NOT LISTED FOR SALE

2025 N 18th St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $419,000 - $557,000

-- Bed
5 Baths
2,286 Sq Ft
$214/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $470,000 $206 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,169/month

29 Days on Market

About This Home

As of May 2024

Enhance your investment portfolio with this exceptional turnkey opportunity, strategically positioned in the vibrant off-campus heart of Temple University. This meticulously crafted duplex emerges as a standout investment, initially constructed as new and diligently preserved by its original owner, ensuring its status as a coveted student rental haven.

The property showcases premium hardwood flooring, private outdoor access for leisure and gatherings, generously sized bedrooms for comfortable living, and an unbeatable location. Its proximity to the campus and public transportation facilities underscores convenience, making it an irresistible choice for students.

Currently, the property houses two units: the lower unit features 3 bedrooms and is leased for $1,875, while the upper unit boasts 4 bedrooms and is rented for $2,400. All leases are set to conclude by the end of July 2024, presenting a seamless transition for the new owner. The competitive landscape of student housing in the area, coupled with the ongoing development, signals a promising horizon for potential rent escalations, enhancing the investment's profitability.

Furthermore, there's an exclusive opportunity to expand your investment portfolio by acquiring this property in conjunction with 1713 Fontain Street, offering a strategic package deal. This investment not only promises immediate returns but also positions you advantageously in a market with a bright future for growth and development. Seize this opportunity to own a piece of the thriving Temple University area, a decision that promises both immediate rewards and long-term benefits.

Last Agent to Sell the Property

Or Aharon

(267) 270-6634 or@agentphl.com Keller Williams Liberty Place License #RS354310 Listed on: 02/18/2024

Last Buyer's Agent

David Adebiyi

(215) 837-4962 taiye1818@gmail.com Springer Realty Group License #RS307162

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,346

Year Built

  • Built in 2010

Lot Details

  • 1,136 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 2,286 Sq Ft Home
  • Duplex
  • Concrete Perimeter Foundation
  • Masonry

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 2 Units
  • Temple University Subdivision

Listing and Financial Details

  • Tax Lot 139
  • Assessor Parcel Number 321219600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,346

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Current tenants occupying the property, fixtures.
  • New Construction: No
  • Year Built: 2010
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 2286
  • Living Area Sq Ft: 2286
  • Price Per Sq Ft: 209.97
  • Above Grade Finished Sq Ft: 2286
  • Above Grade Finished Area Units: Square Feet

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: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1136.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 51300.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 7346.00
  • Assessor Parcel Number: 321219600
  • Tax Lot: 139
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2024
Closed on
May 10, 2024
Sold by
Omurphy Properties Llc
Bought by
St Theresa Properties Llc
Seller's Agent
Or Aharon
Keller Williams Liberty Place
Buyer's Agent
David Adebiyi
Springer Realty Group
List Price
$480,000
Sold Price
$470,000
Premium/Discount to List
-$10,000
-2.08%
Views
15
Current Estimated Value
$488,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,508
Avg. Annual Appreciation
2.64%
Original Mortgage
$376,000
Outstanding Balance
$370,285
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$118,223

Purchase Details

Closed on
May 11, 2009
Sold by
Pittmann Eric and Pittmann Nickolas
Bought by
O Murphy Properties Llc

Purchase Details

Closed on
Jun 5, 2008
Sold by
Norton Vince
Bought by
Pittmann Eric and Pittmann Nickolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2008
Sold by
Maschavo Llc
Bought by
Norton Vince

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2008
Sold by
Washington James
Bought by
Maschavo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
St Theresa Properties Llc $470,000 None Listed On Document
O Murphy Properties Llc $36,000 None Available
Pittmann Eric $35,000 None Available
Norton Vince $25,000 Commonwealth Land Title Insu
Maschavo Llc $1,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open St Theresa Properties Llc $376,000
Previous Owner Norton Vince $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $470,000 -2.1% $206 / Sq Ft
03/20/2024 03/20/24 For Sale $480,000 0.0% $210 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
02/18/2024 02/18/24 For Sale $480,000 -- $210 / 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
2026 $7,346 $524,800 $104,900 $419,900
2025 $7,346 $524,800 $104,900 $419,900
2024 $7,346 $524,800 $104,900 $419,900
2023 $7,346 $524,800 $104,900 $419,900
2022 $7,327 $524,800 $104,900 $419,900
2021 $1,044 $0 $0 $0
2020 $1,044 $0 $0 $0
2019 $1,009 $0 $0 $0
2018 $811 $0 $0 $0
2017 $811 $0 $0 $0
2016 $101 $0 $0 $0
2015 $707 $0 $0 $0
2014 -- $364,300 $7,231 $357,069
2012 -- $40,320 $4,032 $36,288
Source: Public Records

Agents Affiliated with this Home

  • Or Aharon

    Seller's Agent in 2024

    Or Aharon

    Keller Williams Liberty Place

    (267) 270-6634

    7 in this area

    44 Total Sales

    Or Aharon
    Section Image
  • David Adebiyi

    Buyer's Agent in 2024

    David Adebiyi

    Springer Realty Group

    (215) 837-4962

    2 in this area

    54 Total Sales

    David Adebiyi
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2323222

Bright MLS

APN: 321219600

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

2025 N 18th St, Philadelphia, PA

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