Welcome to your next savvy investment opportunity! Nestled just blocks away from Temple University, this income-producing triplex is a gem! Perfect for seasoned investors looking to expand their portfolio or first-time investors eager to dive into the market. Comprising one 5-bedroom, 4-bathroom unit and two 3-bedroom, 2-bathroom units, this triplex offers modern amenities and spacious layouts that appeal to students and tenants alike. Each unit features contemporary finishes, galley and wrap-around kitchens, in-unit washer/dryer, ample closet space, and more! Unit A has access to a fenced patio, Unit B residents can enjoy the spacious upper deck at the rear, and Unit C boasts a sprawling rooftop deck, perfect for entertaining or relaxing under the stars. Currently fully leased for the 2024-2025 school year, this property generates an impressive gross annual income of $109,920. With top market rents and 25% estimated operating expenses, the projected net operating income ensures a steady cash flow. Tenants can experience the convenience of living just minutes away from popular student attractions like Geasy Field, Temple Track, and The Liacouras Center. There are approximately 7+ years left on the ten year tax abatements. Information needs to be verified by a buyer with city tax office. Schedule your appointment today!
PAPH2347194
Triplex, Multi-Family, 2 Story
2
PHILADELPHIA
1915
0.04
Acres
Public
Brick,Frame,Metal
Public Sewer
2,598
Sq. Ft.
School Information
PHILADELPHIA CITY
Interior Features
- Appliances
- Dishwasher, Microwave, Electric Oven, Electric Range, Washer, Electric Water Heater
- Flooring
- Vinyl
- Cooling
- Central Air
- Heating
- Electric Heating. Forced Air.
- Basement
- Finished
- Additional Interior Features
- Walk-In Closet(s)
Exterior / Lot Features
- Parking
- On Street.
- Exterior
- Metal, Brick, Frame
- Patio
- Deck, Patio
- Roof
- Fiberglass
- Lot Dimensions
- 17.00 x 95.00
Financial Considerations
321213601
Loading...