UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $180
Subdivision Temple University
MLS Listing ID PAPH2437086
Style Straight Thru
Abv Grd Liv Area 2,160
Originating Board BRIGHT
Year Built 1915
Available Date 2025-03-31
Annual Tax Amount $6,307
Tax Year 2024
Lot Size 1,351 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Property Description
This fully updated duplex, located in the heart of Temple University's campus, offers an exceptional investment opportunity with strong rental potential and versatile living spaces. The first unit spans the first floor and lower level (basement), featuring 3 bedrooms, 1 full bathroom, a kitchen, laundry, and a private yard on the main level. The finished basement provides additional living space, including a common area and an additional room that can serve as a den, workspace, storage, study lounge, or a quiet retreat. With the addition of egress, the finished basement room could be converted into a 4th bedroom, offering even greater potential. This unit offers a projected monthly rent of $1,800.
Unit 2 is a bi-level layout encompassing the second and third floors. The second floor includes 3 bedrooms, a full bathroom, a kitchen, and laundry facilities. The third floor features 3 additional bedrooms, another full bathroom, and a private roof deck off the back bedroom with breathtaking views. This spacious unit offers a projected monthly rent of $3,600 if you were to rent each room out for $600/room.
Both units are currently in the process of being vacated and will be fixed up to be in rent ready condition for the new owner.
With a total of 9 bedrooms and 3 full bathrooms, this property is designed to cater to students and faculty alike, ensuring high demand and consistent cash flow. Additional highlights include a private yard for Unit 1 and a roof deck for Unit 2. With a combined projected monthly rent of $5,400, this turn-key property is the perfect addition to your rental portfolio in a prime location.
This property qualifies for a 10K Grant offered by Prosperity Home Mortgage, which can be used for closing costs, rate buy-down, and more. It is fully forgivable to all buyers, not just first-time buyers. Reach out for more information.
Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate.
13-month HWA home warranty will be included with acceptable offer.
Don't miss this incredible opportunity!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full, Fully Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
View Street
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321231800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Virtual Tour https://view.ricoh360.com/0c66ee29-fd2d-4a2b-9c27-dceaa41c6d83
The J Walden Home Group
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