For Sale

Photo of 1613 French Street, Philadelphia PA
1613 French Street
Temple University
Philadelphia, PA 19121
Bedrooms
4
Full Baths
2
Partial Baths
N/A
Acres
0.02
Interior Sq Ft
1,160
Age
106
Heating
Natural Gas
Cooling
Window Unit(s)
Water
Public
Sewer
Public
Garages
0
Taxes (2021)
2,534
Additional Details Below

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

Details

Basement
Unfinished, Masonry Floor
Air Conditioning
Window Unit(s)
Hot Water
Natural Gas
Assessment : 181,000
Zoning Designation RSA-5
Lattitude : 39.986408
Longitude : -75.159981
EveryHome Number : PAPH2000840-10615
Listing Courtesy: JBMP Group
Views : 1

Notes

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