Seller's Agent in 2024
Aaron Wallace
Keller Williams Main Line
(610) 931-6396
7 in this area
102 Total Sales
833 N 63rd St Philadelphia, PA 19151
Overbrook Neighborhood
--
Bed
--
Bath
3,426
Sq Ft
9,148
Sq Ft Lot
Highlights
- 0.21 Acre Lot
- 1-minute walk to 63Rd And Jefferson
- Ceiling Fan
- Wood Flooring
- Forced Air Heating and Cooling System
- Replacement Windows
About This Home
As of May 2024Nestled 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,599
Year Built
- Built in 1925
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 0.00 x 125.00
Parking
- On-Street Parking
Home Design
- Quadruplex
- Brick Foundation
- Pitched Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 3,426 Sq Ft Home
- Ceiling Fan
- Replacement Windows
- Wood Flooring
Eco-Friendly Details
- Energy-Efficient Windows
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- 2 Units
- 3-Story Building
Listing and Financial Details
- Tax Lot 72
- Assessor Parcel Number 342361720
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2024 05/09/24 | Sold | $525,000 | +5.0% | $153 / Sq Ft |
| 04/23/2024 04/23/24 | Price Changed | $499,999 | 0.0% | $146 / Sq Ft |
| 04/04/2024 04/04/24 | For Sale | $499,900 | +19.0% | $146 / Sq Ft |
| 10/15/2021 10/15/21 | Sold | $420,000 | -6.7% | $123 / Sq Ft |
| 08/25/2021 08/25/21 | Pending | -- | -- | -- |
| 08/06/2021 08/06/21 | For Sale | $450,000 | +12.5% | $131 / Sq Ft |
| 07/11/2017 07/11/17 | Sold | $400,000 | -15.8% | $117 / Sq Ft |
| 05/11/2017 05/11/17 | Pending | -- | -- | -- |
| 05/01/2017 05/01/17 | For Sale | $475,000 | 0.0% | $139 / Sq Ft |
| 12/05/2015 12/05/15 | Rented | $1,000 | 0.0% | -- |
| 12/05/2015 12/05/15 | Under Contract | -- | -- | -- |
| 09/01/2015 09/01/15 | For Rent | $1,000 | -33.3% | -- |
| 08/01/2015 08/01/15 | Rented | $1,500 | -40.0% | -- |
| 08/01/2015 08/01/15 | Under Contract | -- | -- | -- |
| 01/31/2015 01/31/15 | For Rent | $2,500 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Aaron Wallace
-
Hill Properties
Seller's Agent in 2021
Hill Properties
Elite Level Realty
(610) 931-5369
4 in this area
16 Total Sales
-
Tammie Brooks
Buyer's Agent in 2017
Tammie Brooks
Realty Mark Associates-CC
(215) 545-0269
1 in this area
48 Total Sales
-
J
Buyer's Agent in 2015
Joan Keller
Coldwell Banker Realty
Map
Source: Bright MLS
MLS Number: PAPH2322684
APN: 34-2-3617-10
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