1945 North Gratz Street
Listed By Compass
Listed By Compass
Description
**Unit A** features a thoughtfully designed layout with hardwood floors throughout, accommodating 3 spacious bedrooms, each with...Discover an exceptional investment opportunity at 1945 N. Gratz St., situated in the thriving Temple University area. This duplex was beautifully renovated in 2018 and still benefits from the remainder of a 10-year tax abatement! Fully occupied through July 2025, this property offers an ideal blend of modern amenities and convenience, attracting students and renters alike.
**Unit A** features a thoughtfully designed layout with hardwood floors throughout, accommodating 3 spacious bedrooms, each with its own private bathroom, plus an additional half bath on the first floor. The unit's well-appointed kitchen opens to the living area and this unit features a fenced spacious back patio, perfect for outdoor gatherings and BBQs. Each bedroom is equipped with custom closets, providing ample storage space, a feature highly valued by tenants.
**Unit B** boasts 5 generously sized bedrooms and 3 modern bathrooms, making it an attractive option for students seeking comfort and style. The kitchen, adorned with sleek white cabinetry, a large island and stainless steel appliances, offers a fresh, contemporary look. Carpeting throughout the bedrooms adds an extra layer of soundproofing, enhancing privacy and tranquillity.
Both units are separately metered and include air conditioning for comfort during warmer months and a security system for peace of mind. This property not only meets the demands of the current rental market but also stands out as a lucrative investment in a sought-after location. Don't miss your chance to own this exceptional property in the heart of the Temple University area.
Property Details for 1945 North Gratz Street
Property Details for 1945 North Gratz Street
| Status | Active |
|---|---|
| MLS # | PAPH2411506 |
| Days on Market | 73 |
| Taxes | $1,686 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.03 AC / 1,205 SF |
| County | Philadelphia County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 1945 North Gratz Street
Property Information for 1945 North Gratz Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19121 (19121)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $120,448
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $26,348
- City Town Tax: $741
- Land Assessed Value: $94,100
- Clean Green Assessed: No
- Land Use Code: O50
- Zoning: RM1
- Tax Lot: 252
- School Tax: $944
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Common Area Maintenance, Heater Maintenance Contract, Insurance, Pest Control, Snow Removal, Taxes - Real Estate, Water
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 1
- Other Units: Unit 1,Unit 2
- Units Furnished: None
- Units Leased Count: 2
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 5
- Full Baths Count: 3
- Type: Unit 1
- Unit Type Lease Type: Yearly
- Beds Total: 3
- Half Baths Count: 1
- Full Baths Count: 3
- Gross Income: $46,920
- Net Operating Income: $39,101
- Cap Rate: 7.10
- Year Major Reno Remodel: 2017
- Building Units Total: 2
- Total Finished SQFT: 1,809.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,809.00
- Total SQFT: 1,809.00
- Total SQFT Source: Assessor
- Construction Materials: Brick Front
- Roof: Flat
- Flooring Type: Ceramic Tile, Wood
- Basement Type: Fully Finished
- Foundation Details: Concrete Perimeter
- Lot Size Source: Assessor
- Lot Size Dimensions: 15.00 x 80.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1073930
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Spa: No
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central, Forced Air
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: www.jordanwiener.com
Property History for 1945 North Gratz Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1945 North Gratz Street
Schools near 1945 North Gratz Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Young Scholars Frederick Douglass Charter School CharterK to 8 | ||
Strawberry Mansion High School Public9 to 12 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson 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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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.