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Map
$255,000
●
Townhouse -
Off Market
1903 W MONTGOMERY AVE
PHILADELPHIA, PA 19121
Studio
0 Bath
$1,321
Estimated Monthly
$0
HOA / Fees
About This Property
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
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
Unit Size
-
Days on Market
109 days
Land Size
0.02 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
$194
HOA Dues
-
Year Built
1915
Last updated: 3 months ago (Bright MLS #PAPH2294970)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 23, 2024 | Sold | $255,000 | |
Sold | |||
Nov 6, 2023 | Listed by TCS Management, LLC | $269,000 | |
Listed by TCS Management, LLC |
Property Highlights
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Basement Information
Has Basement
Unfinished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Structure Type: Interior Row/Townhouse
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 16.00 x 60.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $166,500
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $1,051
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $166,500
Tax Year: 2023
Tax Annual Amount: $2,330
Year Assessed: 2023
Utilities Details
Cooling Type: Other
Heating Type: Other
Cooling Fuel: Other
Heating Fuel: Other
Hot Water: Other
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
4
Beds
2
Baths
1,638 ft²
$162/ft²
$265,000
Jan 5, 2021
$265,000
Feb 26, 2021
-
Townhouse
5
Beds
4
Baths
2,220 ft²
$116/ft²
$256,900
Jun 22, 2020
$256,900
Aug 14, 2020
-
Townhouse
5
Beds
1
Bath
1,898 ft²
$108/ft²
$205,000
Feb 9, 2015
$205,000
Jun 2, 2015
-
Townhouse
4
Beds
2
Baths
1,866 ft²
$147/ft²
$275,000
Feb 19, 2021
$275,000
May 20, 2021
-
Townhouse
6
Beds
2
Baths
1,704 ft²
$138/ft²
$235,000
Oct 4, 2023
$235,000
Jan 23, 2024
-
Townhouse
5
Beds
5
Baths
1,530 ft²
$157/ft²
$240,000
May 23, 2023
$240,000
Aug 7, 2023
-
Active
Townhouse
3
Beds
2
Baths
1,590 ft²
$177/ft²
$281,500
Dec 22, 2023
-
-
Active
Townhouse
6
Beds
2
Baths
1,898 ft²
$155/ft²
$295,000
Dec 22, 2023
-
-
Active
Townhouse
4
Beds
2
Baths
1,800 ft²
$139/ft²
$249,900
Jan 7, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1903 West Montgomery Avenue
1903 West Montgomery Avenue, Philadelphia, PA 19121