See Home Value
Prospect Park 19076
707 PROSPECT AVE
$665,000
Multifamily - Off Market

707 PROSPECT AVE

PROSPECT PARK, PA 19076
bedrooms
Studio
bathrooms
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!
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
20211126
11/26/2021
Studio
-
3347 ft²
$749,000
bedrooms
Studio
bathrooms
-
square feet
3347 ft²
-
-
-
LeRoy Gaines
Rush Realty

Building Info

707 Prospect Avenue 707 Prospect Avenue, Prospect Park, PA 19076
  • 1 Unit for Sale
More about this Building
707 Prospect Avenue
Want to find out who owns 707 Prospect Avenue, Prospect Park, PA 19076? Get detailed property transactions here .

About Prospect Park


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