map

Source: Bright MLS

MLS Number: PAPH2004430

Bright MLS

APN: 321248900

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

1950 N Gratz St, Philadelphia, PA

This home is located at 1950 N Gratz St, Philadelphia, PA 19121 since 25 June 2021 and is currently estimated at $1,367,620, approximately $349 per square foot. This property was built in 2017. 1950 N Gratz 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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