Philadelphia, PA 19151,833 N 63RD ST
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Philadelphia, PA 19151,833 N 63RD ST
Philadelphia, PA 19151,833 N 63RD ST

$525,000

Est. payment /mo

$499,999

5.0%
Est.Price: ?

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833 N 63RD ST Philadelphia, PA 19151

3,426 SqFt

SOLD DATE : 05/09/2024

Key Details

Sold Price $525,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,426 sqft

Price per Sqft $153

MLS Listing ID PAPH2322684

Sold Date 05/09/24

Style Other

Abv Grd Liv Area 3,426

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $5,599

Tax Year 2022

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 0.00 x 125.00

Property Description

Nestled at 833 N 63rd Street, mere minutes from the bustling City Line Avenue and conveniently close to various public transportation options, this quadplex presents a rare opportunity for discerning investors seeking both immediate returns and long-term potential. Renovated in 2017, each of the four distinct apartments exudes modern charm and timeless appeal, boasting elegant wood floors, exposed brick accents, and gleaming stainless steel appliances.

The property's strategic location is further complemented by its proximity to a burgeoning development landscape, with a brand-new six-unit apartment building under construction adjacent to it, promising favorable future comparables.

**Unit Configurations and Rental Income:**

- **Apartment 1:** A spacious 2-bedroom, 2-bathroom sanctuary, commanding $1800 per month in rent.

- **Apartment 2:** Featuring 2 bedrooms and 1 bathroom, this unit offers comfortable living at $1500 monthly.

- **Apartment 3:** Another inviting 2-bedroom, 2-bathroom retreat, generating $1500 in monthly rental income.

- **Apartment 4:** Ideal for individuals or couples, this 1-bedroom, 1-bathroom haven commands $1200 per month.

**Operating Costs:**

- **PECO Common Area:** A reasonable $290 ensures efficient electricity distribution across common spaces.

- **Philadelphia Water Department:** $350

- **Landscaping:** With a monthly upkeep cost of $120 (May-November), the property's exterior maintains its inviting allure.

- **HVAC Maintenance:** Scheduled preventative maintenance, budgeted at $1200 annually, ensures optimal functionality of heating, ventilation, and air conditioning systems.

- **Insurance:** Currently estimated at $4052, adjustments are advised to optimize expenses and enhance profitability.

- **Taxes:** Set at $5599

This meticulously maintained quadplex not only promises immediate returns through its robust rental income but also stands poised to capitalize on the area's burgeoning development, making it an irresistible prospect for investors seeking both stability and growth in Philadelphia's dynamic real estate market.

Location

State PA

County Philadelphia

Area 19151 (19151)

Zoning RTA1

Interior

Interior Features Ceiling Fan(s)

Hot Water Electric

Heating Forced Air

Cooling Central A/C, Ceiling Fan(s)

Flooring Wood

Fireplace N

Window Features Energy Efficient,Replacement

Heat Source Natural Gas

Exterior

Utilities Available Electric Available

Water Access N

Roof Type Pitched

Accessibility None

Garage N

Building

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 342361720

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Aaron Wallace • Keller Williams Main Line
Bought with Aaron Wallace • Keller Williams Main Line

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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