1843 N VAN PELT STREET, PHILADELPHIA, PA 19121

$419,900

CALLING ALL INVESTORS AND HOUSE HACKERS! Welcome to 1843 N Van Pelt St, with renovations made within the last 5 years, this 3-unit boutique apartment building is in the rapidly up-and-coming Sharswood neighborhood of Philadelphia, just blocks from Temple University's main campus. This property offers the perfect opportunity for buyers… Read More looking to generate strong rental income or for house hackers seeking to live in one unit while renting the others. This restored building was carefully renovated with no expense spared, blending modern luxury with historic charm. Each unit has been upgraded with high-end finishes, including hardwood floors throughout, stainless steel appliances, granite countertops, and energy-efficient windows. The building features central heat and air, HVAC systems, a roof, and water heaters. Each unit has been thoughtfully designed with spacious, open layouts, abundant natural light, and in-unit laundry facilities. The property consists of three separate units: a 3-bedroom, 1-bath unit with private access to the backyard and basement; a 1-bedroom, 1-bath unit; and a bi-level 2-bedroom, 1-bath unit. Each apartment has its own in-unit washer and dryer, updated bathrooms with modern fixtures, and spacious living areas. The large, private backyard is perfect for outdoor entertaining or additional tenant enjoyment. The basement has been waterproofed and offers the potential for additional living space or storage. With its desirable location, this property is ready to generate income upon completion and closure of open permits. Located just steps from Brewerytown's popular shops, restaurants, and bars, including SPOT Burger, Rybrew, Lucky Goat, and more, this property offers tenants convenience and vibrant neighborhood amenities. Public transportation and major highways are easily accessible, and Fairmount is just a short trip away. 1843 N Van Pelt St offers a rare opportunity to acquire a renovated, potential income-producing property in a rapidly appreciating neighborhood. Whether you're looking to maximize rental income or house hack your way to financial success, this is an investment you won't want to miss. The tenants in Unit 1 and Unit 2 are due to vacate at the end of November/early December. Unit 3 is unoccupied by tenants. Property is being sold as is where is, as a short sale. Read Less

Courtesy of Anthony Krupincza, CG Realty, LLC [email protected]

Listing Snapshot

Days Online

Last Updated

Nov 22, 2024

Property Type

Townhouse

Square Ft.

2,220

Lot Size

0.03 Acres

Year Built

1915

MLS Number

PAPH2417028

Additional Details

Appliances & Equipment

Water Heater - High-Efficiency, Washer/Dryer Stacked, Stainless Steel Appliances, Refrigerator, Range Hood, Oven/Range - Electric, Oven - Self Cleaning, Microwave, Intercom, Humidifier, ENERGY STAR Dishwasher, Dual Flush Toilets, Built-In Range

Basement

Full, Drain, Improved, Interior Access, Poured Concrete

Building

2,220 sqft living area, Built in 1915, Major renovation in 2022, Structure Type: End of Row/Townhouse, Wall & Ceiling Types: 9'+ Ceilings, Dry Wall, 3 units in building, 3 levels in building, Straight Thru, Masonry

Cooling

Central Air, Electric, Central A/C

Doors

Double Entry, Insulated

Exterior Features

Exterior Lighting, Bump-outs, Play Area

Floors

Engineered Wood, Ceramic Tile

Foundation

Block, Permanent, Slab

Heating

Natural Gas, Forced Air

Income

Gross Scheduled Income: $43,980

Interior Features

Wood Floors, Upgraded Countertops, Bathroom - Tub Shower, Bathroom - Stall Shower, Sprinkler System, Recessed Lighting, Kitchen - Gourmet, Intercom, Formal/Separate Dining Room, Floor Plan - Open, Combination Kitchen/Dining

Lot

1,403 sqft, Lot Size Dimensions: 17.00 x 85.00, 0.03 acres, Adjoins - Open Space

Property

Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 3, Outdoor Living Structures: Porch(es), View: City, 1 one-bedroom unit, 1 three-bedroom unit, 1 two-bedroom unit

Sewer

Public Sewer

Taxes

City/Town Tax: $582, City/Town Tax Pymnt Freq: Annually, County Tax Pymnt Freq: Annually, School Tax: $741, Tax Annual Amount: $1,324, Tax Year: 2024

Utilities

Electric Service: 200+ Amp Service, Hot Water: Electric, Natural Gas Available, Electric Available, Cable TV Available, Sewer Available, Water Available

Windows

ENERGY STAR Qualified, Energy Efficient

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