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Backup Offers

1724 Monument St, Philadelphia, PA, 19121

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
2,500 SqFt
$260/SqFt
Multi

Location

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1724 Monument St, Philadelphia$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built2016
HeatingForced Air
CoolingCentral Air
MLS #PAPH2413026
Lot Size0.02 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1724 Monument St

If you are an investor looking for a safe, turnkey student rental property that has never been empty even during COVID, is low maintenance, and is rented out till July 25, 2025 (potentially 2026) this is the property for you! $57,418 NOI, 8.83% CAP. This 2016 new construction duplex has a rare 8 bed | 8 bath set up so it is always in demand with Temple students. It is located on the popular and in demand 17th block of Monument Street, only a 7-minute walk to the main campus, one of the key reasons why this property is easy to rent out. The units have modern appliances, private washers and dryers, central AC & heating, intercoms and they are well-maintained by the tenants. All the bedrooms can fit queen-sized beds, desks, and dressers and have well-sized closets which is exactly what every tenant needs. Both units get a lot of natural light and are around 1250 sq ft each. Unit 1 has access to a large backyard and unit 2 is a bit bigger than unit 1. Here is a full financial breakdown with income and estimated expenses - Income: $62,400, common area electricity: $432. Water - $1044. Taxes - $1,458 (2 years left on tax abatement). Trash -$500. Rental license - $120. Insurance - $1,428. Offered at $650,000, this property is priced at 8.83% CAP which is great for a newer construction building, and at $650/room, it has the potential to grow up to $675-$700 with some cosmetic upgrades! Property management and leasing are on standby if the buyer elects to hire assistance with the property. Call us with any questions and schedule your tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 2016
  • Living Area: 2,500 SqFt

Listing Office:

  • Office Name: RE/MAX Plus
  • Office Phone: (215) 422-3711
  • Listing Agent: Toma Holovatskyy

Interior Features

Interior Information:

  • Appliances: Dishwasher, Washer, Dryer, Intercom

Exterior Features

Parking Information:

  • Parking: On Street

Virtual/3D Tour

  • 3D Tour: 1724 Monument St
3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Please use GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $260/SqFt

Tax Information:

  • Annual Amount: $931
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1724 Monument St vs Philadelphia

25 DAYS ON ROCKET

-19 Days

$650,000

+$388.1K More

$260/SqFt

+$61 More

KEY TAKEAWAY

This property is $388.1K more than the Median Sold Price and $61/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2413026

Listing Office:

  • Office Name: RE/MAX Plus
  • Office Phone: (215) 422-3711
  • Listing Agent: Toma Holovatskyy

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 15, 2019Home Sold
$575,000
Sep 06, 2016Home Sold
$500,000
Mar 01, 2016Home Sold
$82,000

Tax History

YEARPROP. TAXASSESSMENT
2020$931 -
2019$6,999$500,000
2018$887$63,400
2017$887$63,400

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-371086
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 0.68 miles

  • Public Charter Grades KG-6

school-card-donut-371087
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-371088
3
/10

  • Mastery Charter School at Clymer

  • 1201 W Rush St

  • 1.10 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,759. Most Philadelphia, PA residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›1724 Monument St

This home is located at 1724 Monument St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 2,500 square foot home, which was built in 2016, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $650,000.

In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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