2353 N Park Ave

Off Market

2353 N Park Ave

Philadelphia PA 19132

3120 sq. ft.

1712 sq. ft.

Duplex

Last sold for $369,000

Daniel Kim, last sold this property on 31 March 2023 after 122 days on market.

Overview

Calling all investors/house-hackers! Here's your opportunity to purchase a freshly turned over duplex, right off of Temple University's campus, at 2353 N Park Avenue. This newer construction duplex (Built in 2013) features two bi-level units; a 4 bed/2 bath unit on the first floor and basement level and a 5 bed/2 bath unit on the second and third floors. Each unit features a mixture of hardwood flooring & carpet flooring (mainly in the bedrooms) and are equipped with "mid-grade" finishes which are more than good enough for student housing. Cherry-red cabinetry, granite countertops, tiled backsplash and stainless steel appliances are featured in both units. This is located just one block off of North Broad Street and four blocks away from Temple's Main Campus. Not to mention, there's also a shuttle bus service that transports students from Main Campus to their respective off-campus apartments/homes. Unit 1 is projected to rent out for at least $2,000/month while Unit 2 is projected to rent out for $2,500/month. *These rents have been achievable by current ownership in the past. Using these numbers and conservatively putting 25% of revenue aside for expenses/reserves, this building is priced at a 10.12% Cap Rate! The entire building has been professionally cleaned, re-painted, and laid with new carpeting in the common area hallway and bedrooms. This is also an excellent opportunity to AirBnB the entire building to achieve higher rental income versus standard market rate rents. With an abundance of over-priced, multi-family inventory all throughout Temple University, here we have an appropriately priced offering that's now available and fully turn-key. Please inquire with the listing agent for more specific financials on the property.

Features

3120 sq. ft. floor area

1712 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Philadelphia over the last 12 months, the estimated median property value of 2353 N Park Ave is $177k.

Median value

$177k

Estimated value range

$1.1k - $835k

Median days on market

Estimated value trend

-7%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Philadelphia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2353 N Park Ave

2023

Sold

$369,000

31 Mar 2023 by Daniel Kim, of Keller Williams Philly

2018

Sold

$460,000

20 Oct 2018 by Jonathan Beaulieu, of JBMP Group

2017

Sold

$425,000

23 Feb 2017 by Remy D

Happy sellers in Philadelphia

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for duplexes in Philadelphia

In the last 12 months, 26 duplexes similar to 2353 N Park Ave, have been sold.

This represents a 52% increase in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Philadelphia for a market analysis.

Frank Altamuro

at Coldwell Banker Preferred - Old City

(22 reviews)

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Amber Alkhatib

at BAE Realty and Investment Services

(4 reviews)

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Antonio Goodman

at Realty ONE Group Restore | Conshohocken

(21 reviews)

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Quavin Johnson

at Compass

(4 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Philadelphia

Frank Altamuro

Frank Altamuro is an award winning recommended agent for Philadelphia. They have 2 local sales and collected 1 local review across the last 12 months.