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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
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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Bought with Taiye David Adebiyi • Springer Realty Group
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327