1839 North 17Th Street Philadelphia, PA 19121

$625,000
0.04
Acres
2,721
SQFT
230
$/SQFT
$625,000
2,721   sf
$230 / sf
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1839 N 17 th  StreetTemple is the 2 nd  largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 2 blocks away from the main campus. It provides strongcash flow and stable tenancy.It has ALWAYS been 100% leased up, even during and after COVID.The annual rental income has been mostly above $80,000 ( varies between $79,800and $82,500) for the past 8 years under current management. The CAP rate is animpressive 9%.The property is a large, well maintained duplex.Unit A has 6 spacious bedrooms spanning 3 levels. It comes with a full size basementfor laundry, entertainment and storage. The fenced-in backyard provides extra space forrelaxation and enjoyment. The average rent for the unit is $3750 per month with 12months leases.Unit B has 5 spacious bedrooms spanning 2 levels with 2.5 bathrooms and a large livingroom. The average monthly rent has been between $2900 and $3250.Financial details are available upon request.

1839 N 17 th  StreetTemple is the 2 nd  largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 2 blocks away from the main campus. It provides strongcash flow and stable tenancy.It has ALWAYS been 100% leased up, even during and after COVID.The annual rental income has been mostly above $80,000 ( varies between $79,800and $82,500) for the past 8 years under current management. The CAP rate is animpressive 9%.The property is a large, well maintained duplex.Unit A has 6 spacious bedrooms spanning 3 levels. It comes with a full size basementfor laundry, entertainment and storage. The fenced-in backyard provides extra space forrelaxation and enjoyment. The average rent for the unit is $3750 per month with 12months leases.Unit B has 5 spacious bedrooms spanning 2 levels with 2.5 bathrooms and a large livingroom. The average monthly rent has been between $2900 and $3250.Financial details are available upon request.

  • Neighborhood
  • Type
  • County
    Philadelphia
  • Area
    19121
  • Tax Amount
    $9,703
  • Status
    Active
  • Listing #
    PAPH2453936
  • Built
    2011
  • Lot Size
    0.04
  • Listed on site
    19 days
  • Listing Agent Id
    121136460609

Listed by:
EXP Realty, LLC

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Style

  • Duplex
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Stephen Gabauer
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