Patterson-Schwartz Real Estate833 N 63Rd Street, Philadelphia, PA 19151-3437 $499,999
With Pending Contract
Interior Sq. Ft: 3,426
Acreage: 0.21
Age:99 years
Taxes: $5,599
Design/Type:
Detached
Description
Nestled at 833 N 63rd Street, mere minutes from the bustling City Line Avenue and conveniently close to various public transportation options, this quadplex presents a rare opportunity for discerning investors seeking both immediate returns and long-term potential. Renovated in 2017, each of the four distinct apartments exudes modern charm and timeless appeal, boasting elegant wood floors, exposed brick accents, and gleaming stainless steel appliances. The property's strategic location is further complemented by its proximity to a burgeoning development landscape, with a brand-new six-unit apartment building under construction adjacent to it, promising favorable future comparables. **Unit Configurations and Rental Income:** - **Apartment 1:** A spacious 2-bedroom, 2-bathroom sanctuary, commanding $1800 per month in rent. - **Apartment 2:** Featuring 2 bedrooms and 1 bathroom, this unit offers comfortable living at $1500 monthly. - **Apartment 3:** Another inviting 2-bedroom, 2-bathroom retreat, generating $1500 in monthly rental income. - **Apartment 4:** Ideal for individuals or couples, this 1-bedroom, 1-bathroom haven commands $1200 per month. **Operating Costs:** - **PECO Common Area:** A reasonable $290 ensures efficient electricity distribution across common spaces. - **Philadelphia Water Department:** $350 - **Landscaping:** With a monthly upkeep cost of $120 (May-November), the property's exterior maintains its inviting allure. - **HVAC Maintenance:** Scheduled preventative maintenance, budgeted at $1200 annually, ensures optimal functionality of heating, ventilation, and air conditioning systems. - **Insurance:** Currently estimated at $4052, adjustments are advised to optimize expenses and enhance profitability. - **Taxes:** Set at $5599 This meticulously maintained quadplex not only promises immediate returns through its robust rental income but also stands poised to capitalize on the area's burgeoning development, making it an irresistible prospect for investors seeking both stability and growth in Philadelphia's dynamic real estate market.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: N
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Ceiling Fan(s), Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, Electric Available
Garage/Parking
On Street
Interior
Ceiling Fan(s), Wood Flooring, Energy Efficient Windows, Replacement Windows
Exterior
Brick/Mortar Foundation, Concrete Perimeter Foundation, Pitched Roof, Masonry
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (115 schools)
Public Middle (19 schools)
Public High (45 schools)
Private (129 schools)
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This report is a detailed community overview for Philadelphia (19151), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $41,156
Community Summary
- Population Density (ppl / mile): 13,840
- Household Size (ppl): 2.80
- Households w/ Children: 70%
Housing Inventory
- Owned: 7,802 (57.7%)
- Rented: 3,978 (29.4%)
- Vacant: 1,737 (12.9%)
- Total: 13,517
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 6.2%
- High School Graduate: 33.4%
- Some College: 24.5%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.8%
- Graduate Degree: 11.3%
Income by dollar range
Median Income: $49,788
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $817
- One Bedroom: $745
- Two Bedroom: $944
- Three Bedroom: $1,225
- Four Bedroom: $1,421
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Contact Information
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Listing Courtesy of: Keller Williams Main Line , (610) 520-0100, agismondi@kw.com
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 5/01/2024.
