Price Reduction - New Construction
Address
638 N Shedwick Street, Philadelphia, PA
Price
$ 690,000
Property Attributes
- MLS#PAPH2346012
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19104
- NeighborhoodUniversity City
- Zip19104
- StyleContemporary
- Year Built2024
- Taxes$ 369
- Price$ 690,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size871 SqFt
Data Source:
Bright MLS
Property Description
Welcome to TOP NOTCH FINISHED BRAND NEW CONSTRUCTION DUPLEX in one of the most robust rental and investment markets IN UNIVERSITY CITY. This property presents an outstanding investment opportunity, located within walking distance of Drexel University and UPENN. The AMAZING DUPLEX consists of TWO luxury condo-style apartments, each designed with spacious layouts and upscale finishes. Unit #1 features 2 bedrooms and 2,5 bathrooms AND HUGE BACK YARD Unit #2 offers 3 bedrooms and 3 bathrooms AND UNOBSTRUCTED 360 Degree ROOF TOP DECK. Each unit boasts an expansive open concept living area, a modern kitchen with upgraded appliances, and generously sized bedrooms with ample closet space. Unit 1 also includes a sizable back patio. All units are individually metered for electric, and each has its own electric furnace and water heater, as well as a washer and dryer. This property is perfect for Drexel / UPENN and as well as with excellent access to public transportation and Downtown Philadelphia, 638 N SHEDWICK boasts a Walk Score of 87 out of 100, a Transit Score of 92 out of 100, and a Bike Score of 95 out of 100. Additionally, the area is home to numerous restaurants, cafes, bars, boutiques, and stores, all within walking distance. This property is a must-see for investors and first home buyers! The predicted monthly income for this potential money-making apartment is approximately $4100. The Lastly, it is important to note that the property qualifies for a 10-YEAR TAX ABATEMENT is in process and comes with a 1-YEAR BUILDER WARRANTY. Opportunity is knocking for investors! WHY WOULD YOU WAIT? SCHEDULE SHOWING AND MAKE AN OFFER
| Price History | |
|---|---|
| 4/23/2024 | Listed $699,000 |
| 5/3/2024 | 2% - $690,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | RSA5 |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary |
| Construction Materials | Brick |
| Year Built | 2024 |
| Property SubType | Duplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | Yes |
| Property Type | Multi-Family |
| Subdivision Name | UNIVERSITY CITY |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 5 |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-05-02T22:05:00 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 2 |
| MLS Area | 19104 (19104) |
| Lot Size Square Feet | 833.00 |
| Tax Assessed Value | 26400.0 |
| Waterfront Y/N | No |
| Street Name | SHEDWICK |
| Tax Annual Amount | 369.0 |
| Property Condition | Excellent |
| Two Bedroom | 1 |
| Structure Type | Other |
| Price Per Sq Ft | 276.0 |
| Construction Completed Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 2500 |
| Days on Market | 11 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 205 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Fully Finished |
| Hot Water | 60+ Gallon Tank |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | SR |
| Water View Y/N | No |
| Lot Dimensions | 14.00 x 60.00 |
| Lot Size Acres | 0.02 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 26400.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19104
Price
Taxes
Visits
Year Built
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Last Updated: May 17, 2024 11:34 AM UTC
