UPDATED:
09/30/2024 07:07 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $198
MLS Listing ID PAPH2403890
Style Traditional
Abv Grd Liv Area 2,700
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,976
Tax Year 2024
Lot Size 1,035 Sqft
Acres 0.02
Lot Dimensions 15.00 x 69.00
Property Description
Key Features (1) Prime Location: Just minutes from Temple University, this building offers easy access to public transportation, dining, and entertainment, ensuring high occupancy rates year after year. (2) Unit Mix: Comprising of 2 spacious units, including a 2 bedroom and 2 bathroom unit and a 4 bedroom and 4 bathroom unit, this property caters to a diverse student demographic, maximizing rental income potential. Unit 1 is rented for $1500/mo, and Unit 2 is rented for $2800/mo. (3) Strong Rental History: With a proven track record of high occupancy and reliable rental income, this investment promises steady cash flow. Current lease agreements in place provide immediate returns. (4) Modern Amenities: Each unit is equipped with modern kitchens, stainless steel appliances, quartz countertops and much more enhancing tenant satisfaction and retention. (5) Potential for Growth: With the Philadelphia rental market getting better each day now, there’s significant potential for rental rate increases and property value appreciation.
In a city known for its rich education landscape, this is perfect for both investors looking to expand their portfolio as well as new investors to get formidable experience managing a rental property.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Other
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors, 36\"+ wide Halls
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321146800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
"My goal for each transaction is to give my buyers the information they need to make good decisions regarding neighborhoods, housing choices, pricing and negotiating the purchase."