433 North 33Rd Street Philadelphia, PA 19104

$429,000
6
Beds
2
Baths
0.04
Acres
2,005
SQFT
214
$/SQFT
$429,000
6
Beds
2
Baths
2,005   sf
$214 / sf
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This is an incredible opportunity in the heart of University City and Powelton Village! The location is ideal for student housing, faculty staff, and medical professionals, with its proximity to universities, hospitals, and other amenities. The property itself offers plenty of space with 6 bedrooms and 2 bathrooms. The full living and dining space, eat-in kitchen, exposed brick throughout, and high ceilings add to its charm. The front enclosed porch, side and backyard deck provide outdoor space for residents to enjoy. The on-premises laundry is also a great convenience. Currently rented for $3,350 per month, there is room for potential rent increase, as it has rented for up to $4,000 per month in the past. With some minor or major updates, there is even more potential to increase the rental income. Additionally, the option to purchase the neighboring property at 435 N 33rd St, a 3-unit multifamily building, for $715,000 adds even more potential to this opportunity. This could be a great investment for someone looking to expand their real estate portfolio in prime Powelton village or do a much larger development project. The location is truly unmatched, with its proximity to Drexel Park, Drexel main campus, UPenn, hospitals, the Art Museum, 30th St Station, and more. It offers convenience and accessibility to a variety of amenities. This is also in a QOZ area which presents a massive opportunity for preferential tax treatment. Act fast!

This is an incredible opportunity in the heart of University City and Powelton Village! The location is ideal for student housing, faculty staff, and medical professionals, with its proximity to universities, hospitals, and other amenities. The property itself offers plenty of space with 6 bedrooms and 2 bathrooms. The full living and dining space, eat-in kitchen, exposed brick throughout, and high ceilings add to its charm. The front enclosed porch, side and backyard deck provide outdoor space for residents to enjoy. The on-premises laundry is also a great convenience. Currently rented for $3,350 per month, there is room for potential rent increase, as it has rented for up to $4,000 per month in the past. With some minor or major updates, there is even more potential to increase the rental income. Additionally, the option to purchase the neighboring property at 435 N 33rd St, a 3-unit multifamily building, for $715,000 adds even more potential to this opportunity. This could be a great investment for someone looking to expand their real estate portfolio in prime Powelton village or do a much larger development project. The location is truly unmatched, with its proximity to Drexel Park, Drexel main campus, UPenn, hospitals, the Art Museum, 30th St Station, and more. It offers convenience and accessibility to a variety of amenities. This is also in a QOZ area which presents a massive opportunity for preferential tax treatment. Act fast!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Philadelphia
  • Area
    19104
  • Tax Amount
    $6,164
  • Status
    Active
  • Listing #
    PAPH2293002
  • Built
    1930
  • Lot Size
    0.04
  • Listed on site
    375 days
  • Listing Agent Id
    121136532231

Listed by:
Compass Pennsylvania, LLC

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Electric
  • Main Floor Bedroom

Property History

DateDays AgoEventNew Price
May 8, 20246 mos agoPrice decreased20,000 (4%)$429,000
Apr 15, 20247 mos agoPrice decreased50,000 (10%)$449,000
Jan 11, 202410 mos agoPrice decreased26,000 (5%)$499,000
Oct 31, 20231 yr agoNew on market$525,000
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