6 months on rocket

1941 N 23rd St, Philadelphia, PA, 19121

$533,000

Home List Price

$6,329*

Closing Credit

0 Baths
1,884 SqFt
$283/SqFt
Multi
Schools Nearby

Location

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1941 N 23rd St, Philadelphia$533,000

Buyer Closing Credits

$6,329*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1915
HeatingCentral
CoolingCentral Air
MLS #PAPH2285670
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1941 N 23rd St

Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia – a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1915
  • Living Area: 1,884 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Richard K Cassell

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Strawberry Mansion High School, Public District Grades 9-12
  • William Dick School, Public District Grades KG-8

Other

Directions Information:

  • Directions: On N 23rd Street.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $533,000
  • Price Per SqFt: $283/SqFt

Tax Information:

  • Annual Amount: $634
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1941 N 23rd St vs Philadelphia

191 DAYS ON ROCKET

+141 Days

$533,000

+$274.1K More

$283/SqFt

+$87 More

KEY TAKEAWAY

This property is $274.1K more than the Median Sold Price and $87/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2285670

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Richard K Cassell

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 11:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$634 -
2019$613$43,800
2018$386$27,600
2017$386$27,600

History based on county public records data.

Payment Calculator

$2,728

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5295290
4
/10

  • William Dick School

  • 2498 W Diamond St

  • 0.23 miles

  • Public District Grades KG-8

High School

school-card-donut-5295291
3
/10

  • Strawberry Mansion High School

  • 3133 Ridge Ave

  • 0.79 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,452. Most Philadelphia, PA residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›1941 N 23rd St

This home is located at 1941 N 23rd St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 1,884 square foot home, which was built in 1915, sits on a 0.03 acre lot. It has been listed on Rocket Homes since October 25, 2023 and is currently priced at $533,000.

Over 242 listings were sold over their listed price in April 2024 in Philadelphia, PA. In the same period over 502 listings were sold below the listed price and 216 listings were sold for the listed price. The number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.

From Rocket Homes Real Estate and based on county public records data.

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