$180,000
$182,000
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4 Beds
2 Baths
1,160 SqFt
SOLD DATE : 12/01/2021
Key Details
Sold Price $180,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,160 sqft
Price per Sqft $155
Subdivision Temple University
MLS Listing ID PAPH2000840
Sold Date 12/01/21
Style Other
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,160
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,534
Tax Year 2021
Lot Size 827 Sqft
Acres 0.02
Lot Dimensions 14.50 x 57.00
Property Description
Investment opportunity at Temple University with a projected cap rate of 8.2%. The owner has been granted a zoning variance and was issued a use permit for single room occupancy. This allows up to 4 unrelated individuals to occupy this 4 bedroom rental and is rare to come by at Temple. This large turnkey single family rental has a lease in place through 7/31/2022 with a $1600 rental rate. There is significant room to increase rents over the next several years as the area continues to develop and the student rental market returns to normal. The property is located just a few blocks from Temple's main campus and is surrounded by new development. The property has 200 amp electric, updated radiators with digital thermostat, is sold with 4 new windows units and security cameras. Matterport virtual tour is available in Virtual Tours. Tenant pays all utilities.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA-5
Rooms
Basement Unfinished
Main Level Bedrooms 4
Interior
Hot Water Natural Gas
Heating Central
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 321058900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jonathan Beaulieu • JBMP Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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