2139-41 N 18TH

PHILADELPHIA, PA, 19121

$1,250,000

$233 per ft²
$1,250,000
$233 per ft²
Active
Active
 - For Sale
carpenters-square
5,342 ft²
property_type
Multi-family
calendar
Built 2014
7.75 Cap Rate! Fully turnkey Temple University area investment. Two side-by-side properties, 4 total units, 18 total bedrooms. Meticulously maintained and managed. Fully occupied ready for a new owner to take advantage of some of the highest returns you will find in any east coast city. Situated just a few blocks from campus the property was built in 2014 and still has years left of an active Philadelphia Tax Abatement. The current owner recently replaced the whole stucco facade with a brand new siding material to better protect against the elements and to ensure a nice durable exterior (see attached documentation). Room rentals have been on the rise in the Temple area for years now and will continue to see increases. Take advantage now and prepare for higher returns in the future. Plenty of local development to speak of, including big expansions to the Temple University Campus. If you are looking for a hassle-free turnkey investment with high returns, this is the property to consider.
MLS® ID:
PAPH2036586
Updated:
10/4/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Forced Air

Exterior/Building Features

Lot Size
2,342 ft² lot
Architectural Style
Contemporary
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19121 (19121)
Taxes
$1126.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
RM1

Property History

Date
Event
Price
Value
2/22/22
Price Change
$1,250,000
-10%
11/11/21
Price Change
$1,400,000
-6%
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