Listed By:
EXP Realty, LLC
Address
1821-27 N 18Th Street, Philadelphia, PA
Price
$ 2,600,000
Property Attributes
  • MLS#PAPH2309302
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • Zip19121
  • Style
  • Year Built2010
  • Taxes$ 8109
  • Price$ 2,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description

Exceptional Investment Opportunity in Temple University Area - Fully Leased Multi-Family Property. Discover an outstanding investment opportunity in the vibrant Temple University neighborhood with this fully leased, 4-building, 8-unit apartment complex. Perfectly situated steps away from the university, this property offers an ideal blend of convenience, style, and income potential. Property Highlights: **Location:** A stone's throw from Temple University, this property places tenants in the heart of student life, with easy access to Temple University Fitness, Code Blue emergency phones, multiple public transportation stops, and the bustling Broad Street. **Unit Features:** Each of the 8 units, spread across 4 buildings, features massive bedrooms that comfortably fit a queen-size bed and desk, alongside large closets for ample storage. The hardwood floors add elegance and durability, while in-unit washers and dryers ensure tenant convenience. **Updated Kitchens:** Modern, updated kitchens in each unit make the space both functional and inviting, perfect for communal living and entertaining. **Private Outdoor Spaces:** Each unit boasts its own private outdoor area, allowing tenants to relax and enjoy the Philadelphia weather. **Parking:** The convenience of 1 private parking space per unit is a rare find in this bustling area, adding significant value for tenants. **Financials:** With all units currently leased and generating an annual gross revenue of $249,600, this investment promises a 6.9% cap rate. The leases for units end in July 2024, with the exception of 1827 N 18th St Unit 2 which extends to July 2025. This property represents a lucrative investment opportunity. The combination of its prime location, desirable unit features, and strong financial performance makes it an attractive option for savvy investors. Act now to take advantage of this unique opportunity in the Temple University area!

Price History
1/10/2024 Listed $2,600,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 31-60 Days CD,0-30 Days CD
Zoning RM1
Pool Y/N No Pool
Architectural Style Other
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2010
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility Other
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Total Units 2
MLS Area 19121 (19121)
Lot Size Square Feet 1615.00
Waterfront Y/N No
Tax Annual Amount 8109.0
Structure Type Interior Row/Townhouse
Other Units Unit 1,Unit 2
Price Per Sq Ft 878.97
Rent Control Y/N No
Vacation Rental Y/N No
Days on Market 16
Tax Lot 122
School District 300200397108
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Basement Other
Hot Water Natural Gas
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N Yes

Exterior Features

Water Source Public
Type of Parking Driveway
Foundation Details Other
Water View Y/N No
Lot Dimensions 17.00 x 95.00
Lot Size Acres 0.04
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19121

Price
AVG $710K
$2.6M
Taxes
AVG $4,305
$8,109
Visits
AVG 219
467
Data Provided by Inside Real Estate®
Year Built
AVG 1955
2010

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