Philadelphia, PA 19121,2025 N 18TH ST
Philadelphia, PA 19121,2025 N 18TH ST
Philadelphia, PA 19121,2025 N 18TH ST
$470,000
Est. payment /mo
$480,000
2.1%
Est.Price: ?

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2,286 SqFt
SOLD DATE : 05/10/2024

Key Details

Sold Price $470,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,286 sqft

Price per Sqft $205

Subdivision Temple University

MLS Listing ID PAPH2323222

Sold Date 05/10/24

Style Other

Abv Grd Liv Area 2,286

Originating Board BRIGHT

Year Built 2010

Annual Tax Amount $7,346

Tax Year 2024

Lot Size 1,136 Sqft

Acres 0.03

Property Description

Enhance your investment portfolio with this exceptional turnkey opportunity, strategically positioned in the vibrant off-campus heart of Temple University. This meticulously crafted duplex emerges as a standout investment, initially constructed as new and diligently preserved by its original owner, ensuring its status as a coveted student rental haven.

The property showcases premium hardwood flooring, private outdoor access for leisure and gatherings, generously sized bedrooms for comfortable living, and an unbeatable location. Its proximity to the campus and public transportation facilities underscores convenience, making it an irresistible choice for students.

Currently, the property houses two units: the lower unit features 3 bedrooms and is leased for $1,875, while the upper unit boasts 4 bedrooms and is rented for $2,400. All leases are set to conclude by the end of July 2024, presenting a seamless transition for the new owner. The competitive landscape of student housing in the area, coupled with the ongoing development, signals a promising horizon for potential rent escalations, enhancing the investment's profitability.

Furthermore, there's an exclusive opportunity to expand your investment portfolio by acquiring this property in conjunction with 1713 Fontain Street, offering a strategic package deal. This investment not only promises immediate returns but also positions you advantageously in a market with a bright future for growth and development. Seize this opportunity to own a piece of the thriving Temple University area, a decision that promises both immediate rewards and long-term benefits.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 321219600

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Or Aharon • Compass RE
Bought with Taiye David Adebiyi • Springer Realty Group
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