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Map
$665,000
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Multifamily -
Off Market
707 PROSPECT AVE
PROSPECT PARK, PA 19076
Studio
0 Bath
$3,266
Estimated Monthly
About This Property
BACK ON MARKET (Buyer financing fell through) // INVESTOR ALERT!
Recently Renovated 4 unit property located less than 4 miles
from Philadelphia Airport. The current owner (purchased in 2016)
has done extensive renovations and currently operates the property
as an Airbnb - see attached document for an itemized list of all
furnishings (prefer to sell furnished) and rents. If operated
as a Multifamily, market rents for the units should total
$5,000-$5,500/month based on rents of similar size units. Rental
Comps (attached document) - 1 bed / 1 bath units (within 1 mile)
are renting at $1,000-$1,400/month. All Gas/Electric meters are
separate.
This MOVE IN READY home has tons of potential! UPGRADES include Central A/C throughout (split system in two units), Keyless entry in all units, dishwashers in all units, Laundry in four units (one unit shares with first floor unit), security system and exterior cameras.
The unit mix consists of Three 1 bedroom / 1 bath units and a studio apartment. The first floor has TWO (2) one bedroom (13x12) /one full bath units and each have an eat in kitchen and a separate living room space (17x13). One of the first floor units (1F) features a gas fireplace (not currently connected). The second floor has a one bedroom (15x11) / one bathroom unit with a large living room (19x15) and a studio apartment (bedroom/living room combo).
Exit outside to a lovely landscaped backyard and designated parking for four cars. The property includes an additional garage in the rear of the property (for storage).
Located in a great neighborhood with ample street parking. This home is also located nearby Prospect Park's famous Park Square which is a beautiful park with a playground. The park also holds summer community events such as free concerts and movie nights along with local vendors and food trucks. Convenient to interstate 95, and the Philadelphia airport, also a short walk to Prospect Park train station. Don't miss out, make your appointment today!
This MOVE IN READY home has tons of potential! UPGRADES include Central A/C throughout (split system in two units), Keyless entry in all units, dishwashers in all units, Laundry in four units (one unit shares with first floor unit), security system and exterior cameras.
The unit mix consists of Three 1 bedroom / 1 bath units and a studio apartment. The first floor has TWO (2) one bedroom (13x12) /one full bath units and each have an eat in kitchen and a separate living room space (17x13). One of the first floor units (1F) features a gas fireplace (not currently connected). The second floor has a one bedroom (15x11) / one bathroom unit with a large living room (19x15) and a studio apartment (bedroom/living room combo).
Exit outside to a lovely landscaped backyard and designated parking for four cars. The property includes an additional garage in the rear of the property (for storage).
Located in a great neighborhood with ample street parking. This home is also located nearby Prospect Park's famous Park Square which is a beautiful park with a playground. The park also holds summer community events such as free concerts and movie nights along with local vendors and food trucks. Convenient to interstate 95, and the Philadelphia airport, also a short walk to Prospect Park train station. Don't miss out, make your appointment today!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$649
HOA Dues
-
Year Built
1910
Last updated: 4 months ago (Bright MLS #PADE2050188)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 4, 2024 | No longer available | - | |
No longer available | |||
Aug 17, 2023 | Listed by Keller Williams Real Estate-Blue Bell | $665,000 | |
Listed by Keller Williams Real Estate-Blue Bell | |||
Jan 5, 2017 | Sold to Tern Maxine Stewart | $290,000 | |
Sold to Tern Maxine Stewart | |||
Aug 30, 2001 | Sold to Joseph A Maffei | $155,000 | |
Sold to Joseph A Maffei |
Property Highlights
Air Conditioning
Garage
Parking Details
Has Garage
Garage Features: Additional Storage Area
Parking Features: Driveway, Detached Garage
Garage Spaces: 2
Total Garage and Parking Spaces: 6
Interior Details
Interior Information
Interior Features: Ceiling Fan(s)
Appliances: Built-In Microwave, Dishwasher, Dryer, Refrigerator, Washer
Flooring Type: Wood, Fully Carpeted, Vinyl
Living Area Square Feet Source: Assessor
Basement Information
Has Basement
Unfinished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Assessor
Building Information
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Roof: Shingle
Structure Type: Detached
Construction Materials: Other
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 60.00 x 125.00
Lot Size Source: Estimated
Land Information
Land Assessed Value: $228,740
Financial Details
County Tax: $685
County Tax Payment Frequency: Annually
City Town Tax: $1,274
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $228,740
Tax Year: 2023
Tax Annual Amount: $7,783
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C, Ductless/Mini-Split
Heating Type: Baseboard - Electric, Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
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
House
4
Beds
2
Baths
2,165 ft²
$254/ft²
$550,000
Apr 15, 2023
$550,000
Aug 18, 2023
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/26/2021
|
|
Studio
|
-
|
3347 ft²
|
$749,000
Studio
-
3347 ft²
|
-
-
|
-
|
LeRoy Gaines
Rush Realty
|
Building Info
707 Prospect Avenue
707 Prospect Avenue, Prospect Park, PA 19076
- 1 Unit for Sale