Philadelphia, PA 19121,1903 W MONTGOMERY AVE
Philadelphia, PA 19121,1903 W MONTGOMERY AVE
Philadelphia, PA 19121,1903 W MONTGOMERY AVE
21
$255,000
$269,000
5.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1,564 SqFt

1903 W MONTGOMERY AVE Philadelphia, PA 19121

Est. payment /mo
SOLD DATE : 02/23/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $255,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,564 sqft

Price per Sqft $163

Subdivision Temple University

MLS Listing ID PAPH2294970

Sold Date 02/23/24

Style Traditional

Abv Grd Liv Area 1,564

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,330

Tax Year 2023

Lot Size 960 Sqft

Acres 0.02

Lot Dimensions 16.00 x 60.00

Property Description

Introducing 1903 W Montgomery Ave, a fantastic triplex that presents an excellent opportunity for new investors. This property, in its current state, is already highly desirable and rents easily, making it a reliable source of income from the start. However, what sets this triplex apart is its untapped potential for renovation and improved utilization, offering even greater returns for savvy investors.

Located near Temple University, this triplex enjoys a prime location in a vibrant and sought-after neighborhood. The area's popularity ensures a steady demand for housing, making it easy to find tenants and keep the units occupied throughout the year. As a new investor, you can dive right into the rental market with confidence, knowing that this property has a proven track record of attracting tenants.

While the triplex is already a lucrative investment opportunity, there is significant room for improvement and expansion. With a discerning eye and a touch of creativity, you can unlock the property's full potential and maximize its value. Renovating and optimizing the units can lead to increased rental income and attract a broader range of tenants, including those willing to pay a premium for modern, updated living spaces.

By making strategic renovations, such as updating appliances, refreshing the interior finishes, and reconfiguring the floor plans, you can transform this triplex into a contemporary oasis. The result will be enhanced tenant satisfaction, longer lease agreements, and the potential for higher rental rates.

Moreover, the surrounding neighborhood is ripe with opportunities for growth and development. As new construction projects continue to flourish in the area, investing in 1903 W Montgomery Ave becomes even more enticing. You can leverage this ongoing transformation to increase the property's value and reap the benefits of an expanding real estate market.

Buyer is responsible for due-diligence. Property sold as-is

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RSA5

Rooms

Basement Unfinished

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 321119500

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less


Bright MLS (BMLS)
Listed by Moshe Adika • TCS Management, LLC
Bought with Alyssa Vargas • KW Empower

GET MORE INFORMATION

Bradley Perez

Agent | License ID: 1972347

+1(609) 383-5668

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.