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1402 W PACIFIC ST Philadelphia, PA 19140
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Key Details
Sold Price $53,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,224 sqft
Price per Sqft $43
Subdivision Nicetown-Tioga
MLS Listing ID PAPH932924
Sold Date 10/09/20
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,224
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $671
Tax Year 2020
Lot Size 816 Sqft
Acres 0.02
Lot Dimensions 16.00 x 51.00
Property Description
Investor alert! Value add opportunity in the Temple Hospital District. This 3BR x 1BA end row home is currently rented, but has tremendous value add opportunity. In addition, this property is located in the Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Property is currently fully leased - collect $7.8K a year in rent/year or repair for a projected ARV of 90k! Strong rent growth and appreciation forecast in Temple Hospital area for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Rates are low and now is the time to buy/invest in Philadelphia real estate.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Doors - Lever Handle(s)
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 131023900
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Michael F Barrett • Coldwell Banker Hearthside Realtors
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