2339 North College Avenue

Philadelphia, PA 19121

$1,150,000
Price
8
Beds
8
Baths
4,510 Sq. Ft.
$255 / Sq. Ft.
4,510
Sq. Ft.
$255
per Sq. Ft.

Description

Welcome to 2339 n. College Ave, a rarely offered 4 unit multi family building in BREWERYTOWN brought to you by one of Philadelphias top boutique development firms, AXE PHILLY. Property highlights include 7-Years left on the a FULL 10 Year Tax Abatement, 7% CAP RATE with $92,400 in Gross Income, an opportunity to legalize parking in the year as this parcel runs street to street sitting on a 16 by 109 LOT, designer finishes, and a FULLY FURNISHED UNIT 1 that was previously being used as a short term...Welcome to 2339 n. College Ave, a rarely offered 4 unit multi family building in BREWERYTOWN brought to you by one of Philadelphias top boutique development firms, AXE PHILLY. Property highlights include 7-Years left on the a FULL 10 Year Tax Abatement, 7% CAP RATE with $92,400 in Gross Income, an opportunity to legalize parking in the year as this parcel runs street to street sitting on a 16 by 109 LOT, designer finishes, and a FULLY FURNISHED UNIT 1 that was previously being used as a short term rental. These apartments adhere to the highest building standards and boast top-quality finishes. With lofty ceilings and expansive windows, natural light floods each unit, imbuing them with a uniquely luxurious ambiance. Step into luxury with vinyl wood flooring throughout, complemented by sleek, modern touches. Each unit boasts a well-appointed kitchen equipped with stainless steel appliances, quartz counter tops that run up the backsplash, catering perfectly to culinary enthusiasts. All four units feature 2 bedrooms and 2 bathrooms, spanning from the basement to the third floor, with convenient laundry facilities and private outdoor space for each unit. Unit 1 - Located in the basement with 2 bedrooms, and 2 bathrooms for $1,800/mo. with walk out patio. (projected as currently setup as a short term rental)
Unit 2 - Located on the 1st floor with 2 bedrooms, and 2 bathrooms, with backyard access for $1,950/mo. Unit 3 - Located on the 2nd floor with 2 bedrooms, and 2 bathrooms for $1,850/mo. with private deck
Unit 4 - Located on the 3rd floor with 2 bedrooms, and 2 bathrooms, with roof deck patio access for $2,100/mo. (projected, tenant just moved out)
TOTAL- $7700/mo. or $92,400 a year

Situated across from Girard College, enjoy added security with the wide street and enhanced street lighting. Explore the vibrant nightlife and dining scene of Girard Ave, just a short 2-minute stroll away and less than 1 mile from the Art Museum, Whole Foods, and Fairmount Park. Rent growth is inevitable with over 100+ permits pulled in the area (see photo attached)
  1. Listed by Ryan Stawasz • KW Empower
    P: 2157606291 ryan@tsg.homes

Property Details for 2339 North College Avenue

Tax ID Number
291029900
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 05/28/2024 10:24 AM

Property Details for 2339 North College Avenue

StatusActive
MLS #PAPH2346866
Days on Market34
Taxes$2,313 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.04 AC / 1,740 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 2339 North College Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.04 AC / 1,740 SF

Payment Calculator

$6,469 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2339 North College Avenue

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $165,240
  • Year Assessed: 2023
  • Improvement Assessed Value: $1,000
  • City Town Tax: $1,043
  • Land Assessed Value: $164,240
  • Clean Green Assessed: No
  • Land Use Code: O50
  • Zoning: RM1
  • Tax Lot: 180
  • School Tax: $1,269
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Furnished: Some
  • Units Leased Count: 2
  • Number Of Units Vacant: 2
  • Vacancy Allowance Rate: 3.00%
Multi Family
Unit 1
  • Type: Unit 1
  • Beds Total: 2
  • Full Baths Count: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: No
  • Beds Total: 2
  • Full Baths Count: 2
Financial Information
Expenses
  • Operating Expense: $7,358
  • Insurance Expense: $3,000
Financial Information
  • Gross Income: $89,628
  • Net Operating Income: $79,270
  • Annual Rental Income: $92,400
  • Cap Rate: 7.00
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Year Major Reno Remodel: 2021
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 109.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1055214
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Outdoor Living Structures: Roof, Deck(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 2339 North College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2339 North College Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$2,313 ($193 / month)
Home Facts
Beds12Total Finished SqFt3,445 SqFtAbove Grade Finished SqFt3,445 SqFtStories3Lot Size1,740 SqFtStyleCondominiumYear Built1920ZoningRM1CountyPHILADELPHIAAPN29-1-0299-00

Schools near 2339 North College Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 5 to 12
Public - 9 to 12
Rating
School
Distance
Morris Robert School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Masterman Julia R Secondary School
Public5 to 12

Franklin LC
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2339 North College Avenue is a multi-family home for sale in Philadelphia, PA 19121. This property was listed for sale on April 30, 2024 by KW Empower, it's currently listed at $1,150,000. It has been on the market for a total of 34 days and was last sold on September 23, 2020. This listing's school district is Philadelphia City School District. Nearby schools include Morris Robert School, Vaux HS: A Big Picture School and Masterman Julia R Secondary School. 2339 North College Avenue is a 8-bed, 8-bath, 4,510 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.