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… Read More 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! Read Less
Courtesy of Jim Romano, Keller Williams Real Estate-Blue Bell [email protected]
Listing Snapshot
Days Online
143
Last Updated
Property Type
Townhouse
Square Ft.
2,598
Lot Size
0.04 Acres
Year Built
1915
MLS Number
PAPH2347194
Additional Details
Appliances & Equipment
Microwave, Dishwasher, Stainless Steel Appliances, Washer/Dryer Stacked, Oven/Range - Electric
Basement
Fully Finished
Building
2,598 sqft living area, Built in 1915, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: Dry Wall, 3 units in building, Bi-level, Brick, Frame, Concrete, Metal Siding
1,615 sqft, Lot Size Dimensions: 17.00 x 95.00, 0.04 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 3, Outdoor Living Structures: Patio(s), Roof, Deck(s), 2 three-bedroom units
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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