2,172 SqFt
2,172 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,172 sqft
Price per Sqft $230
Subdivision Temple University
MLS Listing ID PAPH2453910
Style Other
Abv Grd Liv Area 2,172
Originating Board BRIGHT
Year Built 2012
Annual Tax Amount $7,942
Tax Year 2024
Lot Size 1,036 Sqft
Acres 0.02
Lot Dimensions 14.00 x 74.00
Property Sub-Type End of Row/Townhouse
Property Description
Temple is the 2nd largest university in PA and one of the largest on the east coast.
With 2024 undergraduate enrollment reaching over 30,000 students, with limited on
campus housing capacity, the large student population creates a consistent demand for
off campus housing.
This investment property is located in one of the most desirable blocks for off campus
housing at Temple. It is only 1.5 blocks away from the main campus. It provides strong
cash flow and stable tenancy.
The annual rental income has been mostly above $60,000 ( varies between $51,600
and $63,600) for the past 5 years under current management. The CAP rate is an
impressive 7.75%.
The property is a well maintained duplex built in 2012.
Unit A has 5 bedrooms spanning 3 levels. It comes with a fenced in private backyard.
The average rent for the unit is $2500 (between $2000 and $3000) per month with 12
months leases over the past 5 years
Unit B has 4 light filled bedrooms spanning 2 levels with 2.5 bathrooms and a large
living room. The average monthly rent has been between $2300 and 2600.
Financial details are available upon request.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
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 321104700
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
