Welcome to your next savvy investment opportunity! Nestled just blocks away from Temple University, this income-producing quadruplex is a gem! Perfect for seasoned investors looking to expand their portfolio or first-time investors eager to dive into the market. Comprising two 2-bedroom, 2.5-bathroom units on the lower level and two 4-bedroom, 4.5-bathroom units on the upper level, this quadruplex 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 and Unit B residents can enjoy access to a fenced patio, while Unit D 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 $110,400. 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!
PAPH2347128
Fourplex, Multi-Family, 2 Story
2
PHILADELPHIA
2021
0.04
Acres
Public
Brick,Frame,Metal
Public Sewer
5,923
Sq. Ft.
School Information
PHILADELPHIA CITY
Interior Features
- Appliances
- Dishwasher, Refrigerator, 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
- Patio
- Roof
- Fiberglass
- Lot Dimensions
- 22.00 x 86.00
Financial Considerations
321223805
$15,397
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