1837 N Gratz St

Philadelphia, PA 19121 View Map $2,150,000 Schedule a Tour
Sq.Ft. Lot3,814
Year2021
Reid Rosenthal

Reid Rosenthal

(267) 626-7613

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Status: Active
Listing Office:Compass Pennsylvania, LLC
Property Type:Interior Row/Townhouse
MLS #:PAPH2014580
On Site:93 Days
Lot Size:3,814 Sq. Ft.
County:Philadelphia
Brand new 8-unit loft apartment building located in the surging 19121 zip code. Gratz Lofts is just off main campus at Temple University, a locally esteemed higher learning institution and athletic powerhouse. These loft apartments are entirely unique and have fully leased up for the first year of occupancy / fall semester 2021. Luxury interiors with exposed beams, huge ceilings, quartz counters, stainless appliances, skylights, oversized windows. Major curb appeal with a stately redbrick facade. Big rental upside opportunity for the new owner to raise Year 2+ rents as university life resumes normalcy. Turnkey multifamily asset. Ideal for 1031 exchange. The Property yields an attractive 6.9% pro forma cap rate w/ a full 10 year tax abatement.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:1837 N Gratz St Philadelphia, PA 19121
Subdivision:Temple University
Zip Code:19121

Architecture

Year Built:2021
Style:Loft,Loft with Bedrooms
Exterior: Masonry, Brick
Roof: Pitched, Rubber

Features / Amenities

Floor: Vinyl
Other Structures: Above Grade, Below Grade
Cooling: Central A/C
Heating: Central
Cooking Fuel: Natural Gas
Fuel On Site: Natural Gas
Hot Water: Natural Gas

Property Features

Lot Size: 0.09 Acres / 3,814 Sq. Ft.
View: City
Location Types: Urban
Lot Number: 148
Sewer: Public Sewer
Water Source: Public
Municipality: PHILADELPHIA
Zoning:RM1

Tax and Financial Info

Tax Year: 2021
Total Taxes: $13,164 (paid Annually)
School Tax: $7,224

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1837 N Gratz St Philadelphia, PA 19121
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1837 N Gratz St Philadelphia, PA 19121
 
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Listing Information Last Updated 10/27/2021
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