This is the kind of deal that pencils from day one! A fully renovated 2-unit duplex with serrate utilities steps from Temple University Hospital, available for a quick close with no tenants to navigate and no waiting period to get to work. Lower floors a one bedroom one bath with… Read More basement access and a backyard. The upper unit has two bedrooms one bath and ready for tenants the moment you close. Each unit has hardwood, fully renovated kitchen, bath and washer/dryer in each unit. At $255,000 with one unit renting at $995/month and the other at $1,200/month, you're looking at approximately $2,195/month in gross rent and a cap rate in the 8-10% range. The location does the heavy lifting. Temple University Hospital is just 0.2 miles away - a four-minute walk which means your tenant pool includes hospital staff, residents, medical students, and university employees year-round. That's not a seasonal renter market. Temple University Hospital - 0.2 miles (4-min walk) Temple University Main Campus - under 0.5 miles Lewis Katz School of Medicine at Temple - minutes away Broad Street Line (Allegheny Station) - 0.3 miles Wagner Free Institute of Science - nearby The Broad Street Line gives tenants direct access to Center City without a car, which is a significant leasing advantage in this price range.That's stable, professional demand with consistent turnover and reliable income. and RM-1 zoning supports the multifamily use and there is a current active rental license. Seller can close quickly. Building is vacant. No lease-up delay, no inherited tenants, no complications. Just a straightforward acquisition and a property ready to perform. Read Less
Courtesy of Katherine Vail, Elfant Wissahickon-Rittenhouse Square 215-893-9920
Listing Snapshot
Days Online
66
Last Updated
Property Type
Duplex
Square Ft.
2,208
Lot Size
0.02 Acres
Year Built
1935
MLS Number
PAPH2611008
Additional Details
Basement
Daylight, Partial, Improved, Interior Access, Windows
Building
Built in 1935, Built in 2024 (effective), Living area: 2208, Construction Materials: Masonry
Cooling
None
Accessibility Features
None
Floors
Hardwood
Foundation
Stone, Brick/Mortar
Heating
Baseboard - Electric
Income
Apartment Rentals
Lot
0.02 acres, Dimensions: 19.00 x 57.00
Property
Excellent, Other structures: Above Grade, Below Grade
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