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Key Details
Sold Price $432,500
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,513 sqft
Price per Sqft $172
MLS Listing ID PAPH2235842
Sold Date 08/24/23
Style Straight Thru
Abv Grd Liv Area 2,513
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $5,094
Tax Year 2022
Lot Size 1,182 Sqft
Acres 0.03
Lot Dimensions 32.00 x 76.00
Property Description
3601-3603 Melon St is a pair of joined duplexes located in Philadelphia's booming Mantua neighborhood, a few blocks from Drexel University and a few minutes from the University of Pennsylvania. Built in 2014, these newer properties with gross rents of $49,680.00 per year, feature mirrored layouts with a total of four 2-bedroom, 1-bathroom apartments. Each apartment has the bedrooms on opposite ends, great for roommate privacy, a full hall bathroom, and an open living room and modern kitchen at the center. The lower units have access to the rear yards and the basements. The owners expenses are minimal and the buildings offer a 7.5% cap rate. This is a fully rented, turnkey opportunity! Not only is this location minutes from nearby universities, it's also close to the Philadelphia Museum of Art, Kelly Drive, the extensive Schuylkill River Trail, and the Philadelphia Zoo. Plus, there's easy access to public transit, I-76, and I-676. Schedule your tour today!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 242112200
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut