1433 West Norris Street
1433 West Norris Street
$809,995
10
7
2,617
2,617
$310
Virtual Tour
Description
Inquire about 3D video tours, floor plans, and video walkthroughs! Here is your opportunity to purchase a turn-key property, leased until July 31, 2025. Ideal for a 1031 Exchange, this investment features a building with a 9.77 Gross Rent Multiplier (GRM), offering tax deductions and appreciation potential. Located just a 30-second walk from the Norris & Broad St intersection, it's an excellent location for Temple University students and their parents, ensuring peace of mind and convenience. The...Inquire about 3D video tours, floor plans, and video walkthroughs! Here is your opportunity to purchase a turn-key property, leased until July 31, 2025. Ideal for a 1031 Exchange, this investment features a building with a 9.77 Gross Rent Multiplier (GRM), offering tax deductions and appreciation potential. Located just a 30-second walk from the Norris & Broad St intersection, it's an excellent location for Temple University students and their parents, ensuring peace of mind and convenience. The building was completely renovated in 2011, with Unit 1 receiving a complete renovation in Summer 2023. From August 1, 2024, to July 31, 2025, the building will generate $6,555 monthly, totaling $78,660 annually. The tenants, who are Temple University students, are in joint leases and have qualified co-signers. The landlord covers water, trash pick-up, and cleaning of common areas. An estimated 7.75% CAP rate is exceptional for this setup and location. The units are easy to rent and manage due to the proximity to the school and their setups:
Unit 1: 4 bed/4 bath, $2800 + $80 water fee
Unit 2: 3 bed/2 bath, $1800 + $75 water fee
Unit 3: 3 bed/1 bath, $1725 + $75 water fee
The owner has maintained the property well, requiring minimal upkeep from the new landlord. All units boast central AC & heating, separate washers and dryers, and electric appliances. Schedule your tour today or explore our virtual tours!
Unit 1: 4 bed/4 bath, $2800 + $80 water fee
Unit 2: 3 bed/2 bath, $1800 + $75 water fee
Unit 3: 3 bed/1 bath, $1725 + $75 water fee
The owner has maintained the property well, requiring minimal upkeep from the new landlord. All units boast central AC & heating, separate washers and dryers, and electric appliances. Schedule your tour today or explore our virtual tours!
Property Details for 1433 West Norris Street
Tax ID Number
321014600
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleOther
WaterfrontNo
GarageNo
Expected On Market Date05-09-2024
Cross Street15TH STREET
Location
LISTING UPDATED: 05/09/2024 12:13 AM
Property Details for 1433 West Norris Street
Status | Active |
---|---|
MLS # | PAPH2348100 |
Days on Market | 11 |
Taxes | $7,879 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2011 |
Lot Size | 0.03 AC / 1,492 SF |
County | Philadelphia County |
Location
Virtual Tour
Building Information for 1433 West Norris Street
Stories-Residences3Year Built2011Building Size-Lot Size0.03 AC / 1,492 SF
Payment Calculator
$5,077 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1433 West Norris Street
Property History for 1433 West Norris Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1433 West Norris Street
Taxable ValueLand$89,300Additions$473,600Total$562,900
Tax Record2023$7,879 ($657 / month)
Home Facts
Total Finished SqFt2,617 SqFtAbove Grade Finished SqFt2,617 SqFtStories3Lot Size1,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningSPINSCountyPHILADELPHIAAPN32-1-0146-00
Schools near 1433 West Norris Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Duckrey Tanner School PublicK to 8 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson Public9 to 12 | ||
The U School: Innovative Lab 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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